Royal Fund Management LLC Has $800,000 Holdings in Vector Group Ltd. (NYSE:VGR)

Royal Fund Management LLC grew its holdings in Vector Group Ltd. (NYSE:VGR) by 6.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,002 shares of the company’s stock after purchasing an additional 4,701 shares during the period. Royal Fund Management LLC’s holdings in Vector Group were worth $800,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in Vector Group during the third quarter worth $68,000. Covestor Ltd increased its holdings in shares of Vector Group by 16.8% in the third quarter. Covestor Ltd now owns 9,902 shares of the company’s stock valued at $106,000 after purchasing an additional 1,424 shares during the last quarter. Private Portfolio Partners LLC acquired a new position in shares of Vector Group in the fourth quarter valued at $113,000. Financial Counselors Inc. acquired a new position in shares of Vector Group in the fourth quarter valued at $138,000. Finally, Aigen Investment Management LP acquired a new position in shares of Vector Group in the third quarter valued at $150,000. 64.09% of the stock is currently owned by institutional investors and hedge funds.

Vector Group Stock Down 0.2 %

Shares of Vector Group stock traded down $0.02 during trading on Monday, reaching $11.09. The company’s stock had a trading volume of 258,453 shares, compared to its average volume of 1,204,658. The business’s 50-day moving average price is $10.65 and its 200-day moving average price is $10.81. The firm has a market cap of $1.75 billion, a PE ratio of 9.58 and a beta of 1.06. Vector Group Ltd. has a 52 week low of $9.27 and a 52 week high of $13.43.

Vector Group (NYSE:VGR) last announced its earnings results on Wednesday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $324.57 million during the quarter, compared to the consensus estimate of $333.30 million. Vector Group had a net margin of 12.98% and a negative return on equity of 25.89%. During the same period in the previous year, the firm posted $0.22 EPS. Equities analysts predict that Vector Group Ltd. will post 1.16 earnings per share for the current year.

Vector Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, June 5th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.80 annualized dividend and a yield of 7.21%. Vector Group’s dividend payout ratio is 68.97%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of 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.