Calamos Advisors LLC Invests $1.06 Million in VSE Co. (NASDAQ:VSEC)

Calamos Advisors LLC acquired a new position in shares of VSE Co. (NASDAQ:VSEC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,380 shares of the construction company's stock, valued at approximately $1,058,000. Calamos Advisors LLC owned about 0.10% of VSE at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of VSE during the 3rd quarter worth $294,000. Bank of New York Mellon Corp raised its stake in shares of VSE by 9.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 89,374 shares of the construction company's stock worth $4,508,000 after purchasing an additional 7,659 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of VSE during the 3rd quarter worth $135,000. Roubaix Capital LLC raised its stake in shares of VSE by 17.2% during the 3rd quarter. Roubaix Capital LLC now owns 91,443 shares of the construction company's stock worth $4,612,000 after purchasing an additional 13,436 shares during the period. Finally, TD Asset Management Inc bought a new stake in shares of VSE during the 3rd quarter worth $1,609,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

VSE Stock Performance

VSE stock traded up $0.75 during midday trading on Monday, reaching $76.43. The stock had a trading volume of 37,896 shares, compared to its average volume of 88,325. VSE Co. has a 12 month low of $41.17 and a 12 month high of $83.00. The firm's 50-day moving average price is $75.77 and its 200 day moving average price is $65.54. The firm has a market capitalization of $1.21 billion, a PE ratio of 31.85 and a beta of 1.67. The company has a quick ratio of 0.95, a current ratio of 2.70 and a debt-to-equity ratio of 0.66.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, May 1st. VSE's dividend payout ratio is presently 16.67%.

Analyst Ratings Changes

A number of research firms have recently commented on VSEC. Truist Financial lifted their target price on VSE from $77.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Benchmark restated a "buy" rating and issued a $85.00 price objective on shares of VSE in a research note on Tuesday, April 16th. Finally, StockNews.com cut VSE from a "hold" rating to a "sell" rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $78.25.

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.