1 day Ago By ABMN Staff
Greif, Inc. ( NYSE:GEF – Get Free Report ) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 593,800 shares, an increase of 10.
5% from the August 15th total of 537,200 shares. Based on an average daily volume of 175,500 shares, the days-to-cover ratio is presently 3.4 days.
Currently, 2.4% of the shares of the stock are sold short. Greif Price Performance NYSE:GEF traded down $0.
05 during midday trading on Wednesday, hitting $61.87. The company had a trading volume of 142,505 shares, compared to its average volume of 165,307.
The company has a market capitalization of $2.92 billion, a PE ratio of 13.39 and a beta of 0.
91. The company has a quick ratio of 1.28, a current ratio of 1.
70 and a debt-to-equity ratio of 1.35. Greif has a 52-week low of $55.
95 and a 52-week high of $71.36. The stock’s fifty day moving average price is $61.
71 and its 200-day moving average price is $62.59. Greif Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st.
Stockholders of record on Monday, September 16th will be issued a $0.54 dividend. This is a boost from Greif’s previous quarterly dividend of $0.
52. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.
49%. The ex-dividend date of this dividend is Monday, September 16th. Greif’s dividend payout ratio is presently 46.
45%. Analyst Ratings Changes Read Our Latest Stock Analysis on GEF Hedge Funds Weigh In On Greif Large investors have recently modified their holdings of the company. Quarry LP grew its position in Greif by 71.
9% during the second quarter. Quarry LP now owns 545 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 228 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Greif during the 2nd quarter valued at $64,000.
DekaBank Deutsche Girozentrale raised its position in Greif by 80.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 561 shares during the period.
nVerses Capital LLC bought a new stake in Greif in the second quarter worth $80,000. Finally, Quest Partners LLC boosted its position in Greif by 27,766.7% during the second quarter.
Quest Partners LLC now owns 1,672 shares of the industrial products company’s stock valued at $96,000 after buying an additional 1,666 shares during the period. 45.74% of the stock is owned by hedge funds and other institutional investors.
Greif Company Profile ( Get Free Report ) Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.
Further Reading Receive News & Ratings for Greif Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greif and related companies with MarketBeat.com's FREE daily email newsletter ..
