GSA Capital Partners LLP lowered its position in Celadon Group Inc. (NYSE:CGI) by 49.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,521 shares of the company’s stock after selling 17,100 shares during the period. GSA Capital Partners LLP owned about 0.06% of Celadon Group worth $143,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of CGI. Wellington Management Group LLP increased its stake in Celadon Group by 13.3% in the first quarter. Wellington Management Group LLP now owns 2,476,302 shares of the company’s stock worth $25,951,000 after buying an additional 291,369 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in Celadon Group by 14.7% in the second quarter. Frontier Capital Management Co. LLC now owns 1,721,300 shares of the company’s stock worth $14,063,000 after buying an additional 220,412 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in Celadon Group during the second quarter worth about $3,583,000. Foundry Partners LLC increased its stake in Celadon Group by 0.3% in the second quarter. Foundry Partners LLC now owns 411,585 shares of the company’s stock worth $3,363,000 after buying an additional 1,150 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Celadon Group by 8.1% in the first quarter. Geode Capital Management LLC now owns 208,584 shares of the company’s stock worth $2,185,000 after buying an additional 15,606 shares in the last quarter. 90.36% of the stock is owned by institutional investors.
Shares of Celadon Group Inc. (NYSE:CGI) traded up 2.68% during trading on Wednesday, hitting $8.82. 66,710 shares of the company traded hands. Celadon Group Inc. has a 52 week low of $6.19 and a 52 week high of $16.96. The company has a market capitalization of $243.55 million, a price-to-earnings ratio of 10.02 and a beta of 1.50. The company has a 50 day moving average price of $8.06 and a 200 day moving average price of $8.99.
Celadon Group (NYSE:CGI) last posted its earnings results on Thursday, September 1st. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.13. Celadon Group had a net margin of 2.33% and a return on equity of 6.63%. On average, analysts expect that Celadon Group Inc. will post $0.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.08 annualized dividend and a yield of 0.93%. Celadon Group’s payout ratio is 8.89%.
CGI has been the subject of a number of research analyst reports. Stifel Nicolaus downgraded shares of Celadon Group from a “buy” rating to a “hold” rating in a report on Friday, June 24th. Zacks Investment Research downgraded shares of Celadon Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. KeyCorp reaffirmed a “buy” rating and set a $11.00 price objective on shares of Celadon Group in a report on Monday, September 26th. Avondale Partners raised shares of Celadon Group from a “market perform” rating to an “outperform” rating and set a $11.30 price objective for the company in a report on Wednesday, August 31st. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Celadon Group in a research note on Wednesday, June 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $28.79.
Celadon Group Company Profile
Celadon Group, Inc (Celadon) provides truckload freight transportation. The Company operates through two segments: asset based and asset light. The asset based segment offers services, such as United States domestic dry van, refrigerated, and flatbed service; cross-border service between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada service; dedicated contract service; regional and specialized short haul service, and rail intermodal service.
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