Glazer Capital LLC purchased a new position in Versum Materials Inc (NYSE:VSM) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 100,000 shares of the basic materials company’s stock, valued at approximately $5,158,000.
A number of other large investors have also bought and sold shares of the stock. Natixis increased its holdings in shares of Versum Materials by 600.9% during the second quarter. Natixis now owns 2,243,714 shares of the basic materials company’s stock worth $115,731,000 after buying an additional 1,923,595 shares in the last quarter. CNH Partners LLC acquired a new stake in shares of Versum Materials during the first quarter worth approximately $89,312,000. Alpine Associates Management Inc. acquired a new stake in shares of Versum Materials during the first quarter worth approximately $70,340,000. Carlson Capital L P increased its holdings in shares of Versum Materials by 354.9% during the second quarter. Carlson Capital L P now owns 1,481,693 shares of the basic materials company’s stock worth $76,426,000 after buying an additional 1,155,956 shares in the last quarter. Finally, OZ Management LP acquired a new stake in shares of Versum Materials during the first quarter worth approximately $57,869,000. 92.84% of the stock is owned by hedge funds and other institutional investors.
Shares of VSM traded down $0.02 during mid-day trading on Friday, hitting $52.26. 1,763,905 shares of the company traded hands, compared to its average volume of 738,384. Versum Materials Inc has a one year low of $25.02 and a one year high of $52.58. The company has a current ratio of 4.33, a quick ratio of 3.12 and a debt-to-equity ratio of 4.77. The business has a 50-day moving average of $52.01 and a 200 day moving average of $51.43. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 22.24 and a beta of 1.65.
Versum Materials (NYSE:VSM) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.05). Versum Materials had a net margin of 5.87% and a return on equity of 99.97%. The company had revenue of $324.30 million for the quarter, compared to the consensus estimate of $351.13 million. During the same period last year, the company earned $0.63 earnings per share. Versum Materials’s revenue for the quarter was down 7.3% compared to the same quarter last year. As a group, analysts anticipate that Versum Materials Inc will post 2.3 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. Versum Materials’s dividend payout ratio (DPR) is currently 13.62%.
Separately, Zacks Investment Research lowered shares of Versum Materials from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.50.
Versum Materials Profile
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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