Dynamic Technology Lab Private Ltd Invests $317,000 in Hilltop Holdings Inc. $HTH

Key Points

• Dynamic Technology Lab Private Ltd acquired 10,425 shares of Hilltop Holdings Inc., valued at approximately $317,000, indicating increased institutional interest in the company.
• Hilltop's Chairman, Jonathan S. Sobel, purchased 10,000 shares recently, raising his ownership stake by 8.52% to a total of 127,429 shares valued at over $4.5 million.
• The company reported a quarterly EPS of $0.57, surpassing analysts' expectations, and has announced a quarterly dividend of $0.18, reflecting a 2.1% yield.

Dynamic Technology Lab Private Ltd acquired a new position in Hilltop Holdings Inc. (NYSE:HTH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,425 shares of the financial services provider's stock, valued at approximately $317,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in Hilltop by 0.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 829,412 shares of the financial services provider's stock worth $25,256,000 after purchasing an additional 3,225 shares during the period. Janus Henderson Group PLC boosted its position in shares of Hilltop by 8.8% in the fourth quarter. Janus Henderson Group PLC now owns 644,365 shares of the financial services provider's stock valued at $18,449,000 after acquiring an additional 52,227 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Hilltop by 38.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 546,882 shares of the financial services provider's stock valued at $16,653,000 after acquiring an additional 152,358 shares during the period. Millennium Management LLC boosted its position in shares of Hilltop by 236.4% in the first quarter. Millennium Management LLC now owns 461,206 shares of the financial services provider's stock valued at $14,044,000 after acquiring an additional 324,108 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in shares of Hilltop by 3.6% in the first quarter. Bridgeway Capital Management LLC now owns 364,113 shares of the financial services provider's stock valued at $11,087,000 after acquiring an additional 12,585 shares during the period. Institutional investors own 57.13% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Hilltop from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hilltop currently has a consensus rating of "Hold" and an average price target of $32.00.

Insider Activity

In related news, Chairman Jonathan S. Sobel bought 10,000 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was bought at an average cost of $35.36 per share, for a total transaction of $353,600.00. Following the transaction, the chairman owned 127,429 shares of the company's stock, valued at $4,505,889.44. This represents a 8.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders bought 60,000 shares of company stock worth $2,022,800. 29.90% of the stock is currently owned by insiders.

Hilltop Price Performance

Shares of NYSE:HTH traded down $0.17 during midday trading on Tuesday, reaching $33.77. The company's stock had a trading volume of 315,578 shares, compared to its average volume of 411,952. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $36.13. The company has a market capitalization of $2.13 billion, a P/E ratio of 15.14 and a beta of 0.87. The business's fifty day simple moving average is $32.40 and its 200-day simple moving average is $30.84.

Hilltop (NYSE:HTH - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.16. The firm had revenue of $303.31 million during the quarter, compared to analyst estimates of $310.18 million. Hilltop had a return on equity of 6.46% and a net margin of 8.90%.During the same period last year, the company earned $0.31 earnings per share. On average, analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, August 15th. Hilltop's dividend payout ratio (DPR) is presently 32.29%.

Hilltop Profile

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.