Vector Group Ltd. (NYSE:VGR) Sees Significant Increase in Short Interest

Vector Group Ltd. (NYSE:VGRGet Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 3,940,000 shares, a growth of 17.6% from the April 30th total of 3,350,000 shares. Currently, 3.0% of the company’s shares are short sold. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is presently 3.7 days.

Hedge Funds Weigh In On Vector Group

Institutional investors have recently modified their holdings of the stock. Deutsche Bank AG grew its position in shares of Vector Group by 95.7% during the 3rd quarter. Deutsche Bank AG now owns 534,358 shares of the company’s stock worth $5,686,000 after buying an additional 261,358 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Vector Group by 14.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 822,119 shares of the company’s stock worth $8,747,000 after buying an additional 101,171 shares during the period. Invesco Ltd. grew its position in shares of Vector Group by 24.2% during the 3rd quarter. Invesco Ltd. now owns 1,249,177 shares of the company’s stock worth $13,291,000 after buying an additional 243,214 shares during the period. Thompson Siegel & Walmsley LLC grew its position in shares of Vector Group by 14.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 438,528 shares of the company’s stock worth $4,666,000 after buying an additional 56,538 shares during the period. Finally, Ritholtz Wealth Management grew its position in shares of Vector Group by 57.7% during the 4th quarter. Ritholtz Wealth Management now owns 57,953 shares of the company’s stock worth $654,000 after buying an additional 21,195 shares during the period. 64.09% of the stock is currently owned by institutional investors and hedge funds.

Vector Group Trading Up 0.5 %

Shares of NYSE:VGR opened at $10.97 on Monday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 9.46 and a beta of 1.06. Vector Group has a 1-year low of $9.27 and a 1-year high of $13.43. The business has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $10.81.

Vector Group (NYSE:VGRGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $324.57 million for the quarter, compared to the consensus estimate of $333.30 million. Vector Group had a negative return on equity of 25.89% and a net margin of 12.98%. During the same period in the prior year, the firm posted $0.22 earnings per share. As a group, equities analysts predict that Vector Group will post 1.16 EPS for the current year.

Vector Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.80 annualized dividend and a dividend yield of 7.29%. Vector Group’s payout ratio is currently 68.97%.

About Vector Group

(Get Free Report)

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20's, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

Read More

Receive News & Ratings for Vector Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vector Group and related companies with MarketBeat.com's FREE daily email newsletter.