2 weeks Ago By Defense World Staff
Earnest Partners LLC lowered its position in Steelcase Inc. ( NYSE:SCS – Free Report ) by 2.1% during the second quarter, according to its most recent filing with the SEC.
The institutional investor owned 794,024 shares of the business services provider’s stock after selling 17,115 shares during the period. Earnest Partners LLC owned 0.70% of Steelcase worth $10,291,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC acquired a new stake in shares of Steelcase in the fourth quarter valued at about $44,000. Quest Partners LLC acquired a new stake in Steelcase in the 4th quarter valued at about $71,000.
Innealta Capital LLC acquired a new stake in Steelcase in the 2nd quarter valued at about $93,000. SpiderRock Advisors LLC purchased a new position in Steelcase in the 1st quarter worth approximately $135,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Steelcase during the 1st quarter worth approximately $141,000.
Hedge funds and other institutional investors own 92.42% of the company’s stock. Steelcase Trading Up 2.
6 % Shares of SCS opened at $13.21 on Friday. Steelcase Inc.
has a 12-month low of $10.29 and a 12-month high of $14.74.
The firm has a market capitalization of $1.51 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.
28 and a beta of 1.33. The firm has a 50-day moving average price of $13.
47 and a 200 day moving average price of $13.04. The company has a current ratio of 1.
62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.48.
Steelcase Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.10 dividend.
The ex-dividend date is Monday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 3.
03%. Steelcase’s dividend payout ratio is currently 52.63%.
Wall Street Analyst Weigh In Separately, Benchmark lifted their price objective on Steelcase from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, June 21st.
View Our Latest Stock Analysis on SCS Insider Activity In related news, SVP Allan W. Smith, Jr. sold 70,444 shares of the firm’s stock in a transaction dated Monday, July 22nd.
The stock was sold at an average price of $13.84, for a total transaction of $974,944.96.
Following the completion of the sale, the senior vice president now directly owns 184,743 shares of the company’s stock, valued at approximately $2,556,843.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
In other Steelcase news, CAO Nicole Cherie Mcgrath sold 15,749 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $13.94, for a total value of $219,541.
06. Following the sale, the chief accounting officer now owns 18,453 shares of the company’s stock, valued at $257,234.82.
The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, SVP Allan W. Smith, Jr.
sold 70,444 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $13.84, for a total value of $974,944.
96. Following the transaction, the senior vice president now owns 184,743 shares of the company’s stock, valued at $2,556,843.12.
The disclosure for this sale can be found here . Insiders have sold a total of 160,877 shares of company stock valued at $2,228,248 in the last quarter. Insiders own 12.
96% of the company’s stock. Steelcase Company Profile ( Free Report ) Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments.
The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens. Featured Stories Five stocks we like better than Steelcase Energy and Oil Stocks Explained Rocket Lab Stock Soars: Should Investors Chase the Rally? Investing in Construction Stocks KB Home Slips After Earnings: What’s Next for Homebuilders? What is a Death Cross in Stocks? Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Want to see what other hedge funds are holding SCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Steelcase Inc.
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