Kirr Marbach & Co. LLC IN Sells 43,510 Shares of ILG Inc (ILG)
Kirr Marbach & Co. LLC IN cut its position in shares of ILG Inc (NASDAQ:ILG) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 624,209 shares of the business services provider’s stock after selling 43,510 shares during the period. ILG makes up about 2.9% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 11th largest position. Kirr Marbach & Co. LLC IN owned approximately 0.50% of ILG worth $13,083,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP bought a new stake in ILG during the fourth quarter worth about $69,317,000. State Street Corp bought a new stake in ILG during the fourth quarter worth about $46,806,000. Weitz Investment Management Inc. bought a new stake in ILG during the fourth quarter worth about $45,955,000. FMR LLC bought a new stake in ILG during the fourth quarter worth about $45,791,000. Finally, New South Capital Management Inc. bought a new stake in ILG during the fourth quarter worth about $42,713,000. 71.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ILG Inc (NASDAQ:ILG) traded up 1.42% on Thursday, reaching $22.90. The company’s stock had a trading volume of 1,594,592 shares. The stock has a market capitalization of $2.85 billion, a PE ratio of 8.81 and a beta of 1.56. ILG Inc has a 1-year low of $11.79 and a 1-year high of $23.13. The stock has a 50-day moving average of $19.85 and a 200 day moving average of $18.42.
ILG (NASDAQ:ILG) last released its quarterly earnings results on Tuesday, February 28th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.13. The business had revenue of $455 million for the quarter, compared to the consensus estimate of $475.52 million. ILG had a net margin of 23.40% and a return on equity of 11.91%. The business’s quarterly revenue was up 175.8% compared to the same quarter last year. On average, equities analysts forecast that ILG Inc will post $1.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 28th. Stockholders of record on Tuesday, March 14th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, March 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.62%. This is an increase from ILG’s previous quarterly dividend of $0.12. ILG’s dividend payout ratio (DPR) is currently 17.71%.
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ILG has been the topic of a number of recent research reports. Zacks Investment Research lowered ILG from a “hold” rating to a “sell” rating in a research note on Thursday, March 2nd. Janney Montgomery Scott began coverage on ILG in a report on Monday, January 30th. They issued a “buy” rating and a $24.00 price target for the company. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $23.00.
In other news, SVP Marie A. Lee sold 7,000 shares of the firm’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $18.36, for a total transaction of $128,520.00. Following the transaction, the senior vice president now owns 9,300 shares in the company, valued at approximately $170,748. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.
ILG Company Profile
ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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