1 week Ago By ABMN Staff
Great Lakes Advisors LLC lowered its stake in shares of Ardmore Shipping Co. ( NYSE:ASC – Free Report ) by 3.5% during the second quarter, HoldingsChannel reports.
The fund owned 351,200 shares of the shipping company’s stock after selling 12,884 shares during the quarter. Great Lakes Advisors LLC’s holdings in Ardmore Shipping were worth $7,913,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds have also bought and sold shares of ASC.
Victory Capital Management Inc. bought a new position in Ardmore Shipping during the fourth quarter worth $143,000. Invst LLC bought a new position in Ardmore Shipping during the fourth quarter worth $159,000.
Dimensional Fund Advisors LP increased its holdings in Ardmore Shipping by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,758,657 shares of the shipping company’s stock valued at $38,870,000 after buying an additional 56,984 shares during the period.
Advisor OS LLC bought a new stake in Ardmore Shipping in the 4th quarter valued at $141,000. Finally, Quadrant Capital Group LLC increased its holdings in Ardmore Shipping by 87.3% in the 4th quarter.
Quadrant Capital Group LLC now owns 4,382 shares of the shipping company’s stock valued at $62,000 after buying an additional 2,042 shares during the period. Institutional investors own 62.22% of the company’s stock.
Ardmore Shipping Stock Down 1.1 % ASC opened at $17.22 on Monday.
Ardmore Shipping Co. has a twelve month low of $11.78 and a twelve month high of $23.
44. The firm’s 50-day simple moving average is $19.88 and its 200-day simple moving average is $19.
14. The firm has a market cap of $699.60 million, a price-to-earnings ratio of 6.
60 and a beta of 0.35. The company has a debt-to-equity ratio of 0.
07, a quick ratio of 3.18 and a current ratio of 3.50.
Ardmore Shipping Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.38 dividend.
The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a yield of 8.
83%. Ardmore Shipping’s dividend payout ratio (DPR) is presently 58.24%.
Wall Street Analyst Weigh In Several brokerages have issued reports on ASC. Jefferies Financial Group boosted their price target on shares of Ardmore Shipping from $21.00 to $24.
00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com lowered shares of Ardmore Shipping from a “buy” rating to a “hold” rating in a report on Friday, August 30th.
Stifel Nicolaus boosted their price target on shares of Ardmore Shipping from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, July 24th.
Finally, Evercore ISI boosted their price target on shares of Ardmore Shipping from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd.
View Our Latest Analysis on ASC Ardmore Shipping Company Profile ( Free Report ) Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers.
Further Reading Want to see what other hedge funds are holding ASC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ardmore Shipping Co. ( NYSE:ASC – Free Report ).
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