VSE Co. (NASDAQ:VSEC) General Counsel Thomas M. Kiernan bought 270 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was purchased at an average price of $37.17 per share, with a total value of $10,035.90. Following the transaction, the general counsel now directly owns 29,616 shares in the company, valued at $1,100,826.72. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
NASDAQ:VSEC traded up $0.16 during mid-day trading on Wednesday, reaching $37.10. The stock had a trading volume of 4,656 shares, compared to its average volume of 15,224. The company has a market capitalization of $419.79 million, a price-to-earnings ratio of 14.40 and a beta of 1.64. VSE Co. has a one year low of $36.52 and a one year high of $59.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.70 and a quick ratio of 1.06.
VSE (NASDAQ:VSEC) last released its earnings results on Thursday, July 26th. The construction company reported $0.80 earnings per share for the quarter. The company had revenue of $170.39 million during the quarter. VSE had a return on equity of 9.86% and a net margin of 5.56%.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.32 annualized dividend and a yield of 0.86%.
A number of hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its position in VSE by 31.2% in the first quarter. Victory Capital Management Inc. now owns 5,076 shares of the construction company’s stock valued at $263,000 after purchasing an additional 1,207 shares during the last quarter. Citigroup Inc. lifted its position in VSE by 69.2% in the first quarter. Citigroup Inc. now owns 3,684 shares of the construction company’s stock valued at $191,000 after purchasing an additional 1,507 shares during the last quarter. First Trust Advisors LP lifted its position in VSE by 18.5% in the second quarter. First Trust Advisors LP now owns 9,742 shares of the construction company’s stock valued at $465,000 after purchasing an additional 1,518 shares during the last quarter. OppenheimerFunds Inc. lifted its position in VSE by 22.1% in the second quarter. OppenheimerFunds Inc. now owns 9,195 shares of the construction company’s stock valued at $439,000 after purchasing an additional 1,665 shares during the last quarter. Finally, IndexIQ Advisors LLC lifted its position in VSE by 4.6% in the second quarter. IndexIQ Advisors LLC now owns 42,294 shares of the construction company’s stock valued at $2,021,000 after purchasing an additional 1,852 shares during the last quarter. Hedge funds and other institutional investors own 72.92% of the company’s stock.
A number of analysts recently weighed in on the company. BidaskClub downgraded VSE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. ValuEngine downgraded VSE from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd.
VSE Company Profile
VSE Corporation operates as a diversified services and supply company in the United States. The company operates through three segments: Supply Chain Management Group, Aviation Group, and Federal Services Group. The Supply Chain Management Group segment offers sourcing, acquisition, scheduling, transportation, shipping, logistics, data management, and other services to assist its clients with supply chain management.
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