BlueCrest Capital Management Ltd purchased a new position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 27,163 shares of the company’s stock, valued at approximately $981,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amica Retiree Medical Trust raised its position in Patterson Companies by 433.8% in the 3rd quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock valued at $116,000 after buying an additional 2,429 shares during the last quarter. Advisory Services Network LLC raised its position in Patterson Companies by 346.8% in the 4th quarter. Advisory Services Network LLC now owns 3,454 shares of the company’s stock valued at $125,000 after buying an additional 2,681 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Patterson Companies in the 4th quarter valued at approximately $145,000. Exchange Capital Management Inc. raised its position in Patterson Companies by 458.3% in the 4th quarter. Exchange Capital Management Inc. now owns 6,532 shares of the company’s stock valued at $236,000 after buying an additional 5,362 shares during the last quarter. Finally, American Assets Investment Management LLC acquired a new stake in Patterson Companies in the 4th quarter valued at approximately $238,000. 94.56% of the stock is currently owned by institutional investors.
Patterson Companies, Inc. (NASDAQ PDCO) opened at $24.69 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.80 and a quick ratio of 1.00. The firm has a market capitalization of $2,340.00, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 2.01 and a beta of 0.98. Patterson Companies, Inc. has a one year low of $22.57 and a one year high of $48.29.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.21%. Patterson Companies’s dividend payout ratio is 40.31%.
In other Patterson Companies news, insider Ann B. Gugino sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $36.38, for a total value of $27,285.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by company insiders.
A number of equities research analysts recently issued reports on PDCO shares. Zacks Investment Research raised Patterson Companies from a “sell” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Tuesday, January 23rd. Robert W. Baird reissued a “buy” rating and issued a $40.00 target price on shares of Patterson Companies in a research report on Wednesday, November 22nd. Northcoast Research set a $38.00 target price on Patterson Companies and gave the company a “buy” rating in a research report on Thursday, March 1st. BidaskClub raised Patterson Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, Jefferies Group reissued a “hold” rating and issued a $37.00 target price on shares of Patterson Companies in a research report on Thursday, November 23rd. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.30.
WARNING: “BlueCrest Capital Management Ltd Purchases New Stake in Patterson Companies, Inc. (PDCO)” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/3260845/bluecrest-capital-management-ltd-purchases-new-stake-in-patterson-companies-inc-pdco.html.
About Patterson Companies
Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.
Want to see what other hedge funds are holding PDCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Patterson Companies, Inc. (NASDAQ:PDCO).
Receive News & Ratings for Patterson Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies and related companies with MarketBeat.com's FREE daily email newsletter.