Versigent $VGNT Position Raised by Rock Creek Group LLC

Rock Creek Group LLC grew its position in shares of Versigent (NYSE:VGNT) by 67.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,435 shares of the company’s stock after acquiring an additional 13,435 shares during the quarter. Rock Creek Group LLC’s holdings in Versigent were worth $1,503,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VGNT. Allianz Asset Management GmbH bought a new position in shares of Versigent during the 2nd quarter worth approximately $20,602,000. HBK Investments L P bought a new stake in shares of Versigent in the second quarter worth $14,439,000. William Blair Investment Management LLC bought a new stake in shares of Versigent in the third quarter worth $11,751,000. Steamboat Capital Partners LLC acquired a new position in Versigent during the second quarter worth $10,385,000. Finally, WINTON GROUP Ltd acquired a new position in Versigent during the second quarter worth $8,397,000.

Insider Transactions at Versigent

In other Versigent news, Director Kevin Clark sold 47,761 shares of the company’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $44.36, for a total transaction of $2,118,677.96. Following the sale, the director directly owned 27,571 shares of the company’s stock, valued at approximately $1,223,049.56. This represents a 63.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 220,000 shares of company stock worth $10,065,848 over the last 90 days.

Analysts Set New Price Targets

VGNT has been the subject of a number of analyst reports. Zacks Research downgraded shares of Versigent from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Wells Fargo & Company lifted their price target on shares of Versigent from $48.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. TD Cowen boosted their price target on shares of Versigent from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. The Goldman Sachs Group cut their price target on shares of Versigent from $59.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Finally, Evercore restated an “outperform” rating and set a $65.00 price objective on shares of Versigent in a research note on Monday, August 10th. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Versigent has an average rating of “Moderate Buy” and an average target price of $55.08.

Versigent Stock Down 0.8%

Shares of Versigent stock traded down $0.34 on Friday, reaching $42.12. 449,859 shares of the company were exchanged, compared to its average volume of 865,765. Versigent has a one year low of $26.34 and a one year high of $50.88. The company has a market capitalization of $2.98 billion and a price-to-earnings ratio of 11.00. The company has a current ratio of 1.43, a quick ratio of 1.11 and a debt-to-equity ratio of 5.69. The company has a 50-day moving average of $44.26 and a 200 day moving average of $42.67.

Versigent (NYSE:VGNT) last released its quarterly earnings data on Wednesday, November 4th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.79 by $0.12. Versigent had a return on equity of 88.25% and a net margin of 5.47%. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.42 billion. On average, equities research analysts forecast that Versigent will post 7.37 earnings per share for the current year.

Versigent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, December 4th.

About Versigent

Versigent PLC is involved in the design, manufacturing and delivery of low and high voltage power electrical architectures. Versigent PLC is based in SCHAFFHAUSEN, Switzerland.