Clearline Capital LP purchased a new position in shares of ILG Inc (NASDAQ:ILG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 147,223 shares of the business services provider’s stock, valued at approximately $4,193,000. ILG accounts for about 2.2% of Clearline Capital LP’s investment portfolio, making the stock its 14th biggest position. Clearline Capital LP owned about 0.12% of ILG as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Hosking Partners LLP increased its position in ILG by 7.6% in the 4th quarter. Hosking Partners LLP now owns 143,410 shares of the business services provider’s stock valued at $4,084,000 after acquiring an additional 10,117 shares during the period. Hudson Bay Capital Management LP acquired a new stake in ILG in the 4th quarter valued at approximately $12,104,000. Senvest Management LLC increased its position in ILG by 6.2% in the 3rd quarter. Senvest Management LLC now owns 688,448 shares of the business services provider’s stock valued at $18,402,000 after acquiring an additional 40,000 shares during the period. Neuberger Berman Group LLC increased its position in ILG by 35.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 292,092 shares of the business services provider’s stock valued at $7,808,000 after acquiring an additional 75,981 shares during the period. Finally, Advantus Capital Management Inc acquired a new stake in ILG in the 3rd quarter valued at approximately $359,000. Institutional investors and hedge funds own 84.27% of the company’s stock.
ILG Inc (NASDAQ ILG) opened at $34.57 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.86. The stock has a market capitalization of $4,288.73, a price-to-earnings ratio of 31.11 and a beta of 1.52. ILG Inc has a one year low of $18.06 and a one year high of $34.79.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.175 per share. This is a positive change from ILG’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, March 15th. ILG’s dividend payout ratio (DPR) is presently 44.78%.
Several analysts recently commented on ILG shares. Zacks Investment Research upgraded ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. ValuEngine upgraded ILG from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Macquarie started coverage on ILG in a research report on Friday, January 5th. They issued a “neutral” rating on the stock. Finally, BidaskClub upgraded ILG from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $32.00.
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ILG Company Profile
ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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