VSE Co. (NASDAQ:VSEC) Sees Large Growth in Short Interest

VSE Co. (NASDAQ:VSEC) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 170,000 shares, an increase of 22.6% from the May 30th total of 138,700 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 22,700 shares, the days-to-cover ratio is presently 7.5 days.

NASDAQ:VSEC opened at $26.02 on Friday. The company has a market capitalization of $285.44 million, a price-to-earnings ratio of 8.23 and a beta of 1.43. VSE has a 52-week low of $24.06 and a 52-week high of $50.66. The company’s fifty day simple moving average is $26.36. The company has a quick ratio of 1.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.87.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.60 earnings per share (EPS) for the quarter. VSE had a return on equity of 10.67% and a net margin of 5.02%. The firm had revenue of $169.92 million during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, July 16th. This represents a $0.36 annualized dividend and a yield of 1.38%. This is a positive change from VSE’s previous quarterly dividend of $0.08.

Separately, BidaskClub lowered YRC Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th.

In other VSE news, Director Calvin Scott Koonce acquired 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of $26.37 per share, with a total value of $87,021.00. Following the completion of the purchase, the director now owns 1,837,936 shares of the company’s stock, valued at $48,466,372.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thomas R. Loftus acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $27.60 per share, with a total value of $69,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 9,800 shares of company stock valued at $265,641. 21.00% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. United Services Automobile Association lifted its stake in VSE by 7.4% during the fourth quarter. United Services Automobile Association now owns 32,088 shares of the construction company’s stock worth $960,000 after purchasing an additional 2,200 shares during the last quarter. BlackRock Inc. lifted its stake in VSE by 1.7% during the fourth quarter. BlackRock Inc. now owns 626,134 shares of the construction company’s stock worth $18,726,000 after purchasing an additional 10,264 shares during the last quarter. First Trust Advisors LP lifted its stake in VSE by 18.6% during the fourth quarter. First Trust Advisors LP now owns 15,488 shares of the construction company’s stock worth $463,000 after purchasing an additional 2,432 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in VSE by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 617,376 shares of the construction company’s stock worth $18,466,000 after purchasing an additional 15,015 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its stake in VSE by 376.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,186 shares of the construction company’s stock worth $95,000 after purchasing an additional 2,518 shares during the last quarter. 69.02% of the stock is owned by hedge funds and other institutional investors.

About VSE

VSE Corporation operates as a diversified services and supply company in the United States. The company operates in three segments: Supply Chain Management Group, Aviation Group, and Federal Services Group. The Supply Chain Management Group segment offers sourcing, acquisition, scheduling, transportation, shipping, logistics, data management, and other services to assist its clients with supply chain management.

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