Columbia Pacific Advisors LLC Acquires Shares of 22,224 Vicor Corp (VICR)
Columbia Pacific Advisors LLC acquired a new position in shares of Vicor Corp (NASDAQ:VICR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,224 shares of the electronics maker’s stock, valued at approximately $634,000. Vicor accounts for approximately 0.8% of Columbia Pacific Advisors LLC’s holdings, making the stock its 19th largest holding. Columbia Pacific Advisors LLC owned about 0.06% of Vicor at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of VICR. MetLife Investment Advisors LLC bought a new stake in shares of Vicor in the 4th quarter valued at approximately $184,000. Stone Ridge Asset Management LLC bought a new stake in shares of Vicor in the 4th quarter valued at approximately $344,000. Wells Fargo & Company MN grew its stake in shares of Vicor by 57.1% in the 3rd quarter. Wells Fargo & Company MN now owns 19,622 shares of the electronics maker’s stock valued at $463,000 after buying an additional 7,128 shares in the last quarter. Arizona State Retirement System bought a new stake in shares of Vicor in the 4th quarter valued at approximately $572,000. Finally, New York State Common Retirement Fund grew its stake in shares of Vicor by 24.6% in the 1st quarter. New York State Common Retirement Fund now owns 20,800 shares of the electronics maker’s stock valued at $594,000 after buying an additional 4,100 shares in the last quarter. Hedge funds and other institutional investors own 24.43% of the company’s stock.
VICR has been the subject of several recent research reports. BidaskClub raised Vicor from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine raised Vicor from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd.
Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, April 24th. The electronics maker reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $65.27 million during the quarter. Vicor had a return on equity of 3.06% and a net margin of 2.13%. During the same period in the previous year, the company earned ($0.02) EPS.
In other Vicor news, VP Kemble D. Morrison sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $40.84, for a total transaction of $204,200.00. Following the completion of the sale, the vice president now owns 5,000 shares of the company’s stock, valued at $204,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James A. Simms sold 28,985 shares of the company’s stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $36.72, for a total value of $1,064,329.20. The disclosure for this sale can be found here. Insiders have sold 76,048 shares of company stock valued at $2,842,856 in the last ninety days. Company insiders own 38.90% of the company’s stock.
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting, regulating, and controlling electric current worldwide. It operates through three segments: Brick Business Unit, VI Chip, and Picor. The company offers modular direct current (DC)-DC converters, open-frame intermediate bus converters, and complementary components; high density zero voltage soft switching DC-DC converters; configurable products; and custom power systems.
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