Seven Eight Capital LP Buys Shares of 109,523 ADT Inc. (NYSE:ADT)

Seven Eight Capital LP bought a new stake in shares of ADT Inc. (NYSE:ADT) during the first quarter, Holdings Channel.com reports. The fund bought 109,523 shares of the security and automation business’s stock, valued at approximately $736,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Janney Montgomery Scott LLC raised its holdings in ADT by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 75,863 shares of the security and automation business’s stock valued at $510,000 after acquiring an additional 2,183 shares during the period. TFO Wealth Partners LLC raised its holdings in ADT by 10,738.7% during the 4th quarter. TFO Wealth Partners LLC now owns 3,360 shares of the security and automation business’s stock valued at $211,000 after acquiring an additional 3,329 shares during the period. BNP Paribas Financial Markets raised its holdings in ADT by 1.1% during the 1st quarter. BNP Paribas Financial Markets now owns 375,429 shares of the security and automation business’s stock valued at $2,523,000 after acquiring an additional 3,931 shares during the period. Blueshift Asset Management LLC raised its holdings in ADT by 20.5% during the 4th quarter. Blueshift Asset Management LLC now owns 27,377 shares of the security and automation business’s stock valued at $187,000 after acquiring an additional 4,661 shares during the period. Finally, Raleigh Capital Management Inc. bought a new stake in ADT during the 4th quarter valued at $36,000. Institutional investors own 87.22% of the company’s stock.

ADT Stock Performance

ADT stock traded down $0.08 during midday trading on Tuesday, reaching $7.82. 3,561,954 shares of the company’s stock traded hands, compared to its average volume of 5,220,827. The company has a 50-day moving average price of $7.37 and a two-hundred day moving average price of $6.87. The firm has a market capitalization of $7.21 billion, a PE ratio of 11.17 and a beta of 1.59. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.56 and a current ratio of 0.71. ADT Inc. has a 52 week low of $5.53 and a 52 week high of $7.92.

ADT (NYSE:ADT) last released its quarterly earnings results on Thursday, April 25th. The security and automation business reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. ADT had a net margin of 12.81% and a return on equity of 15.98%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. As a group, equities analysts anticipate that ADT Inc. will post 0.67 EPS for the current year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Thursday, June 13th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.81%. ADT’s dividend payout ratio (DPR) is currently 31.43%.

ADT Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.