Vector Group Ltd. (NYSE:VGR) Shares Sold by Olympiad Research LP

Olympiad Research LP lessened its position in shares of Vector Group Ltd. (NYSE:VGRFree Report) by 35.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,309 shares of the company’s stock after selling 6,658 shares during the period. Olympiad Research LP’s holdings in Vector Group were worth $139,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Vector Group in the 3rd quarter valued at $43,000. Antonetti Capital Management LLC boosted its holdings in shares of Vector Group by 34.6% in the 3rd quarter. Antonetti Capital Management LLC now owns 5,840 shares of the company’s stock valued at $62,000 after buying an additional 1,500 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Vector Group in the 3rd quarter valued at $68,000. Covestor Ltd raised its position in Vector Group by 16.8% in the 3rd quarter. Covestor Ltd now owns 9,902 shares of the company’s stock valued at $106,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Private Portfolio Partners LLC purchased a new stake in Vector Group in the 4th quarter valued at $113,000. Institutional investors and hedge funds own 64.09% of the company’s stock.

Vector Group Price Performance

VGR stock opened at $10.91 on Friday. The company has a fifty day moving average price of $10.54 and a 200 day moving average price of $10.81. Vector Group Ltd. has a 12 month low of $9.27 and a 12 month high of $13.43. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 9.40 and a beta of 1.06.

Vector Group (NYSE:VGRGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Vector Group had a net margin of 12.98% and a negative return on equity of 25.89%. The business had revenue of $324.57 million during the quarter, compared to analysts’ expectations of $333.30 million. During the same quarter last year, the company earned $0.22 EPS. As a group, analysts anticipate that Vector Group Ltd. will post 1.16 earnings per share for the current year.

Vector Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.80 dividend on an annualized basis and a yield of 7.34%. Vector Group’s payout ratio is currently 68.97%.

Vector Group Company Profile

(Free Report)

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20's, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

See Also

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Institutional Ownership by Quarter for Vector Group (NYSE:VGR)

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