VSE (NASDAQ:VSEC) Stock Passes Above 200-Day Moving Average of $29.74
VSE Co. (NASDAQ:VSEC)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.74 and traded as high as $34.40. VSE shares last traded at $34.08, with a volume of 152 shares.
Separately, BidaskClub upgraded shares of VSE from a “sell” rating to a “hold” rating in a report on Thursday, September 12th.
The company’s fifty day moving average price is $32.06 and its 200-day moving average price is $29.74. The stock has a market cap of $380.66 million, a P/E ratio of 10.68 and a beta of 1.38. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.00 and a current ratio of 2.46.
In other VSE news, Director Calvin Scott Koonce bought 2,400 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $29.27 per share, with a total value of $70,248.00. Following the transaction, the director now owns 1,840,336 shares of the company’s stock, valued at approximately $53,866,634.72. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 21.00% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in VSEC. Hendershot Investments Inc. boosted its stake in VSE by 85.3% in the 2nd quarter. Hendershot Investments Inc. now owns 133,609 shares of the construction company’s stock worth $3,833,000 after purchasing an additional 61,490 shares in the last quarter. FIL Ltd lifted its stake in shares of VSE by 25.0% in the 1st quarter. FIL Ltd now owns 125,000 shares of the construction company’s stock valued at $3,948,000 after purchasing an additional 25,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of VSE by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 617,376 shares of the construction company’s stock valued at $18,466,000 after purchasing an additional 15,015 shares during the period. Vanguard Group Inc. lifted its stake in shares of VSE by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 408,691 shares of the construction company’s stock valued at $11,725,000 after purchasing an additional 4,720 shares during the period. Finally, Citadel Advisors LLC lifted its stake in shares of VSE by 46.1% in the 2nd quarter. Citadel Advisors LLC now owns 12,298 shares of the construction company’s stock valued at $353,000 after purchasing an additional 3,878 shares during the period. Institutional investors own 68.84% of the company’s stock.
VSE Company Profile (NASDAQ:VSEC)
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.
Further Reading: S&P 500 Index
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