Vector Group Ltd (NYSE:VGR) Short Interest Update
Vector Group Ltd (NYSE:VGR) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 10,964,300 shares, an increase of 6.1% from the May 30th total of 10,334,200 shares. Currently, 10.1% of the shares of the company are short sold. Based on an average trading volume of 1,140,000 shares, the days-to-cover ratio is currently 9.6 days.
Several hedge funds have recently modified their holdings of VGR. Weiss Asset Management LP purchased a new stake in Vector Group during the 1st quarter valued at about $158,000. Lindbrook Capital LLC grew its position in Vector Group by 208.3% in the first quarter. Lindbrook Capital LLC now owns 3,450 shares of the company’s stock worth $37,000 after acquiring an additional 2,331 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in Vector Group in the first quarter worth approximately $221,000. Amalgamated Bank grew its position in Vector Group by 40.9% in the fourth quarter. Amalgamated Bank now owns 14,620 shares of the company’s stock worth $142,000 after acquiring an additional 4,243 shares during the period. Finally, Barclays PLC grew its position in Vector Group by 42.3% in the fourth quarter. Barclays PLC now owns 183,248 shares of the company’s stock worth $1,783,000 after acquiring an additional 54,480 shares during the period. 52.34% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Saturday.
Vector Group (NYSE:VGR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.07). Vector Group had a negative return on equity of 18.17% and a net margin of 3.54%. The company had revenue of $420.90 million during the quarter, compared to the consensus estimate of $437.00 million. During the same period last year, the business earned $0.04 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts predict that Vector Group will post 0.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Tuesday, June 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 16.43%. The ex-dividend date was Monday, June 17th. Vector Group’s dividend payout ratio is currently 275.86%.
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 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.
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