Great Waters Wealth Management recently acquired 15,000 shares of Vector Group Ltd. stock, valued at approximately $192,000. This purchase was made during the second quarter and was disclosed in the company’s filing with the Securities and Exchange Commission. Other institutional investors and hedge funds have also increased or decreased their stakes in Vector Group.
During the first quarter, Quarry LP raised its holdings in Vector Group by 82.1%, purchasing an additional 1,221 shares. Tower Research Capital LLC TRC increased its holdings by 187.4% during the same period, acquiring 2,463 shares. Point72 Hong Kong Ltd also bought a new stake in the company during the second quarter, valued at about $90,000. Additionally, Macquarie Group Ltd. raised its holdings in the company by 45.7% in the second quarter, and Advisor Partners II LLC purchased a new stake in the fourth quarter.
Insiders of Vector Group have also shown confidence in the company by purchasing shares. COO Richard Lampen purchased 10,000 shares in September, and now holds a total of 797,627 shares. Company insiders own 7.14% of the company’s stock.
The stock of Vector Group, traded on the NYSE as VGR, experienced a 1.4% decrease, closing at $10.68. The stock has a market cap of $1.67 billion, a PE ratio of 10.72, and a beta of 1.11. Vector Group recently released its earnings results, reporting $0.32 earnings per share for the quarter. Analysts had estimated $0.33 earnings per share. Revenue for the quarter came in at $365.66 million, compared to analyst estimates of $408.20 million.
Vector Group also announced a quarterly dividend of $0.20 per share, to be paid on September 15th. Shareholders of record on September 1st will receive the dividend. The dividend payout ratio for Vector Group is currently 79.21%.
StockNews.com initiated coverage on Vector Group, giving the stock a “buy” rating.
Vector Group Ltd. is a cigarette manufacturer in the United States. It operates in the Tobacco and Real Estate segments, producing cigarettes under various brand names. For more information on Vector Group’s holdings, visit HoldingsChannel.com.
Sources:
– SEC Filing
– MarketBeat
– StockNews.com
– HoldingsChannel.com