Versigent (NYSE:VGNT) Stock: Insider Kevin Clark Sells 47,761 Shares

Versigent (NYSE:VGNT) Director Kevin Clark sold 47,761 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $44.36, for a total transaction of $2,118,677.96. Following the completion of the transaction, the director directly owned 27,571 shares of the company’s stock, valued at approximately $1,223,049.56. This trade represents a 63.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Versigent Stock Up 0.4%

Shares of NYSE:VGNT traded up $0.15 during midday trading on Friday, reaching $44.31. The company had a trading volume of 543,823 shares, compared to its average volume of 1,622,576. The company has a debt-to-equity ratio of 7.29, a quick ratio of 1.09 and a current ratio of 1.40. The company’s 50 day moving average is $46.31. The firm has a market capitalization of $3.14 billion and a PE ratio of 23.08. Versigent has a 1-year low of $26.34 and a 1-year high of $50.88.

Versigent (NYSE:VGNT) last announced its quarterly earnings data 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 company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.29 billion. On average, research analysts expect that Versigent will post 7.23 earnings per share for the current fiscal year.

Versigent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 4th.

Institutional Investors Weigh In On Versigent

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Versigent by 54.8% during the third quarter. GAMMA Investing LLC now owns 2,249 shares of the company’s stock worth $101,000 after purchasing an additional 796 shares during the last quarter. Farther Finance Advisors LLC increased its position in Versigent by 53.1% in the third quarter. Farther Finance Advisors LLC now owns 1,052 shares of the company’s stock worth $47,000 after buying an additional 365 shares during the last quarter. HBK Investments L P bought a new stake in Versigent in the 2nd quarter valued at about $14,439,000. Sequoia Financial Advisors LLC bought a new stake in shares of Versigent in the second quarter valued at approximately $220,000. Finally, IPG Investment Advisors LLC bought a new stake in Versigent during the 2nd quarter valued at $871,000.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Fox Advisors cut shares of Versigent from an “overweight” rating to an “equal weight” rating in a report on Wednesday, August 5th. Weiss Ratings initiated coverage on shares of Versigent in a research note on Wednesday, August 5th. They set a “hold (c)” rating on the stock. Argus lifted their price target on Versigent from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $54.00 price objective on shares of Versigent in a research report on Wednesday, August 5th. Finally, Zacks Research downgraded Versigent from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Versigent currently has an average rating of “Moderate Buy” and a consensus target price of $53.92.

Versigent Company Profile

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.