Penn Capital Management Company LLC Invests $498,000 in VSE Corporation $VSEC

Key Points

• Penn Capital Management Company LLC invested approximately $498,000 in VSE Corporation, acquiring 4,151 shares in the first quarter of the year.
• VSE Corporation saw a significant increase in revenue, reporting a 41.1% year-over-year growth and earnings per share of $0.97, surpassing analysts' expectations.
• The company has declared a quarterly dividend of $0.10 per share, which is set to be paid on October 29th, with an annualized dividend yield of 0.2%.

Penn Capital Management Company LLC acquired a new position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,151 shares of the construction company's stock, valued at approximately $498,000.

A number of other hedge funds have also modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its stake in shares of VSE by 25.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,537,378 shares of the construction company's stock worth $304,460,000 after purchasing an additional 511,214 shares in the last quarter. Vanguard Group Inc. grew its stake in VSE by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 1,081,004 shares of the construction company's stock worth $129,710,000 after acquiring an additional 9,459 shares during the period. Ameriprise Financial Inc. grew its stake in VSE by 48.5% in the 1st quarter. Ameriprise Financial Inc. now owns 1,063,832 shares of the construction company's stock worth $127,654,000 after acquiring an additional 347,664 shares during the period. Neuberger Berman Group LLC grew its stake in VSE by 100.5% in the 1st quarter. Neuberger Berman Group LLC now owns 755,461 shares of the construction company's stock worth $90,648,000 after acquiring an additional 378,661 shares during the period. Finally, Durable Capital Partners LP grew its stake in VSE by 55.4% in the 4th quarter. Durable Capital Partners LP now owns 609,583 shares of the construction company's stock worth $57,971,000 after acquiring an additional 217,439 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

VSE Stock Up 2.5%

Shares of VSEC opened at $167.00 on Friday. The firm has a market cap of $3.45 billion, a PE ratio of 149.11 and a beta of 1.33. The company's fifty day moving average is $141.35 and its two-hundred day moving average is $126.00. VSE Corporation has a fifty-two week low of $80.60 and a fifty-two week high of $169.00. The company has a quick ratio of 1.44, a current ratio of 3.73 and a debt-to-equity ratio of 0.38.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.28. The company had revenue of $272.14 million for the quarter, compared to analyst estimates of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.25%. VSE's revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter last year, the business earned $0.47 EPS. VSE has set its FY 2025 guidance at EPS. Analysts forecast that VSE Corporation will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 15th. VSE's dividend payout ratio (DPR) is 35.71%.

Analyst Ratings Changes

VSEC has been the subject of several recent analyst reports. B. Riley lifted their target price on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada lifted their target price on shares of VSE from $150.00 to $180.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Truist Financial lifted their target price on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $145.00.

VSE 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.

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