Mantech International Corp Short Interest Down 34.8% in August (MANT)
Mantech International Corp (NASDAQ:MANT) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 1,791,347 shares, a drop of 34.8% from the July 31st total of 2,746,207 shares, StockRatingsNetwork reports. Currently, 7.5% of the company’s shares are sold short. Based on an average trading volume of 197,874 shares, the days-to-cover ratio is currently 9.1 days.
In other Mantech International Corp news, CFO Kevin M. Phillips sold 9,422 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $28.69, for a total transaction of $270,317.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on MANT shares. Analysts at RBC Capital raised their price target on shares of Mantech International Corp to $25.00 in a research note on Tuesday. Analysts at Zacks downgraded shares of Mantech International Corp from a “neutral” rating to an “underperform” rating in a research note on Monday, August 4th. They now have a $25.70 price target on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Mantech International Corp currently has a consensus rating of “Hold” and an average target price of $23.90.
Mantech International Corp (NASDAQ:MANT) opened at 29.18 on Thursday. Mantech International Corp has a 1-year low of $26.36 and a 1-year high of $31.32. The stock has a 50-day moving average of $28.53 and a 200-day moving average of $29.20. The company’s market cap is $1.088 billion.
Mantech International Corp (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.02. The company had revenue of $463.40 million for the quarter, compared to the consensus estimate of $482.58 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was down 23.4% on a year-over-year basis. Analysts expect that Mantech International Corp will post $1.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Friday, September 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, September 3rd.
ManTech International Corporation (NASDAQ:MANT) is a provider of technologies and solutions for mission-critical national security programs for the intelligence community; Departments of Defense (DOD), State, Homeland Security, Energy and Justice, including the Federal Bureau of Investigations (FBI); the space community, and other United States federal government customers.
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