Insider Selling: Universal Technical Institute SVP Unloads 2,340 Shares of Stock (UTI)
Universal Technical Institute (NYSE:UTI) SVP Rhonda R. Turner sold 2,340 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $11.86, for a total transaction of $27,752.40. Following the sale, the senior vice president now directly owns 41,746 shares in the company, valued at approximately $495,108. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Universal Technical Institute (NYSE:UTI) traded up 0.50% during mid-day trading on Tuesday, hitting $12.01. 64,414 shares of the company’s stock traded hands. Universal Technical Institute has a one year low of $10.02 and a one year high of $15.16. The stock has a 50-day moving average of $11.54 and a 200-day moving average of $12.87. The company has a market cap of $296.1 million and a P/E ratio of 239.00.
Universal Technical Institute (NYSE:UTI) last released its earnings data on Tuesday, April 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.03. The company had revenue of $94.70 million for the quarter, compared to the consensus estimate of $93.08 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. Analysts expect that Universal Technical Institute will post $0.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, June 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, June 18th.
Separately, analysts at Zacks downgraded shares of Universal Technical Institute from a “neutral” rating to an “underperform” rating in a research note on Friday, May 23rd. They now have a $10.00 price target on the stock.
Universal Technical Institute, Inc (NYSE:UTI) is the provider of postsecondary education for students seeking careers as professional automotive, diesels, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates.
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