Ghisallo Capital Management LLC Reduces Stock Holdings in VSE Co. (NASDAQ:VSEC)

Ghisallo Capital Management LLC lessened its position in shares of VSE Co. (NASDAQ:VSEC) by 50.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,000 shares of the construction company’s stock after selling 25,000 shares during the quarter. Ghisallo Capital Management LLC owned approximately 0.12% of VSE worth $2,378,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sterling Capital Management LLC raised its position in VSE by 857.1% during the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company’s stock worth $45,000 after acquiring an additional 420 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of VSE during the 4th quarter worth approximately $47,000. Tower Research Capital LLC TRC raised its position in shares of VSE by 21.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company’s stock worth $138,000 after purchasing an additional 258 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in VSE in the 3rd quarter valued at approximately $155,000. Finally, Summit Investment Advisors Inc. grew its holdings in VSE by 14.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company’s stock valued at $175,000 after buying an additional 233 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on VSEC shares. Truist Financial dropped their price target on VSE from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. StockNews.com upgraded VSE to a “sell” rating in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

VSE Stock Up 0.2 %

Shares of NASDAQ:VSEC opened at $113.94 on Friday. VSE Co. has a 12-month low of $73.36 and a 12-month high of $128.72. The stock’s 50-day moving average price is $113.28 and its two-hundred day moving average price is $107.66. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 137.28 and a beta of 1.32.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.73 by $0.17. The firm had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. On average, research analysts forecast that VSE Co. will post 2.96 EPS for the current year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Thursday, May 1st. VSE’s payout ratio is currently 48.19%.

VSE Profile

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.