Crossmark Global Holdings Inc. Purchases New Position in Invacare Corporation (IVC)
Crossmark Global Holdings Inc. purchased a new stake in Invacare Corporation (NYSE:IVC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 28,636 shares of the health services provider’s stock, valued at approximately $451,000. Crossmark Global Holdings Inc. owned about 0.09% of Invacare Corporation as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Invacare Corporation by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,934,593 shares of the health services provider’s stock valued at $38,736,000 after acquiring an additional 107,359 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Invacare Corporation by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,669,248 shares of the health services provider’s stock valued at $31,764,000 after acquiring an additional 84,507 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Invacare Corporation by 11.8% in the 2nd quarter. Royce & Associates LP now owns 1,354,739 shares of the health services provider’s stock valued at $17,883,000 after acquiring an additional 143,027 shares during the last quarter. Northpointe Capital LLC lifted its stake in shares of Invacare Corporation by 96.8% in the 3rd quarter. Northpointe Capital LLC now owns 1,151,700 shares of the health services provider’s stock valued at $18,139,000 after acquiring an additional 566,574 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Invacare Corporation by 8.3% in the 2nd quarter. State Street Corp now owns 837,448 shares of the health services provider’s stock valued at $11,054,000 after acquiring an additional 63,917 shares during the last quarter. Institutional investors own 94.65% of the company’s stock.
In related news, SVP Dean J. Childers sold 6,249 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $15.15, for a total transaction of $94,672.35. Following the completion of the transaction, the senior vice president now directly owns 44,875 shares of the company’s stock, valued at approximately $679,856.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.20% of the stock is owned by company insiders.
Invacare Corporation (IVC) opened at $17.90 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 2.28 and a debt-to-equity ratio of 0.55. Invacare Corporation has a 12-month low of $9.90 and a 12-month high of $17.95.
Invacare Corporation (NYSE:IVC) last announced its earnings results on Tuesday, November 7th. The health services provider reported ($0.41) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.02. The business had revenue of $250.91 million during the quarter, compared to analyst estimates of $239.88 million. Invacare Corporation had a negative return on equity of 13.33% and a negative net margin of 7.95%. Invacare Corporation’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the company earned ($0.37) EPS. research analysts anticipate that Invacare Corporation will post -2 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be given a dividend of $0.0125 per share. This represents a $0.05 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, January 3rd. Invacare Corporation’s dividend payout ratio is currently -2.14%.
Several brokerages recently issued reports on IVC. Zacks Investment Research lowered Invacare Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. KeyCorp reaffirmed a “buy” rating and set a $18.00 target price on shares of Invacare Corporation in a research report on Friday, November 10th. ValuEngine raised Invacare Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, BidaskClub lowered Invacare Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Invacare Corporation presently has an average rating of “Hold” and an average target price of $15.00.
ILLEGAL ACTIVITY NOTICE: “Crossmark Global Holdings Inc. Purchases New Position in Invacare Corporation (IVC)” was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/crossmark-global-holdings-inc-purchases-new-position-in-invacare-corporation-ivc/1719232.html.
Invacare Corporation Profile
Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.
Want to see what other hedge funds are holding IVC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invacare Corporation (NYSE:IVC).
Receive News & Ratings for Invacare Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invacare Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.