VSE Co. (VSEC) CEO Buys $98,820.00 in Stock

VSE Co. (NASDAQ:VSEC) CEO John A. Cuomo bought 3,600 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average price of $27.45 per share, for a total transaction of $98,820.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

VSEC stock opened at $27.71 on Thursday. VSE Co. has a fifty-two week low of $26.90 and a fifty-two week high of $51.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 2.58. The company has a market cap of $303.98 million, a P/E ratio of 8.77 and a beta of 1.21.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.60 earnings per share for the quarter. VSE had a return on equity of 10.67% and a net margin of 5.02%. The business had revenue of $169.92 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.09 per share. This is an increase from VSE’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Tuesday, July 16th.

Hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. acquired a new position in VSE during the 1st quarter worth approximately $37,000. O Shaughnessy Asset Management LLC acquired a new position in VSE during the 1st quarter worth approximately $56,000. BNP Paribas Arbitrage SA raised its stake in VSE by 505.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,817 shares of the construction company’s stock worth $57,000 after buying an additional 1,517 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in VSE by 376.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,186 shares of the construction company’s stock worth $95,000 after buying an additional 2,518 shares during the period. Finally, Citigroup Inc. raised its stake in VSE by 34.6% during the 4th quarter. Citigroup Inc. now owns 3,772 shares of the construction company’s stock worth $113,000 after buying an additional 969 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub downgraded VSE from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 16th.

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About VSE

VSE Corporation operates as a diversified services and supply company in the United States. The company operates in three segments: Supply Chain Management Group, Aviation Group, and Federal Services Group. The Supply Chain Management Group segment offers sourcing, acquisition, scheduling, transportation, shipping, logistics, data management, and other services to assist its clients with supply chain management.

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