Campbell & CO Investment Adviser LLC Purchases New Stake in Vector Group Ltd (NYSE:VGR)

Campbell & CO Investment Adviser LLC bought a new position in Vector Group Ltd (NYSE:VGR) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 27,787 shares of the company’s stock, valued at approximately $300,000.

Other large investors have also modified their holdings of the company. NumerixS Investment Technologies Inc increased its stake in Vector Group by 207.3% in the 1st quarter. NumerixS Investment Technologies Inc now owns 27,502 shares of the company’s stock worth $298,000 after buying an additional 18,551 shares during the period. HCR Wealth Advisors increased its stake in Vector Group by 45.5% in the 1st quarter. HCR Wealth Advisors now owns 34,435 shares of the company’s stock worth $375,000 after buying an additional 10,762 shares during the period. Royce & Associates LP increased its stake in Vector Group by 28.3% in the 1st quarter. Royce & Associates LP now owns 4,845 shares of the company’s stock worth $52,000 after buying an additional 1,068 shares during the period. JPMorgan Chase & Co. increased its stake in Vector Group by 24.9% in the 1st quarter. JPMorgan Chase & Co. now owns 478,673 shares of the company’s stock worth $5,165,000 after buying an additional 95,456 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Vector Group by 7.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 51,447 shares of the company’s stock worth $555,000 after buying an additional 3,640 shares during the period. Institutional investors own 52.34% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of Vector Group from a “hold” rating to a “sell” rating in a research note on Thursday, May 16th.

Shares of NYSE:VGR traded down $0.14 during trading on Monday, hitting $9.61. 845,294 shares of the stock traded hands, compared to its average volume of 1,143,980. The stock has a market capitalization of $1.38 billion, a P/E ratio of 16.57 and a beta of 0.74. The business’s fifty day simple moving average is $9.60. Vector Group Ltd has a 52-week low of $8.62 and a 52-week high of $19.42.

Vector Group (NYSE:VGR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.07). The company had revenue of $420.90 million during the quarter, compared to analysts’ expectations of $437.00 million. Vector Group had a negative return on equity of 18.17% and a net margin of 3.54%. Vector Group’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. Sell-side analysts forecast that Vector Group Ltd will post 0.37 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Tuesday, June 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 16.65%. The ex-dividend date of this dividend was Monday, June 17th. Vector Group’s payout ratio is presently 275.86%.

About Vector Group

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

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Institutional Ownership by Quarter for Vector Group (NYSE:VGR)

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