North Star Investment Management Corp. Sells 7,100 Shares of VSE Corporation (NASDAQ:VSEC)

North Star Investment Management Corp. lessened its stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 53.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,300 shares of the construction company's stock after selling 7,100 shares during the quarter. North Star Investment Management Corp.'s holdings in VSE were worth $756,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in VSEC. Wealth Enhancement Advisory Services LLC boosted its position in VSE by 94.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,608 shares of the construction company's stock worth $553,000 after purchasing an additional 2,236 shares during the period. Park Avenue Securities LLC lifted its stake in shares of VSE by 12.5% in the first quarter. Park Avenue Securities LLC now owns 5,695 shares of the construction company's stock worth $683,000 after buying an additional 635 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of VSE by 26,597.5% during the 1st quarter. GAMMA Investing LLC now owns 10,679 shares of the construction company's stock worth $1,281,000 after buying an additional 10,639 shares during the period. Castleark Management LLC acquired a new position in VSE in the 4th quarter valued at $7,245,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in VSE by 53.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,202 shares of the construction company's stock valued at $3,062,000 after buying an additional 11,153 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Stock Performance

Shares of VSEC traded up $1.33 during trading hours on Thursday, reaching $135.78. 142,245 shares of the company traded hands, compared to its average volume of 221,132. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.12 and a current ratio of 3.90. The stock's fifty day moving average is $124.44 and its 200 day moving average is $113.21. VSE Corporation has a 1-year low of $73.36 and a 1-year high of $140.64. The stock has a market cap of $2.81 billion, a P/E ratio of 169.73 and a beta of 1.28.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.23. The firm had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. VSE had a return on equity of 6.62% and a net margin of 1.41%. The company's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. Equities research analysts anticipate that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. VSE's payout ratio is 50.00%.

Insider Buying and Selling

In other VSE news, Director Anita D. Britt sold 2,869 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $129.38, for a total value of $371,191.22. Following the sale, the director now owns 3,837 shares of the company's stock, valued at $496,431.06. The trade was a 42.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 14.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VSEC. Wall Street Zen upgraded shares of VSE to a "sell" rating in a report on Thursday, March 6th. Truist Financial boosted their price objective on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. B. Riley raised their target price on VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada lifted their price target on VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.17.

VSE Company Profile

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.