ClariVest Asset Management LLC cut its stake in shares of VSE Co. (NASDAQ:VSEC) by 2.8% during the first quarter, HoldingsChannel.com reports. The fund owned 47,493 shares of the construction company’s stock after selling 1,390 shares during the quarter. ClariVest Asset Management LLC’s holdings in VSE were worth $1,500,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in VSE by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 632,998 shares of the construction company’s stock valued at $19,990,000 after buying an additional 15,622 shares during the period. BlackRock Inc. increased its holdings in VSE by 1.7% during the fourth quarter. BlackRock Inc. now owns 626,134 shares of the construction company’s stock valued at $18,726,000 after buying an additional 10,264 shares during the period. Vanguard Group Inc. increased its holdings in VSE by 0.8% during the third quarter. Vanguard Group Inc. now owns 474,713 shares of the construction company’s stock valued at $15,728,000 after buying an additional 3,953 shares during the period. FIL Ltd increased its holdings in VSE by 25.0% during the first quarter. FIL Ltd now owns 125,000 shares of the construction company’s stock valued at $3,948,000 after buying an additional 25,000 shares during the period. Finally, Northern Trust Corp increased its holdings in VSE by 0.4% during the first quarter. Northern Trust Corp now owns 110,304 shares of the construction company’s stock valued at $3,483,000 after buying an additional 436 shares during the period. 72.04% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub lowered shares of VSE from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 30th.
In other news, CFO Thomas R. Loftus bought 2,500 shares of the stock in a transaction on Friday, May 10th. The stock was bought at an average cost of $27.60 per share, for a total transaction of $69,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John A. Cuomo bought 3,600 shares of the stock in a transaction on Monday, May 13th. The stock was purchased at an average price of $27.45 per share, with a total value of $98,820.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 6,500 shares of company stock worth $178,620. 21.00% of the stock is currently owned by corporate insiders.
Shares of VSEC stock opened at $25.47 on Friday. The company has a market cap of $279.41 million, a P/E ratio of 7.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 2.58. VSE Co. has a 52-week low of $24.06 and a 52-week high of $50.66.
VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $169.92 million for the quarter. VSE had a net margin of 5.02% and a return on equity of 10.67%.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.41%. This is a positive change from VSE’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, July 16th.
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VSE Corporation operates as a diversified services and supply company in the United States. The company operates in 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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