Anthracite Investment Company Inc. Has $4.56 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Anthracite Investment Company Inc. lessened its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.5% in the fourth quarter, HoldingsChannel reports. The fund owned 11,500 shares of the company’s stock after selling 800 shares during the quarter. Casey’s General Stores makes up approximately 1.6% of Anthracite Investment Company Inc.’s holdings, making the stock its 14th largest holding. Anthracite Investment Company Inc.’s holdings in Casey’s General Stores were worth $4,557,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CASY. YANKCOM Partnership purchased a new stake in Casey’s General Stores in the 4th quarter valued at about $34,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Casey’s General Stores during the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the period. Heck Capital Advisors LLC purchased a new stake in Casey’s General Stores in the fourth quarter worth $79,000. Finally, V Square Quantitative Management LLC lifted its position in shares of Casey’s General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after buying an additional 52 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the topic of several recent research reports. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Evercore ISI dropped their target price on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Finally, Royal Bank of Canada set a $438.00 price objective on Casey’s General Stores and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $423.09.

Insiders Place Their Bets

In related news, Director Mike Spanos bought 256 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the acquisition, the director now directly owns 3,356 shares of the company’s stock, valued at $1,310,652.24. The trade was a 8.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Trading Up 1.2 %

Shares of CASY opened at $417.42 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey’s General Stores, Inc. has a 1-year low of $306.45 and a 1-year high of $445.17. The company has a market capitalization of $15.49 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.40 and a beta of 0.87. The firm’s 50 day simple moving average is $411.05 and its 200 day simple moving average is $401.98.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $2.33 earnings per share. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s payout ratio is currently 13.94%.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.