1 day Ago By Defense World Staff
Commonwealth Equity Services LLC boosted its holdings in Frontline plc ( NYSE:FRO – Free Report ) by 234.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,116 shares of the shipping company’s stock after acquiring an additional 24,620 shares during the period.
Commonwealth Equity Services LLC’s holdings in Frontline were worth $905,000 at the end of the most recent quarter. A number of other large investors have also recently bought and sold shares of FRO. Vanguard Group Inc.
raised its holdings in shares of Frontline by 5,319.5% during the first quarter. Vanguard Group Inc.
now owns 5,292,977 shares of the shipping company’s stock valued at $123,750,000 after buying an additional 5,195,312 shares during the last quarter. M&G Plc bought a new stake in shares of Frontline during the first quarter valued at approximately $25,074,000. Forest Avenue Capital Management LP raised its holdings in shares of Frontline by 115.
9% during the fourth quarter. Forest Avenue Capital Management LP now owns 1,057,691 shares of the shipping company’s stock valued at $21,207,000 after buying an additional 567,900 shares during the last quarter. Rovida Advisors Inc.
bought a new stake in shares of Frontline during the fourth quarter valued at approximately $4,260,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of Frontline during the fourth quarter valued at approximately $2,811,000. Institutional investors own 22.
70% of the company’s stock. Frontline Trading Up 0.1 % Frontline stock opened at $23.
24 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.
38 and a current ratio of 1.38. The firm has a market cap of $5.
17 billion, a price-to-earnings ratio of 8.14 and a beta of 0.04.
Frontline plc has a 1 year low of $16.41 and a 1 year high of $29.39.
The firm’s 50 day moving average price is $23.59 and its two-hundred day moving average price is $24.46.
Frontline Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.62 dividend.
The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.48 annualized dividend and a yield of 10.
67%. Frontline’s dividend payout ratio (DPR) is 86.71%.
Wall Street Analysts Forecast Growth A number of equities research analysts have recently weighed in on FRO shares. StockNews.com raised Frontline to a “sell” rating in a report on Thursday, September 5th.
Jefferies Financial Group reiterated a “buy” rating and set a $30.00 price objective on shares of Frontline in a research note on Friday, August 30th. Finally, Evercore ISI lowered their price objective on shares of Frontline from $33.
00 to $32.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock.
According to MarketBeat.com, Frontline has a consensus rating of “Hold” and a consensus price target of $27.58.
Get Our Latest Stock Analysis on Frontline Frontline Profile ( Free Report ) Frontline plc, a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2022, the company operated a fleet of 70 vessels.
It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Limassol, Cyprus. Recommended Stories Five stocks we like better than Frontline Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Why Are Stock Sectors Important to Successful Investing? Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge Where Do I Find 52-Week Highs and Lows? Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for Frontline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontline and related companies with MarketBeat.
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