Campbell & CO Investment Adviser LLC acquired a new stake in The GEO Group Inc (NYSE:GEO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,183 shares of the real estate investment trust’s stock, valued at approximately $144,000.
Other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in shares of The GEO Group in the fourth quarter valued at $5,191,000. Quadrant Capital Group LLC lifted its stake in shares of The GEO Group by 1,100.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,908 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,749 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in shares of The GEO Group by 66.7% in the first quarter. Arkadios Wealth Advisors now owns 2,500 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,000 shares in the last quarter. Central Bank & Trust Co. bought a new position in shares of The GEO Group in the first quarter valued at $57,000. Finally, US Bancorp DE lifted its stake in shares of The GEO Group by 82.2% in the first quarter. US Bancorp DE now owns 3,197 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,442 shares in the last quarter. 75.65% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO George C. Zoley acquired 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was acquired at an average price of $11.24 per share, for a total transaction of $1,686,000.00. Following the completion of the acquisition, the chief executive officer now owns 2,750,000 shares of the company’s stock, valued at approximately $30,910,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard H. Glanton sold 2,100 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $14.65, for a total transaction of $30,765.00. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.
GEO opened at $10.63 on Friday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.24 and a quick ratio of 1.24. The company’s 50-day moving average is $11.62 and its 200 day moving average is $13.28. The GEO Group Inc has a fifty-two week low of $9.95 and a fifty-two week high of $18.64. The firm has a market capitalization of $1.29 billion, a P/E ratio of 8.37, a PEG ratio of 0.47 and a beta of 1.05.
The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 17th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 18.06%. The ex-dividend date of this dividend was Thursday, July 16th. The GEO Group’s payout ratio is currently 69.82%.
GEO has been the topic of a number of recent research reports. Noble Financial initiated coverage on shares of The GEO Group in a research note on Monday, June 29th. They issued an “outperform” rating and a $15.00 price objective on the stock. ValuEngine lowered shares of The GEO Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 13th.
The GEO Group Company Profile
The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.
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