Insider Buying: VSE Co. (VSEC) CEO Acquires 3,600 Shares of Stock
VSE Co. (NASDAQ:VSEC) CEO John A. Cuomo purchased 3,600 shares of the stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of $27.45 per share, with a total value of $98,820.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NASDAQ VSEC opened at $27.71 on Wednesday. VSE Co. has a 52-week low of $26.90 and a 52-week high of $51.09. The stock has a market capitalization of $303.98 million, a PE ratio of 8.77 and a beta of 1.21. The company has a current ratio of 2.58, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.
VSE (NASDAQ:VSEC) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.60 earnings per share (EPS) for the quarter. VSE had a net margin of 5.02% and a return on equity of 10.67%. The business had revenue of $169.92 million for the quarter.
Separately, BidaskClub cut shares of VSE from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 30th.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its position in shares of VSE by 7.0% in the fourth quarter. Bank of America Corp DE now owns 6,162 shares of the construction company’s stock valued at $184,000 after purchasing an additional 401 shares during the period. Citigroup Inc. grew its position in shares of VSE by 10.8% in the first quarter. Citigroup Inc. now owns 4,180 shares of the construction company’s stock valued at $132,000 after purchasing an additional 408 shares during the period. Northern Trust Corp grew its position in shares of VSE by 0.4% in the first quarter. Northern Trust Corp now owns 110,304 shares of the construction company’s stock valued at $3,483,000 after purchasing an additional 436 shares during the period. Prudential Financial Inc. grew its position in shares of VSE by 2.1% in the fourth quarter. Prudential Financial Inc. now owns 27,478 shares of the construction company’s stock valued at $822,000 after purchasing an additional 560 shares during the period. Finally, Swiss National Bank lifted its stake in shares of VSE by 3.9% in the first quarter. Swiss National Bank now owns 15,800 shares of the construction company’s stock worth $499,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.
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VSE Company Profile
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.
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