Lecap Asset Management Ltd. Has $220,000 Stock Position in Spectrum Brands Holdings Inc. (NYSE:SPB)

Lecap Asset Management Ltd. trimmed its position in Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) by 68.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,079 shares of the company's stock after selling 6,735 shares during the period. Lecap Asset Management Ltd.'s holdings in Spectrum Brands were worth $220,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ieq Capital LLC bought a new position in shares of Spectrum Brands in the 4th quarter valued at about $562,000. Proficio Capital Partners LLC acquired a new position in shares of Spectrum Brands during the 4th quarter worth approximately $2,463,000. Versor Investments LP acquired a new position in shares of Spectrum Brands during the 4th quarter worth approximately $331,000. Anchor Capital Advisors LLC raised its position in shares of Spectrum Brands by 1.2% in the fourth quarter. Anchor Capital Advisors LLC now owns 15,596 shares of the company's stock valued at $1,318,000 after purchasing an additional 184 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Spectrum Brands during the fourth quarter worth approximately $50,000.

Insider Buying and Selling at Spectrum Brands

In other news, CEO David M. Maura sold 5,180 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $63.77, for a total transaction of $330,328.60. Following the completion of the sale, the chief executive officer now directly owns 718,427 shares of the company's stock, valued at $45,814,089.79. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Monness Crespi & Hardt dropped their target price on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Canaccord Genuity Group set a $77.00 price objective on shares of Spectrum Brands and gave the company a "buy" rating in a research report on Wednesday. UBS Group increased their target price on shares of Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company reduced their price objective on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.00.

Spectrum Brands Stock Up 2.7%

Shares of NYSE SPB opened at $53.35 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.34 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.31 billion, a PE ratio of 25.53 and a beta of 0.93. The company's fifty day simple moving average is $58.97 and its 200 day simple moving average is $71.42. Spectrum Brands Holdings Inc. has a 12-month low of $50.73 and a 12-month high of $96.62.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). The company had revenue of $675.70 million for the quarter, compared to the consensus estimate of $701.00 million. Spectrum Brands had a return on equity of 5.20% and a net margin of 2.02%. Spectrum Brands's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.62 EPS. As a group, sell-side analysts forecast that Spectrum Brands Holdings Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.88 dividend on an annualized basis and a yield of 3.52%. Spectrum Brands's dividend payout ratio (DPR) is presently 89.95%.

About Spectrum Brands

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.

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