Leucadia National Corp. (NYSE:LUK) Chairman Joseph S. Steinberg sold 200,000 shares of the stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $19.04, for a total value of $3,808,000.00. Following the completion of the sale, the chairman now directly owns 1,992,687 shares of the company’s stock, valued at $37,940,760.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Leucadia National Corp. (NYSE:LUK) traded up 1.22% on Wednesday, reaching $19.15. The company’s stock had a trading volume of 1,848,399 shares. Leucadia National Corp. has a 52-week low of $14.27 and a 52-week high of $21.29. The stock has a 50-day moving average of $18.89 and a 200 day moving average of $17.46. The company’s market cap is $6.90 billion.

Leucadia National Corp. (NYSE:LUK) last announced its earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.10. Leucadia National Corp. had a negative net margin of 2.95% and a negative return on equity of 2.61%. On average, equities research analysts forecast that Leucadia National Corp. will post $0.13 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 19th will be given a dividend of $0.0625 per share. The ex-dividend date is Thursday, September 15th. This represents a $0.25 annualized dividend and a yield of 1.31%. Leucadia National Corp.’s dividend payout ratio (DPR) is presently -32.47%.

A number of equities research analysts recently commented on the company. Zacks Investment Research raised Leucadia National Corp. from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a research report on Friday, June 24th. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $22.00 price target on shares of Leucadia National Corp. in a research report on Wednesday, June 22nd. Finally, TheStreet raised Leucadia National Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th.

Hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its stake in shares of Leucadia National Corp. by 14.3% in the second quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company’s stock valued at $139,000 after buying an additional 1,000 shares during the period. First Allied Advisory Services Inc. boosted its stake in shares of Leucadia National Corp. by 1.5% in the second quarter. First Allied Advisory Services Inc. now owns 10,335 shares of the company’s stock valued at $173,000 after buying an additional 150 shares during the period. Cedar Wealth Management LLC boosted its stake in shares of Leucadia National Corp. by 51.8% in the second quarter. Cedar Wealth Management LLC now owns 10,170 shares of the company’s stock valued at $176,000 after buying an additional 3,470 shares during the period. Thrivent Financial for Lutherans bought a new stake in shares of Leucadia National Corp. during the second quarter valued at about $178,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Leucadia National Corp. during the second quarter valued at about $182,000. 73.14% of the stock is currently owned by institutional investors and hedge funds.

About Leucadia National Corp.

Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value creation to maximize shareholder value. The Company’s financial services businesses include Jefferies Group LLC (investment banking and capital markets), Leucadia Asset Management (asset management), Berkadia (commercial mortgage banking and servicing), FXCM (a publicly traded company providing online foreign exchange trading), HomeFed Corporation (HomeFed) (a publicly traded real estate company) and Foursight Capital and Chrome Capital (vehicle finance).

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