VSE (NASDAQ:VSEC) Upgraded by BidaskClub to Hold

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BidaskClub upgraded shares of VSE (NASDAQ:VSEC) from a sell rating to a hold rating in a research note released on Thursday, BidAskClub reports.

Shares of NASDAQ VSEC traded down $0.28 during trading hours on Thursday, reaching $37.85. The stock had a trading volume of 4,103 shares, compared to its average volume of 24,543. The company has a current ratio of 2.46, a quick ratio of 1.00 and a debt-to-equity ratio of 0.85. The firm has a market cap of $384.06 million, a price-to-earnings ratio of 10.77 and a beta of 1.38. The business’s fifty day moving average price is $30.62 and its two-hundred day moving average price is $29.76. VSE has a 52-week low of $24.06 and a 52-week high of $39.06.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $0.89 earnings per share (EPS) for the quarter. The firm had revenue of $189.11 million during the quarter. VSE had a return on equity of 10.74% and a net margin of 5.05%.

In related news, Director Calvin Scott Koonce bought 2,400 shares of the stock in a transaction on Friday, August 2nd. The stock was bought at an average price of $29.27 per share, for a total transaction of $70,248.00. Following the completion of the acquisition, the director now directly owns 1,840,336 shares in the company, valued at $53,866,634.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.00% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Hendershot Investments Inc. lifted its holdings in VSE by 85.3% during the second quarter. Hendershot Investments Inc. now owns 133,609 shares of the construction company’s stock worth $3,833,000 after buying an additional 61,490 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in VSE by 505.7% during the first quarter. BNP Paribas Arbitrage SA now owns 1,817 shares of the construction company’s stock worth $57,000 after buying an additional 1,517 shares during the period. Dimensional Fund Advisors LP lifted its holdings in VSE by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 617,376 shares of the construction company’s stock worth $18,466,000 after buying an additional 15,015 shares during the period. Bank of America Corp DE lifted its holdings in VSE by 7.0% during the fourth quarter. Bank of America Corp DE now owns 6,162 shares of the construction company’s stock worth $184,000 after buying an additional 401 shares during the period. Finally, FIL Ltd lifted its holdings in VSE by 25.0% during the first quarter. FIL Ltd now owns 125,000 shares of the construction company’s stock worth $3,948,000 after buying an additional 25,000 shares during the period. Institutional investors own 68.84% of the company’s stock.

About VSE

VSE Corporation operates as a diversified services and supply company in the United States. The company operates in three segments: Supply Chain Management Group, Aviation Group, and Federal Services Group. The Supply Chain Management Group segment offers sourcing, acquisition, scheduling, transportation, shipping, logistics, data management, and other services to assist its clients with supply chain management.

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