Campbell & CO Investment Adviser LLC acquired a new position in shares of The GEO Group Inc (NYSE:GEO) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 17,969 shares of the real estate investment trust’s stock, valued at approximately $312,000.
A number of other large investors have also bought and sold shares of GEO. Nuveen Asset Management LLC bought a new stake in The GEO Group during the second quarter worth about $53,729,000. Artemis Investment Management LLP raised its holdings in The GEO Group by 17.2% in the second quarter. Artemis Investment Management LLP now owns 5,170,002 shares of the real estate investment trust’s stock worth $108,280,000 after buying an additional 757,583 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in The GEO Group by 8.6% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,627,379 shares of the real estate investment trust’s stock worth $181,261,000 after buying an additional 683,323 shares during the last quarter. Prudential Financial Inc. raised its holdings in The GEO Group by 15.1% in the second quarter. Prudential Financial Inc. now owns 4,351,352 shares of the real estate investment trust’s stock worth $91,422,000 after buying an additional 570,734 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in The GEO Group by 2.2% in the second quarter. Vanguard Group Inc. now owns 18,119,158 shares of the real estate investment trust’s stock worth $380,683,000 after buying an additional 386,641 shares during the last quarter. 87.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of The GEO Group stock opened at $15.47 on Friday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $1.89 billion, a PE ratio of 6.26 and a beta of 1.12. The GEO Group Inc has a 52-week low of $14.68 and a 52-week high of $25.10. The company has a 50-day simple moving average of $16.88 and a two-hundred day simple moving average of $19.16.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 25th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.92 annualized dividend and a yield of 12.41%. The GEO Group’s dividend payout ratio (DPR) is presently 77.73%.
Several brokerages have issued reports on GEO. TheStreet cut shares of The GEO Group from a “b-” rating to a “c+” rating in a report on Thursday, July 25th. ValuEngine raised shares of The GEO Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $25.00.
In other The GEO Group news, Director Richard H. Glanton sold 1,663 shares of The GEO Group stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $17.71, for a total value of $29,451.73. Following the completion of the transaction, the director now directly owns 2,177 shares of the company’s stock, valued at $38,554.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne N. Foreman sold 8,000 shares of The GEO Group stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $17.24, for a total transaction of $137,920.00. The disclosure for this sale can be found here. Insiders sold 13,131 shares of company stock valued at $227,888 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.
About The GEO Group
The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.
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