Mutual of America Capital Management LLC increased its position in shares of Vector Group Ltd. (NYSE:VGR – Get Rating) by 5.5% during the 1st quarter, Holdings Channel reports. The firm owned 18,857 shares of the company’s stock after purchasing an additional 978 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Vector Group were worth $227,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sciencast Management LP purchased a new position in Vector Group in the first quarter valued at about $355,000. Exchange Traded Concepts LLC purchased a new position in Vector Group in the first quarter valued at about $806,000. First Quadrant LLC CA purchased a new position in Vector Group in the first quarter valued at about $39,000. Virginia Retirement Systems ET AL boosted its stake in Vector Group by 21.3% in the first quarter. Virginia Retirement Systems ET AL now owns 50,100 shares of the company’s stock valued at $603,000 after acquiring an additional 8,800 shares during the last quarter. Finally, Insight Folios Inc boosted its stake in Vector Group by 17.4% in the first quarter. Insight Folios Inc now owns 432,952 shares of the company’s stock valued at $5,207,000 after acquiring an additional 64,313 shares during the last quarter. 62.76% of the stock is currently owned by hedge funds and other institutional investors.
Vector Group Stock Up 0.9 %
NYSE VGR opened at $11.35 on Wednesday. The company’s 50 day moving average is $11.00 and its 200-day moving average is $11.42. Vector Group Ltd. has a 12-month low of $9.78 and a 12-month high of $17.39. The firm has a market cap of $1.76 billion, a P/E ratio of 7.94 and a beta of 1.02.
Vector Group (NYSE:VGR – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.08). Vector Group had a net margin of 10.96% and a negative return on equity of 30.49%. The business had revenue of $312.04 million during the quarter, compared to the consensus estimate of $285.70 million. Equities analysts expect that Vector Group Ltd. will post 1.13 EPS for the current year.
Vector Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Friday, June 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date of this dividend was Thursday, June 16th. Vector Group’s dividend payout ratio (DPR) is presently 55.94%.
Wall Street Analyst Weigh In
VGR has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Vector Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 12th. Barclays dropped their target price on shares of Vector Group from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, June 17th.
Insider Buying and Selling
In related news, Director Ronald J. Bernstein sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $11.55, for a total transaction of $115,500.00. Following the sale, the director now owns 62,630 shares of the company’s stock, valued at approximately $723,376.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.54% of the stock is currently owned by insiders.
Vector Group Company Profile
Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 100 combinations under the EAGLE 20’s, Pyramid, Montego, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.
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