Hahn Capital Management LLC Has $23.27 Million Position in SEI Investments (NASDAQ:SEIC)
Hahn Capital Management LLC lessened its stake in shares of SEI Investments (NASDAQ:SEIC) by 1.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 445,429 shares of the asset manager’s stock after selling 6,247 shares during the period. SEI Investments accounts for approximately 2.9% of Hahn Capital Management LLC’s portfolio, making the stock its 18th biggest position. Hahn Capital Management LLC’s holdings in SEI Investments were worth $23,274,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Nordea Investment Management AB boosted its stake in shares of SEI Investments by 3.4% in the 1st quarter. Nordea Investment Management AB now owns 493,201 shares of the asset manager’s stock worth $25,771,000 after buying an additional 16,243 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of SEI Investments by 2.2% in the 1st quarter. Advisory Services Network LLC now owns 17,943 shares of the asset manager’s stock worth $938,000 after buying an additional 390 shares during the last quarter. Cerebellum GP LLC boosted its stake in shares of SEI Investments by 26.6% in the 1st quarter. Cerebellum GP LLC now owns 6,525 shares of the asset manager’s stock worth $341,000 after buying an additional 1,369 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of SEI Investments in the 1st quarter worth $2,330,000. Finally, Andra AP fonden purchased a new position in shares of SEI Investments in the 1st quarter worth $5,512,000. 68.75% of the stock is owned by institutional investors.
NASDAQ SEIC opened at $53.93 on Monday. The firm has a market cap of $8.23 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.41 and a beta of 1.24. The company has a current ratio of 5.86, a quick ratio of 5.68 and a debt-to-equity ratio of 0.03. SEI Investments has a fifty-two week low of $42.27 and a fifty-two week high of $66.67.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 12th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.32 annualized dividend and a yield of 2.45%. SEI Investments’s dividend payout ratio (DPR) is presently 21.02%.
SEIC has been the topic of a number of research reports. TheStreet upgraded SEI Investments from a “c+” rating to a “b-” rating in a research note on Tuesday, March 12th. Zacks Investment Research upgraded SEI Investments from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Friday, April 12th. BidaskClub upgraded SEI Investments from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. ValuEngine upgraded SEI Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Finally, Keefe, Bruyette & Woods downgraded SEI Investments from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $56.00 to $64.00 in a research note on Sunday, April 14th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $66.20.
In other SEI Investments news, insider Paul Klauder sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $52.89, for a total transaction of $396,675.00. Following the sale, the insider now directly owns 24,841 shares of the company’s stock, valued at $1,313,840.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sarah Blumenstein sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $51.96, for a total value of $259,800.00. Following the sale, the director now directly owns 10,681 shares in the company, valued at $554,984.76. The disclosure for this sale can be found here. 22.60% of the stock is owned by company insiders.
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SEI Investments Profile
SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.
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