Hillsdale Investment Management Inc. Grows Holdings in Luxfer Holdings PLC (NYSE:LXFR)

Hillsdale Investment Management Inc. raised its position in Luxfer Holdings PLC (NYSE:LXFR) by 2,131.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 312,400 shares of the industrial products company’s stock after buying an additional 298,400 shares during the period. Hillsdale Investment Management Inc. owned 1.17% of Luxfer worth $4,089,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new position in Luxfer during the fourth quarter valued at about $42,000. Globeflex Capital L P purchased a new position in Luxfer in the fourth quarter valued at about $101,000. XTX Topco Ltd bought a new position in shares of Luxfer during the 3rd quarter valued at approximately $146,000. SG Americas Securities LLC increased its stake in shares of Luxfer by 26.9% during the 4th quarter. SG Americas Securities LLC now owns 12,692 shares of the industrial products company’s stock worth $166,000 after purchasing an additional 2,690 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Luxfer in the 4th quarter worth approximately $173,000. Institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st.

Luxfer Trading Down 2.8 %

Shares of Luxfer stock opened at $11.56 on Friday. The stock has a market capitalization of $309.00 million, a P/E ratio of 35.02, a P/E/G ratio of 1.85 and a beta of 0.93. Luxfer Holdings PLC has a 52-week low of $9.26 and a 52-week high of $15.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.17. The stock’s 50-day simple moving average is $13.32 and its 200 day simple moving average is $13.27.

Luxfer (NYSE:LXFR) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Luxfer had a net margin of 2.37% and a return on equity of 9.26%. The company had revenue of $103.40 million for the quarter, compared to analysts’ expectations of $89.50 million. As a group, research analysts anticipate that Luxfer Holdings PLC will post 0.85 EPS for the current year.

Luxfer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.50%. The ex-dividend date was Monday, January 27th. Luxfer’s dividend payout ratio (DPR) is presently 76.47%.

About Luxfer

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.