Denver Investment Advisors LLC Continues to Hold Stake in SEI Investments Company (SEIC)

Denver Investment Advisors LLC maintained its position in shares of SEI Investments Company (NASDAQ:SEIC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,900 shares of the asset manager’s stock at the end of the first quarter. Denver Investment Advisors LLC’s holdings in SEI Investments Company were worth $550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SEIC. Van ECK Associates Corp increased its position in shares of SEI Investments Company by 5.1% in the fourth quarter. Van ECK Associates Corp now owns 2,086 shares of the asset manager’s stock worth $103,000 after buying an additional 101 shares during the last quarter. First Mercantile Trust Co. increased its stake in shares of SEI Investments Company by 165.6% in the first quarter. First Mercantile Trust Co. now owns 2,404 shares of the asset manager’s stock valued at $121,000 after buying an additional 1,499 shares during the last quarter. Mosaic Family Wealth LLC increased its stake in shares of SEI Investments Company by 12.9% in the third quarter. Mosaic Family Wealth LLC now owns 2,873 shares of the asset manager’s stock valued at $131,000 after buying an additional 328 shares during the last quarter. First Manhattan Co. increased its stake in shares of SEI Investments Company by 15.8% in the first quarter. First Manhattan Co. now owns 3,665 shares of the asset manager’s stock valued at $167,000 after buying an additional 500 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of SEI Investments Company by 3.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,627 shares of the asset manager’s stock valued at $171,000 after buying an additional 133 shares during the last quarter. 69.99% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for SEI Investments Company (NASDAQ:SEIC)

SEI Investments Company (NASDAQ SEIC) traded up 0.28% during trading on Friday, reaching $54.26. 1,047,913 shares of the company’s stock traded hands. The company has a 50 day moving average price of $51.23 and a 200-day moving average price of $50.50. The company has a market cap of $8.61 billion, a PE ratio of 25.72 and a beta of 1.38. SEI Investments Company has a 12-month low of $42.12 and a 12-month high of $54.40.

SEI Investments Company (NASDAQ:SEIC) last issued its quarterly earnings results on Wednesday, April 19th. The asset manager reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. SEI Investments Company had a net margin of 24.18% and a return on equity of 26.20%. The business had revenue of $359.98 million during the quarter, compared to the consensus estimate of $362.65 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that SEI Investments Company will post $2.24 EPS for the current fiscal year.

The business also recently announced a semiannual dividend, which will be paid on Friday, June 16th. Investors of record on Wednesday, June 7th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, June 5th. This represents a yield of 1.11%. SEI Investments Company’s payout ratio is 26.42%.

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SEIC has been the subject of several analyst reports. Zacks Investment Research raised shares of SEI Investments Company from a “sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of SEI Investments Company in a research note on Thursday, April 20th.

In related news, Director William Doran sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $52.40, for a total value of $262,000.00. Following the completion of the sale, the director now directly owns 681,015 shares in the company, valued at $35,685,186. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul Klauder sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $53.56, for a total transaction of $401,700.00. Following the completion of the sale, the insider now owns 21,629 shares of the company’s stock, valued at $1,158,449.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 335,000 shares of company stock valued at $17,186,877. 17.10% of the stock is owned by insiders.

About SEI Investments Company

SEI Investments Company provides investment processing, investment management and investment operations solutions. The Company provides its solutions to financial institutions, financial advisors, institutional investors, investment managers and ultra-high-net-worth families in the United States, Canada, the United Kingdom, continental Europe and various other locations around the world.

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