Gallacher Capital Management LLC Acquires New Position in Vector Group Ltd. (NYSE:VGR)

Gallacher Capital Management LLC acquired a new stake in shares of Vector Group Ltd. (NYSE:VGR) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,788 shares of the company’s stock, valued at approximately $217,000.

Other large investors have also bought and sold shares of the company. SpiderRock Advisors LLC purchased a new position in Vector Group in the 1st quarter worth about $112,000. Private Portfolio Partners LLC purchased a new position in shares of Vector Group during the fourth quarter valued at approximately $113,000. Financial Counselors Inc. bought a new position in Vector Group during the fourth quarter valued at approximately $138,000. Larson Financial Group LLC purchased a new stake in Vector Group in the first quarter worth approximately $190,000. Finally, Monument Capital Management purchased a new stake in Vector Group in the first quarter worth approximately $195,000. 64.09% of the stock is owned by hedge funds and other institutional investors.

Vector Group Stock Performance

Shares of NYSE VGR traded up $0.13 during midday trading on Friday, hitting $10.98. 273,364 shares of the company’s stock traded hands, compared to its average volume of 1,214,681. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.47 and a beta of 1.03. The firm has a fifty day moving average of $10.80 and a 200 day moving average of $10.76. Vector Group Ltd. has a 1 year low of $9.27 and a 1 year high of $13.43.

Vector Group (NYSE:VGR) last issued 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 negative return on equity of 25.89% and a net margin of 12.98%. The business had revenue of $324.57 million for the quarter, compared to analysts’ expectations of $333.30 million. During the same quarter in the prior year, the business earned $0.22 EPS. On average, equities analysts anticipate that Vector Group Ltd. will post 1.16 earnings per share for the current year.

Vector Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, June 5th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 7.29%. The ex-dividend date was Wednesday, June 5th. Vector Group’s dividend payout ratio (DPR) is currently 68.97%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Vector Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 6th.

About Vector Group

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.