Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Significant Drop in Short Interest

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 1,900 shares, a drop of 75.6% from the December 31st total of 7,800 shares. Based on an average trading volume of 12,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

A hedge fund recently bought a new stake in Cementos Pacasmayo S.A.A. stock. Woodward Diversified Capital LLC bought a new stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 11,000 shares of the construction company’s stock, valued at approximately $58,000.

Cementos Pacasmayo S.A.A. Stock Up 1.2 %

NYSE:CPAC traded up $0.07 during trading hours on Wednesday, hitting $5.77. 1,937 shares of the company’s stock traded hands, compared to its average volume of 6,830. The stock’s fifty day moving average price is $5.68 and its two-hundred day moving average price is $5.75. The firm has a market cap of $489.12 million, a P/E ratio of 10.12 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 1.56. Cementos Pacasmayo S.A.A. has a twelve month low of $5.00 and a twelve month high of $6.65.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $137.76 million during the quarter, compared to analyst estimates of $140.30 million. Cementos Pacasmayo S.A.A. had a net margin of 9.41% and a return on equity of 17.48%. On average, research analysts expect that Cementos Pacasmayo S.A.A. will post 0.64 earnings per share for the current fiscal year.

Cementos Pacasmayo S.A.A. Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Tuesday, December 17th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.5421 per share. This represents a dividend yield of 7.9%. The ex-dividend date of this dividend was Thursday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is presently 87.72%.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company’s cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.