O Shaughnessy Asset Management LLC Takes $56,000 Position in VSE Co. (NASDAQ:VSEC)
O Shaughnessy Asset Management LLC purchased a new position in shares of VSE Co. (NASDAQ:VSEC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,762 shares of the construction company’s stock, valued at approximately $56,000.
Several other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of VSE by 7.0% during the 4th quarter. Bank of America Corp DE now owns 6,162 shares of the construction company’s stock worth $184,000 after purchasing an additional 401 shares during the period. Prudential Financial Inc. raised its position in shares of VSE by 2.1% during the 4th quarter. Prudential Financial Inc. now owns 27,478 shares of the construction company’s stock worth $822,000 after purchasing an additional 560 shares during the period. Swiss National Bank raised its position in shares of VSE by 3.9% during the 1st quarter. Swiss National Bank now owns 15,800 shares of the construction company’s stock worth $499,000 after purchasing an additional 600 shares during the period. Janney Montgomery Scott LLC raised its position in shares of VSE by 0.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 83,284 shares of the construction company’s stock worth $2,630,000 after purchasing an additional 732 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of VSE by 5.4% during the 1st quarter. Wells Fargo & Company MN now owns 14,950 shares of the construction company’s stock worth $472,000 after purchasing an additional 766 shares during the period. Institutional investors and hedge funds own 72.04% of the company’s stock.
In other VSE news, CFO Thomas R. Loftus bought 2,500 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average price of $27.60 per share, with a total value of $69,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John A. Cuomo bought 3,600 shares of the firm’s 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 disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 6,500 shares of company stock valued at $178,620. 21.00% of the stock is currently owned by corporate insiders.
VSE (NASDAQ:VSEC) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.60 EPS for the quarter. VSE had a return on equity of 10.67% and a net margin of 5.02%. The firm had revenue of $169.92 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.09 dividend. This is a boost from VSE’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, July 16th.
Separately, BidaskClub cut VSE from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th.
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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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