Liberty Broadband Corporation (NASDAQ:LBRDA) Announces $0.44 Quarterly Dividend

Key Points

• Liberty Broadband Corporation announced a quarterly dividend of $0.44 per share, with a yield of 2.9%, payable to investors of record by September 30th.
• The company reported better-than-expected quarterly earnings with an EPS of $2.68, exceeding estimates by $1.31, alongside a revenue of $261 million.
• Institutional investors have shown increased interest in Liberty Broadband, with notable stakes being raised by firms such as Franklin Resources Inc. and Farther Finance Advisors LLC.

Liberty Broadband Corporation (NASDAQ:LBRDA - Get Free Report) announced a quarterly dividend on Friday, August 22nd, RTT News reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.4375 per share on Wednesday, September 10th. This represents a c) annualized dividend and a dividend yield of 2.9%.

Liberty Broadband Stock Up 0.9%

Shares of NASDAQ:LBRDA traded up $0.53 during mid-day trading on Wednesday, reaching $61.33. 24,844 shares of the stock were exchanged, compared to its average volume of 155,754. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market cap of $8.80 billion, a P/E ratio of 8.09 and a beta of 0.95. Liberty Broadband has a one year low of $57.34 and a one year high of $102.38. The stock's 50 day simple moving average is $78.68 and its 200-day simple moving average is $83.09.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $2.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $1.31. The business had revenue of $261.00 million during the quarter, compared to the consensus estimate of $251.70 million. Liberty Broadband had a return on equity of 10.89% and a net margin of 103.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LBRDA. JNE Partners LLP bought a new position in Liberty Broadband in the fourth quarter valued at approximately $47,230,000. Westchester Capital Management LLC acquired a new stake in shares of Liberty Broadband in the first quarter valued at approximately $19,622,000. Norges Bank acquired a new stake in shares of Liberty Broadband in the second quarter valued at approximately $21,089,000. LMR Partners LLP acquired a new stake in shares of Liberty Broadband in the second quarter valued at approximately $16,904,000. Finally, Aristeia Capital L.L.C. lifted its position in shares of Liberty Broadband by 9.1% in the fourth quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company's stock valued at $124,586,000 after buying an additional 139,186 shares during the last quarter. 10.29% of the stock is currently owned by institutional investors.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.