First Trust Advisors LP bought a new position in Vector Group Ltd. (NYSE:VGR) during the second quarter, Holdings Channel reports. The fund bought 36,841 shares of the company’s stock, valued at approximately $826,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of VGR. BNP Paribas Arbitrage SA boosted its position in Vector Group by 7,067.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,587 shares of the company’s stock worth $103,000 after buying an additional 4,523 shares during the period. NEXT Financial Group Inc boosted its position in Vector Group by 203.9% in the second quarter. NEXT Financial Group Inc now owns 5,755 shares of the company’s stock worth $129,000 after buying an additional 3,861 shares during the period. BlackRock Japan Co. Ltd boosted its position in Vector Group by 72.3% in the first quarter. BlackRock Japan Co. Ltd now owns 6,583 shares of the company’s stock worth $150,000 after buying an additional 2,763 shares during the period. Naples Global Advisors LLC bought a new position in Vector Group during the second quarter worth approximately $224,000. Finally, IFP Advisors Inc boosted its position in Vector Group by 101.8% in the first quarter. IFP Advisors Inc now owns 10,479 shares of the company’s stock worth $239,000 after buying an additional 5,285 shares during the period. 41.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Vector Group Ltd. (NYSE:VGR) traded down 0.29% on Friday, reaching $20.32. The company had a trading volume of 397,520 shares. The firm has a market capitalization of $2.64 billion, a PE ratio of 40.97 and a beta of 0.39. Vector Group Ltd. has a 12 month low of $19.33 and a 12 month high of $24.38. The firm’s 50 day moving average is $21.44 and its 200 day moving average is $20.94.
Vector Group (NYSE:VGR) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.02. The company earned $438.30 million during the quarter, compared to analyst estimates of $430.70 million. Vector Group had a net margin of 3.65% and a negative return on equity of 55.23%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 earnings per share. On average, equities research analysts expect that Vector Group Ltd. will post $0.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Wednesday, September 21st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 19th. This represents a $1.60 annualized dividend and a dividend yield of 7.87%. Vector Group’s payout ratio is 329.41%.
Several brokerages recently weighed in on VGR. TheStreet upgraded Vector Group from a “hold” rating to a “buy” rating in a research note on Friday, September 16th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $27.00 target price on shares of Vector Group in a research note on Tuesday, August 30th. Finally, Zacks Investment Research upgraded Vector Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 27th.
Vector Group Company Profile
Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries; the sale of electronic cigarettes (e-cigarettes) in the United States through its Zoom E-Cigs LLC (Zoom) subsidiary, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.
Want to see what other hedge funds are holding VGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vector Group Ltd. (NYSE:VGR).
Receive News & Ratings for Vector Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vector Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.