Royal Fund Management LLC Acquires 3,107 Shares of Vector Group Ltd. (NYSE:VGR)

Royal Fund Management LLC grew its position in shares of Vector Group Ltd. (NYSE:VGR) by 4.8% in the fourth quarter, Holdings Channel reports. The fund owned 68,301 shares of the company’s stock after buying an additional 3,107 shares during the quarter. Royal Fund Management LLC’s holdings in Vector Group were worth $770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC boosted its position in shares of Vector Group by 51.9% during the 3rd quarter. CWM LLC now owns 2,892 shares of the company’s stock valued at $31,000 after acquiring an additional 988 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Vector Group during the 3rd quarter valued at approximately $43,000. Antonetti Capital Management LLC boosted its position in shares of Vector Group by 34.6% during the 3rd quarter. Antonetti Capital Management LLC now owns 5,840 shares of the company’s stock valued at $62,000 after acquiring an additional 1,500 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Vector Group during the 3rd quarter valued at $68,000. Finally, Covestor Ltd raised its holdings in Vector Group by 16.8% during the 3rd quarter. Covestor Ltd now owns 9,902 shares of the company’s stock valued at $106,000 after buying an additional 1,424 shares during the period. 64.09% of the stock is currently owned by institutional investors.

Vector Group Trading Up 4.7 %

NYSE:VGR traded up $0.44 during midday trading on Friday, hitting $9.81. 1,773,513 shares of the company traded hands, compared to its average volume of 1,032,242. The firm’s fifty day moving average is $10.59 and its 200-day moving average is $10.76. Vector Group Ltd. has a 12-month low of $9.27 and a 12-month high of $13.43. The firm has a market capitalization of $1.54 billion, a P/E ratio of 8.46 and a beta of 1.06.

Vector Group (NYSE:VGR) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Vector Group had a net margin of 12.98% and a negative return on equity of 25.62%. The company had revenue of $324.57 million for the quarter, compared to analysts’ expectations of $333.30 million. During the same quarter in the previous year, the company posted $0.22 EPS. On average, research analysts expect that Vector Group Ltd. will post 1.24 EPS for the current fiscal year.

Vector Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, March 1st. This represents a $0.80 annualized dividend and a yield of 8.15%. Vector Group’s payout ratio is presently 68.97%.

Vector Group Profile

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