Penn Capital Management Co. Inc. lowered its stake in shares of Versum Materials Inc (NYSE:VSM) by 66.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 87,889 shares of the basic materials company’s stock after selling 175,929 shares during the period. Penn Capital Management Co. Inc. owned approximately 0.08% of Versum Materials worth $4,913,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Versum Materials during the 4th quarter worth approximately $29,000. Royal London Asset Management Ltd. purchased a new position in shares of Versum Materials during the 1st quarter worth approximately $30,000. Reilly Financial Advisors LLC boosted its position in shares of Versum Materials by 1,300.0% during the 1st quarter. Reilly Financial Advisors LLC now owns 700 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 650 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Versum Materials by 2,706.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,206,818 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 1,163,813 shares during the period. Finally, Fort L.P. purchased a new position in shares of Versum Materials during the 4th quarter worth approximately $48,000. 83.31% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on VSM shares. Loop Capital raised shares of Versum Materials from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Zacks Investment Research raised shares of Versum Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Jefferies Financial Group cut shares of Versum Materials from a “buy” rating to a “hold” rating and increased their price objective for the stock from $44.00 to $47.00 in a research report on Monday, March 4th. Argus cut shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Monday, March 25th. Finally, Stifel Nicolaus cut shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.60.
Versum Materials stock opened at $51.51 on Thursday. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 21.94 and a beta of 2.06. Versum Materials Inc has a 52-week low of $25.02 and a 52-week high of $52.58. The company has a current ratio of 5.27, a quick ratio of 4.03 and a debt-to-equity ratio of 3.18.
Versum Materials (NYSE:VSM) last released its earnings results on Tuesday, May 7th. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.57. The company had revenue of $326.20 million for the quarter, compared to analyst estimates of $340.56 million. Versum Materials had a net margin of 16.74% and a return on equity of 109.04%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS. Equities analysts expect that Versum Materials Inc will post 2.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, May 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.62%. Versum Materials’s dividend payout ratio (DPR) is presently 13.62%.
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About Versum Materials
Versum Materials, Inc develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. The company operates through two segments, Materials, and Delivery Systems and Services (DS&S).
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