Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $19.95 and traded as low as $19.25. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $19.31, with a volume of 602 shares.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Down 0.1%

The firm has a fifty day simple moving average of $19.94 and a 200-day simple moving average of $20.46.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a $0.4766 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.91 annualized dividend and a yield of 9.9%.

Institutional Inflows and Outflows

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