HBK Investments L P Takes $14.44 Million Position in Versigent $VGNT

HBK Investments L P bought a new position in shares of Versigent (NYSE:VGNT) in the 2nd quarter, Holdings Channel reports. The fund bought 343,706 shares of the company’s stock, valued at approximately $14,439,000.

Several other hedge funds have also made changes to their positions in the business. Wellington Management Group LLP acquired a new position in Versigent in the 2nd quarter valued at about $940,000. Raiffeisen Bank International AG purchased a new stake in Versigent during the 2nd quarter valued at approximately $1,182,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Versigent during the 2nd quarter worth approximately $2,417,000. Ancora Advisors LLC acquired a new stake in Versigent during the 2nd quarter worth approximately $4,197,000. Finally, Steamboat Capital Partners LLC acquired a new stake in Versigent during the 2nd quarter worth approximately $10,385,000.

Versigent Stock Performance

VGNT traded up $0.15 during trading on Wednesday, reaching $45.34. The company’s stock had a trading volume of 832,780 shares, compared to its average volume of 1,738,343. The company has a debt-to-equity ratio of 7.29, a current ratio of 1.40 and a quick ratio of 1.09. The firm has a fifty day moving average of $44.60. Versigent has a 52-week low of $26.34 and a 52-week high of $50.88. The company has a market capitalization of $3.21 billion and a P/E ratio of 23.61.

Versigent (NYSE:VGNT) last issued its earnings results on Tuesday, August 4th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.34. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Equities analysts predict that Versigent will post 7.23 earnings per share for the current year.

Versigent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 4th.

Insiders Place Their Bets

In other Versigent news, Director Kevin Clark sold 74,130 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $45.67, for a total value of $3,385,517.10. Following the completion of the transaction, the director owned 124,849 shares in the company, valued at approximately $5,701,853.83. This represents a 37.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Analyst Upgrades and Downgrades

VGNT has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on Versigent from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Royal Bank Of Canada upgraded Versigent from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $41.00 to $52.00 in a research note on Wednesday, August 5th. Fox Advisors downgraded Versigent from an “overweight” rating to an “equal weight” rating in a report on Wednesday, August 5th. Weiss Ratings assumed coverage on shares of Versigent in a research report on Wednesday, August 5th. They issued a “hold (c)” rating on the stock. Finally, Argus boosted their price objective on shares of Versigent from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

About Versigent

Versigent PLC is involved in the design, manufacturing and delivery of low and high voltage power electrical architectures. Versigent PLC is based in SCHAFFHAUSEN, Switzerland.