17 hours Ago By ABMN Staff
Investors Title ( NASDAQ:ITIC – Get Free Report ) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 17,800 shares, a growth of 9.2% from the August 15th total of 16,300 shares.
Based on an average daily trading volume, of 22,500 shares, the short-interest ratio is currently 0.8 days. Currently, 1.
3% of the shares of the stock are short sold. Hedge Funds Weigh In On Investors Title A number of large investors have recently added to or reduced their stakes in ITIC. BNP Paribas Financial Markets increased its position in Investors Title by 36.
1% during the first quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 169 shares during the last quarter. Bridge City Capital LLC raised its holdings in Investors Title by 17.
9% during the first quarter. Bridge City Capital LLC now owns 1,877 shares of the insurance provider’s stock worth $306,000 after purchasing an additional 285 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Investors Title by 9.
1% in the 2nd quarter. Rhumbline Advisers now owns 2,088 shares of the insurance provider’s stock valued at $376,000 after acquiring an additional 174 shares during the period. Ritholtz Wealth Management increased its holdings in shares of Investors Title by 55.
0% in the 2nd quarter. Ritholtz Wealth Management now owns 2,480 shares of the insurance provider’s stock valued at $447,000 after acquiring an additional 880 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in Investors Title by 41.
1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,560 shares of the insurance provider’s stock valued at $581,000 after buying an additional 1,037 shares during the last quarter. 41.
40% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes Separately, StockNews.com cut shares of Investors Title from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.
Investors Title Stock Up 1.1 % Shares of NASDAQ ITIC traded up $2.56 during trading hours on Wednesday, hitting $234.
00. 10,810 shares of the stock were exchanged, compared to its average volume of 10,246. The company has a market cap of $440.
86 million, a PE ratio of 17.48 and a beta of 0.85.
The firm has a fifty day moving average price of $210.48 and a 200-day moving average price of $180.77.
Investors Title has a 12 month low of $127.71 and a 12 month high of $235.00.
Investors Title ( NASDAQ:ITIC – Get Free Report ) last released its earnings results on Tuesday, August 6th. The insurance provider reported $4.70 earnings per share for the quarter.
The company had revenue of $65.38 million for the quarter. Investors Title had a net margin of 11.
25% and a return on equity of 10.32%. Investors Title Announces Dividend The company also recently declared a quarterly dividend, which was paid on Monday, September 16th.
Investors of record on Tuesday, September 3rd were issued a dividend of $0.46 per share. This represents a $1.
84 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Tuesday, September 3rd.
Investors Title’s dividend payout ratio (DPR) is presently 13.90%. Investors Title Company Profile ( Get Free Report ) Investors Title Company engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties.
The company underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies. Featured Articles Receive News & Ratings for Investors Title Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Title and related companies with MarketBeat.com's FREE daily email newsletter .
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