Nationwide Fund Advisors raised its position in shares of Sun Hydraulics Corp. (NASDAQ:SNHY) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 157,106 shares of the company’s stock after buying an additional 351 shares during the period. Nationwide Fund Advisors owned about 0.58% of Sun Hydraulics Corp. worth $4,664,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Sun Hydraulics Corp. by 15.3% in the first quarter. Legal & General Group Plc now owns 3,655 shares of the company’s stock worth $122,000 after buying an additional 485 shares during the last quarter. BB&T Securities LLC increased its position in Sun Hydraulics Corp. by 2.4% in the second quarter. BB&T Securities LLC now owns 7,365 shares of the company’s stock worth $218,000 after buying an additional 175 shares during the period. Alambic Investment Management L.P. bought a new position in Sun Hydraulics Corp. during the second quarter worth approximately $266,000. Suntrust Banks Inc. bought a new position in Sun Hydraulics Corp. during the second quarter worth approximately $336,000. Finally, Ngam Advisors L.P. increased its position in Sun Hydraulics Corp. by 6.6% in the second quarter. Ngam Advisors L.P. now owns 14,476 shares of the company’s stock worth $430,000 after buying an additional 896 shares during the period. 75.98% of the stock is owned by institutional investors.
Shares of Sun Hydraulics Corp. (NASDAQ:SNHY) traded up 2.64% on Friday, reaching $32.27. The company’s stock had a trading volume of 53,476 shares. Sun Hydraulics Corp. has a 12 month low of $24.00 and a 12 month high of $35.93. The firm’s 50-day moving average price is $30.35 and its 200-day moving average price is $31.13. The stock has a market cap of $868.77 million, a P/E ratio of 30.13 and a beta of 2.27.
The business also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Friday, September 30th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.36 dividend on an annualized basis and a yield of 1.12%. Sun Hydraulics Corp.’s dividend payout ratio (DPR) is currently 33.33%.
A number of research analysts recently commented on SNHY shares. Zacks Investment Research downgraded Sun Hydraulics Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. TheStreet downgraded Sun Hydraulics Corp. from a “buy” rating to a “hold” rating in a research note on Monday, June 20th.
In other Sun Hydraulics Corp. news, Director Christine L. Koski sold 18,500 shares of Sun Hydraulics Corp. stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $31.15, for a total value of $576,275.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christine L. Koski sold 10,000 shares of Sun Hydraulics Corp. stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $30.04, for a total value of $300,400.00. The disclosure for this sale can be found here. 10.70% of the stock is owned by company insiders.
Sun Hydraulics Corp. Company Profile
Sun Hydraulics Corporation (Sun) designs and manufactures screw-in hydraulic cartridge valves and manifolds, which control force, speed and motion as integral components in fluid power systems. The Company operates through manufacturing and distribution of hydraulic components segment. The Company, at components level, designs and manufactures screw-in hydraulic cartridge valves, manifolds, and integrates fluid power packages and subsystems.
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