Moore Capital Management LP Reduces Position in VSE Corporation $VSEC

Moore Capital Management LP reduced its position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 63.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,107 shares of the construction company's stock after selling 28,516 shares during the period. Moore Capital Management LP owned about 0.06% of VSE worth $3,680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Emerald Advisers LLC raised its position in shares of VSE by 12.6% during the 1st quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company's stock worth $58,047,000 after acquiring an additional 35,246 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of VSE during the 2nd quarter worth approximately $4,971,000. Emerald Investment Advisers LLC acquired a new position in shares of VSE in the 2nd quarter valued at $5,474,000. Emerald Mutual Fund Advisers Trust grew its position in shares of VSE by 16.4% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 195,915 shares of the construction company's stock valued at $36,127,000 after buying an additional 27,563 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new stake in VSE during the 2nd quarter worth $16,383,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Insider Transactions at VSE

In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the sale, the chief operating officer directly owned 42,839 shares of the company's stock, valued at $8,431,571.98. This trade represents a 13.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John A. Cuomo sold 17,500 shares of VSE stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following the sale, the chief executive officer owned 169,537 shares of the company's stock, valued at approximately $41,111,027.13. This trade represents a 9.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is currently owned by corporate insiders.

VSE Price Performance

VSE stock opened at $208.68 on Tuesday. The firm has a market capitalization of $5.86 billion, a PE ratio of 66.88, a P/E/G ratio of 1.03 and a beta of 1.23. VSE Corporation has a 52 week low of $154.67 and a 52 week high of $247.85. The firm's 50-day simple moving average is $215.83 and its 200 day simple moving average is $202.21. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.82. The company had revenue of $449.14 million for the quarter, compared to the consensus estimate of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. The company's revenue for the quarter was up 65.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 earnings per share. On average, equities research analysts predict that VSE Corporation will post 5.78 EPS for the current fiscal year.

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, October 15th. VSE's dividend payout ratio (DPR) is currently 12.82%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VSEC. Deutsche Bank Aktiengesellschaft upped their target price on VSE from $280.00 to $290.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of VSE from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. Morgan Stanley set a $230.00 target price on shares of VSE in a research note on Wednesday, July 15th. Jefferies Financial Group reiterated a "buy" rating and set a $275.00 price target on shares of VSE in a research note on Sunday, August 9th. Finally, Stifel Nicolaus increased their price target on shares of VSE from $245.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $252.22.

About VSE

VSE Corporation NASDAQ: VSEC is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company's solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE's core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.

Want to see what other hedge funds are holding VSEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VSE Corporation (NASDAQ:VSEC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source