Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $20.65 and traded as low as $20.40. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $20.5990, with a volume of 4,486 shares changing hands.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Price Performance

The stock has a fifty day simple moving average of $20.66 and a two-hundred day simple moving average of $20.65.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be issued a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Wednesday, July 1st.

Institutional Investors Weigh In On Hovnanian Enterprises, Inc. PFD DEP1/1000A

An institutional investor recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. increased its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,550 shares of the company’s stock after purchasing an additional 1,075 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $585,000 at the end of the most recent quarter.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Company Profile

Hovnanian Enterprises, Inc is a publicly traded homebuilding company active primarily in the United States. Through its network of land development and construction operations, the company designs, builds and sells single-family detached and attached homes, condominiums and active-adult communities. In addition to its core homebuilding business, Hovnanian provides financing, mortgage banking, title insurance and closing services to homebuyers through its wholly owned financial services subsidiaries.

Founded in 1959 by Kevork S.