Numerai GP LLC Purchases Shares of 1,423 WD-40 (NASDAQ:WDFC)

Numerai GP LLC purchased a new stake in shares of WD-40 (NASDAQ:WDFC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,423 shares of the specialty chemicals company's stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC lifted its stake in WD-40 by 309.7% during the 3rd quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company's stock valued at $9,566,000 after acquiring an additional 28,039 shares during the period. Janney Montgomery Scott LLC lifted its position in WD-40 by 19.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,757 shares of the specialty chemicals company's stock valued at $669,000 after purchasing an additional 450 shares during the period. Inspire Investing LLC lifted its position in WD-40 by 3.8% during the fourth quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company's stock valued at $402,000 after purchasing an additional 61 shares during the period. Exchange Traded Concepts LLC boosted its holdings in WD-40 by 2.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,120 shares of the specialty chemicals company's stock worth $757,000 after purchasing an additional 86 shares during the last quarter. Finally, Blue Trust Inc. grew its position in WD-40 by 39.9% in the 4th quarter. Blue Trust Inc. now owns 550 shares of the specialty chemicals company's stock worth $142,000 after purchasing an additional 157 shares during the period. 91.52% of the stock is owned by institutional investors.

WD-40 Stock Performance

Shares of WD-40 stock traded down $2.47 during trading hours on Wednesday, reaching $244.16. 7,580 shares of the stock traded hands, compared to its average volume of 100,846. WD-40 has a one year low of $208.00 and a one year high of $292.36. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 46.77 and a beta of 0.17. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average price of $232.63 and a 200 day moving average price of $244.52.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.05. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company had revenue of $146.10 million for the quarter, compared to the consensus estimate of $154.40 million. During the same quarter last year, the firm posted $1.14 earnings per share. The firm's revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts expect that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 18th were issued a $0.94 dividend. The ex-dividend date was Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a yield of 1.54%. WD-40's dividend payout ratio is currently 59.97%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised WD-40 to a "strong-buy" rating in a report on Monday, April 14th.

Insider Buying and Selling

In other news, CFO Sara Kathleen Hyzer bought 256 shares of WD-40 stock in a transaction that occurred on Friday, April 11th. The stock was bought at an average cost of $222.83 per share, with a total value of $57,044.48. Following the acquisition, the chief financial officer now owns 4,072 shares of the company's stock, valued at $907,363.76. The trade was a 6.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by insiders.

WD-40 Company Profile

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.