Universal Corp (NYSE:UVV) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totalling 451,000 shares, a decline of 16.5% from the May 30th total of 540,000 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average trading volume of 175,100 shares, the short-interest ratio is presently 2.6 days.
In other Universal news, insider James A. Huffman sold 1,745 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $60.50, for a total value of $105,572.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Preston Douglas Wigner sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $56.25, for a total value of $140,625.00. The disclosure for this sale can be found here. Insiders sold a total of 6,107 shares of company stock worth $352,518 in the last 90 days. Company insiders own 2.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UVV. Quadrant Capital Group LLC increased its position in shares of Universal by 627.4% during the 1st quarter. Quadrant Capital Group LLC now owns 531 shares of the company’s stock worth $29,000 after purchasing an additional 458 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in shares of Universal by 442.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 553 shares of the company’s stock worth $31,000 after purchasing an additional 451 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Universal by 55.2% during the 4th quarter. Captrust Financial Advisors now owns 933 shares of the company’s stock worth $51,000 after purchasing an additional 332 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Universal during the 1st quarter worth approximately $205,000. Finally, Creative Planning acquired a new position in shares of Universal during the 1st quarter worth approximately $217,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.
NYSE UVV opened at $60.52 on Friday. The company has a market cap of $1.51 billion, a PE ratio of 13.51 and a beta of 0.72. The company has a 50 day moving average price of $59.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.26 and a quick ratio of 3.50. Universal has a 52 week low of $50.67 and a 52 week high of $76.98.
Universal (NYSE:UVV) last released its earnings results on Wednesday, May 22nd. The company reported $1.26 EPS for the quarter. The firm had revenue of $671.72 million for the quarter. Universal had a return on equity of 8.21% and a net margin of 4.68%.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Monday, July 8th will be paid a $0.76 dividend. This is a boost from Universal’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, July 5th. This represents a $3.04 annualized dividend and a yield of 5.02%.
Universal Company Profile
Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.
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