BAE Systems plc (OTCMKTS:BAESY) Short Interest Update

BAE Systems plc (OTCMKTS:BAESY) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 610,900 shares, a decline of 31.9% from the March 15th total of 897,300 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 808,900 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

Separately, Berenberg Bank lowered shares of BAE Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 10th.

Hedge Funds Weigh In On BAE Systems

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of BAE Systems by 10,259.0% during the 1st quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company’s stock worth $15,282,000 after buying an additional 184,046 shares during the last quarter. Altrius Capital Management Inc lifted its stake in BAE Systems by 3.3% in the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after buying an additional 3,662 shares in the last quarter. Sit Investment Associates Inc. increased its position in BAE Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after buying an additional 2,285 shares in the last quarter. Ramirez Asset Management Inc. lifted its position in shares of BAE Systems by 3.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock valued at $3,899,000 after acquiring an additional 2,211 shares in the last quarter. Finally, Confluence Investment Management LLC raised its stake in BAE Systems by 19.3% in the 1st quarter. Confluence Investment Management LLC now owns 10,986 shares of the aerospace company’s stock valued at $903,000 after purchasing an additional 1,777 shares during the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

BAE Systems Trading Up 1.2 %

BAE Systems stock opened at $94.08 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91. BAE Systems has a one year low of $56.19 and a one year high of $94.41. The business has a fifty day moving average of $80.32 and a two-hundred day moving average of $69.11.

BAE Systems Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $1.0442 per share. This is an increase from BAE Systems’s previous dividend of $0.63. The ex-dividend date is Tuesday, April 22nd.

About BAE Systems

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.