21,705 Shares in Sirius XM Holdings Inc. (NASDAQ:SIRI) Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new stake in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,705 shares of the company's stock, valued at approximately $489,000.

Several other institutional investors also recently bought and sold shares of SIRI. Xponance Inc. boosted its stake in shares of Sirius XM by 4.5% in the 4th quarter. Xponance Inc. now owns 12,341 shares of the company's stock worth $281,000 after buying an additional 527 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Sirius XM by 4.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company's stock worth $339,000 after buying an additional 630 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Sirius XM by 4.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company's stock worth $358,000 after buying an additional 643 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Sirius XM by 5.9% in the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company's stock worth $325,000 after buying an additional 791 shares during the last quarter. Finally, Northeast Financial Consultants Inc boosted its stake in shares of Sirius XM by 5.8% in the 4th quarter. Northeast Financial Consultants Inc now owns 16,035 shares of the company's stock worth $366,000 after buying an additional 885 shares during the last quarter. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SIRI. Rosenblatt Securities lowered their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Barrington Research reiterated an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a research report on Friday, May 2nd. Finally, Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Six analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $26.65.

Insider Transactions at Sirius XM

In related news, Director Kristina Salen sold 1,651 shares of Sirius XM stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total value of $36,767.77. Following the completion of the transaction, the director now owns 15,471 shares in the company, valued at approximately $344,539.17. This trade represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.32% of the company's stock.

Sirius XM Price Performance

Shares of SIRI stock traded up $0.61 during trading hours on Monday, hitting $21.90. The stock had a trading volume of 2,647,659 shares, compared to its average volume of 5,127,508. Sirius XM Holdings Inc. has a one year low of $18.69 and a one year high of $41.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The stock's 50-day moving average price is $21.46 and its two-hundred day moving average price is $22.82. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of -3.42, a PEG ratio of 0.79 and a beta of 0.91.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the firm posted $0.07 earnings per share. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. Equities analysts forecast that Sirius XM Holdings Inc. will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.93%. Sirius XM's dividend payout ratio (DPR) is -16.56%.

Sirius XM Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.