Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $21.05 and traded as low as $20.60. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $20.60, with a volume of 3,234 shares trading hands.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Down 0.9%

The business’s 50 day moving average is $21.05 and its 200 day moving average is $20.55.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.4766 per share. This represents a $1.91 annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Wednesday, April 1st.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. acquired a new position in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 26,275 shares of the company’s stock, valued at approximately $546,000.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

Hovnanian Enterprises, Inc is a publicly traded homebuilding company active primarily in the United States. Through its network of land development and construction operations, the company designs, builds and sells single-family detached and attached homes, condominiums and active-adult communities. In addition to its core homebuilding business, Hovnanian provides financing, mortgage banking, title insurance and closing services to homebuyers through its wholly owned financial services subsidiaries.

Founded in 1959 by Kevork S.