Penn Capital Management Company LLC Purchases New Shares 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 bought a new stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,151 shares of the construction company's stock, valued at approximately $498,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of VSE by 94.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,608 shares of the construction company's stock valued at $553,000 after acquiring an additional 2,236 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of VSE by 36.5% during the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company's stock valued at $73,000 after acquiring an additional 163 shares in the last quarter. KBC Group NV purchased a new stake in VSE during the 1st quarter worth $99,000. Arizona State Retirement System lifted its holdings in VSE by 15.2% in the 1st quarter. Arizona State Retirement System now owns 5,528 shares of the construction company's stock worth $663,000 after buying an additional 730 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in VSE in the 1st quarter worth $337,000. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Stock Performance

NASDAQ VSEC traded down $1.69 on Friday, hitting $160.06. 58,034 shares of the stock were exchanged, compared to its average volume of 245,523. The company has a market capitalization of $3.31 billion, a PE ratio of 142.91 and a beta of 1.33. The business's fifty day moving average is $143.72 and its 200 day moving average is $127.48. VSE Corporation has a 52 week low of $80.60 and a 52 week high of $169.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.73 and a quick ratio of 1.44.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The construction company reported $0.97 earnings per share for the quarter, beating the consensus estimate 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%. The company's revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. VSE has set its FY 2025 guidance at EPS. Research analysts anticipate that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on VSEC shares. B. Riley lifted their target price on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Truist Financial lifted their target price on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada lifted their target price on VSE from $150.00 to $180.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus 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.