Boyd Group Services Inc. (NYSE:BGSI) to Issue C$0.16 Quarterly Dividend

Boyd Group Services Inc. (NYSE:BGSI) declared a quarterly dividend on Wednesday, June 17th. Investors of record on Tuesday, June 30th will be given a dividend of 0.156 per share on Wednesday, July 29th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

Boyd Group Services Stock Performance

Boyd Group Services stock traded down $5.43 during mid-day trading on Wednesday, hitting $91.29. 35,108 shares of the company traded hands, compared to its average volume of 46,774. Boyd Group Services has a one year low of $90.83 and a one year high of $183.10. The firm has a market capitalization of $2.54 billion, a PE ratio of 138.32 and a beta of 0.71. The company has a current ratio of 3.14, a quick ratio of 3.00 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $111.67.

Boyd Group Services (NYSE:BGSI) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. Boyd Group Services had a net margin of 0.39% and a return on equity of 5.54%. Sell-side analysts predict that Boyd Group Services will post 3.85 EPS for the current year.

Institutional Trading of Boyd Group Services

Institutional investors have recently added to or reduced their stakes in the business. Anson Funds Management LP bought a new position in shares of Boyd Group Services during the first quarter valued at about $2,552,000. Janus Henderson Group PLC lifted its stake in shares of Boyd Group Services by 18.2% in the 1st quarter. Janus Henderson Group PLC now owns 133,564 shares of the company’s stock valued at $17,015,000 after acquiring an additional 20,596 shares during the last quarter. Amundi purchased a new stake in Boyd Group Services during the 1st quarter valued at about $277,000. Cumberland Partners Ltd boosted its holdings in Boyd Group Services by 135.9% during the 1st quarter. Cumberland Partners Ltd now owns 30,900 shares of the company’s stock valued at $3,932,000 after acquiring an additional 17,800 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in Boyd Group Services by 2.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 7,666 shares of the company’s stock worth $975,000 after acquiring an additional 158 shares during the last quarter. 0.17% of the stock is currently owned by hedge funds and other institutional investors.

About Boyd Group Services

Boyd Group Services Inc is a North American operator of collision repair centers that provides vehicle repair, paint and refinishing, and auto glass replacement services. Its locations perform mechanical and cosmetic collision repairs, parts sourcing, and related warranty work, serving retail customers as well as business clients such as insurers and fleet operators. The company’s operations typically include estimating, repair planning, paint and body work, and post-repair quality assurance and customer service.

Headquartered in Winnipeg, Manitoba, Canada, Boyd Group Services operates across both Canada and the United States through a network of company-owned collision repair facilities under various local and regional brand names.