Vistance Networks, Inc. Plans Dividend of $5.00 (NASDAQ:VISN)

Vistance Networks, Inc. (NASDAQ:VISN) announced a dividend on Wednesday, August 5th. Stockholders of record on Monday, August 17th will be given a dividend of 5.00 per share by the business services provider on Thursday, August 27th. The ex-dividend date of this dividend is Monday, August 17th.

Vistance Networks Trading Down 18.2%

NASDAQ:VISN traded down $2.25 during midday trading on Thursday, reaching $10.10. The company had a trading volume of 24,193,680 shares, compared to its average volume of 5,805,872. Vistance Networks has a 12-month low of $9.47 and a 12-month high of $20.55. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 0.34 and a beta of 2.36. The stock’s fifty day simple moving average is $12.29 and its 200-day simple moving average is $15.31.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in shares of Vistance Networks during the 2nd quarter worth about $2,374,000. State of Wyoming purchased a new position in Vistance Networks in the second quarter valued at approximately $212,000. Finally, Bank of New York Mellon Corp purchased a new position in Vistance Networks in the second quarter valued at approximately $10,674,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

About Vistance Networks

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.