Pallas Capital Advisors LLC Purchases 73,748 Shares of ADT Inc. (NYSE:ADT)

Pallas Capital Advisors LLC lifted its position in ADT Inc. (NYSE:ADT - Free Report) by 120.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,067 shares of the security and automation business's stock after buying an additional 73,748 shares during the period. Pallas Capital Advisors LLC's holdings in ADT were worth $1,099,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of ADT in the 1st quarter valued at about $35,000. True Wealth Design LLC acquired a new stake in ADT in the 4th quarter valued at approximately $36,000. Headlands Technologies LLC bought a new stake in ADT in the 4th quarter valued at approximately $62,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in ADT during the 4th quarter worth approximately $73,000. Finally, Magnetar Financial LLC acquired a new position in ADT during the 4th quarter worth approximately $73,000. Institutional investors own 87.22% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Apollo Management Holdings Gp, sold 50,000,000 shares of ADT stock in a transaction on Monday, May 12th. The shares were sold at an average price of $8.02, for a total transaction of $401,000,000.00. Following the transaction, the insider now owns 228,650,366 shares in the company, valued at approximately $1,833,775,935.32. The trade was a 17.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ADT. Barclays upgraded shares of ADT from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $7.00 to $9.00 in a report on Friday, April 4th. Royal Bank of Canada restated a "sector perform" rating and set a $9.00 price objective on shares of ADT in a research note on Monday, April 21st.

ADT Stock Performance

Shares of ADT traded down $0.14 during mid-day trading on Friday, hitting $8.10. 10,050,018 shares of the company's stock were exchanged, compared to its average volume of 10,196,941. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.93. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 8.80 and a beta of 1.23. The stock's 50-day simple moving average is $8.16 and its 200-day simple moving average is $7.71. ADT Inc. has a 52 week low of $6.53 and a 52 week high of $8.72.

ADT (NYSE:ADT - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The security and automation business reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.25 billion. ADT had a return on equity of 17.77% and a net margin of 18.18%. ADT's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share. On average, equities research analysts expect that ADT Inc. will post 0.7 EPS for the current year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 12th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.72%. ADT's dividend payout ratio is currently 37.93%.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.