Old Mutual Global Investors UK Ltd. maintained its position in shares of MEDIFAST INC (NYSE:MED) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,037 shares of the specialty retailer’s stock at the close of the 2nd quarter. Old Mutual Global Investors UK Ltd.’s holdings in MEDIFAST INC were worth $167,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in MEDIFAST INC by 0.3% during the 1st quarter. Renaissance Technologies LLC now owns 954,000 shares of the specialty retailer’s stock valued at $42,329,000 after acquiring an additional 2,500 shares during the period. Engaged Capital LLC lifted its position in MEDIFAST INC by 2.2% during the 1st quarter. Engaged Capital LLC now owns 789,549 shares of the specialty retailer’s stock valued at $35,032,000 after acquiring an additional 17,084 shares during the period. Vanguard Group Inc. lifted its position in MEDIFAST INC by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 643,272 shares of the specialty retailer’s stock valued at $28,542,000 after acquiring an additional 22,740 shares during the period. Dimensional Fund Advisors LP lifted its position in MEDIFAST INC by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 632,211 shares of the specialty retailer’s stock valued at $28,051,000 after acquiring an additional 21,847 shares during the period. Finally, Kennedy Capital Management Inc. lifted its position in MEDIFAST INC by 4.8% during the 2nd quarter. Kennedy Capital Management Inc. now owns 398,063 shares of the specialty retailer’s stock valued at $16,508,000 after acquiring an additional 18,183 shares during the period. 89.48% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on MED shares. DA Davidson started coverage on shares of MEDIFAST INC in a research report on Wednesday, August 16th. They set a “buy” rating for the company. BidaskClub raised shares of MEDIFAST INC from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th.
MEDIFAST INC (MED) opened at 55.23 on Wednesday. MEDIFAST INC has a 12 month low of $36.13 and a 12 month high of $56.70. The stock has a market capitalization of $658.89 million, a PE ratio of 27.75 and a beta of 0.43. The company’s 50-day moving average is $50.32 and its 200-day moving average is $45.03.
MEDIFAST INC (NYSE:MED) last released its quarterly earnings data on Tuesday, August 8th. The specialty retailer reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.10. MEDIFAST INC had a net margin of 8.62% and a return on equity of 24.25%. The company had revenue of $75.70 million during the quarter, compared to analyst estimates of $71.96 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts forecast that MEDIFAST INC will post $2.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, September 22nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, September 21st. MEDIFAST INC’s dividend payout ratio (DPR) is presently 64.32%.
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About MEDIFAST INC
Medifast, Inc is engaged in the production, distribution and sale of weight loss, weight management and healthy living products, and other consumable health and nutritional products. Medifast product lines include weight loss, weight management, and healthy living meal replacements, snacks, hydration products and vitamins.
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