Capstone Asset Management Co. cut its position in shares of Invacare Corp. (NYSE:IVC) by 1.5% during the third quarter, Holdings Channel reports. The firm owned 13,176 shares of the company’s stock after selling 200 shares during the period. Capstone Asset Management Co.’s holdings in Invacare Corp. were worth $147,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its position in shares of Invacare Corp. by 108.2% in the second quarter. BNP Paribas Arbitrage SA now owns 9,371 shares of the company’s stock worth $114,000 after buying an additional 4,871 shares in the last quarter. Rational Advisors LLC acquired a new position in shares of Invacare Corp. during the second quarter worth approximately $124,000. Profund Advisors LLC acquired a new position in shares of Invacare Corp. during the second quarter worth approximately $125,000. Thrivent Financial for Lutherans increased its position in shares of Invacare Corp. by 7.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,820 shares of the company’s stock worth $180,000 after buying an additional 1,050 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Invacare Corp. by 1.3% in the second quarter. Arizona State Retirement System now owns 15,624 shares of the company’s stock worth $190,000 after buying an additional 200 shares in the last quarter.
Invacare Corp. (NYSE:IVC) opened at 10.74 on Friday. The company’s market cap is $348.72 million. Invacare Corp. has a 12-month low of $9.89 and a 12-month high of $20.41. The firm’s 50-day moving average price is $11.54 and its 200-day moving average price is $11.91.
Invacare Corp. (NYSE:IVC) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by $0.09. The firm had revenue of $275 million for the quarter, compared to analyst estimates of $270.10 million. Invacare Corp. had a negative net margin of 2.81% and a negative return on equity of 5.16%. Invacare Corp.’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.23) EPS. Analysts expect that Invacare Corp. will post ($0.95) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, October 13th will be given a dividend of $0.0125 per share. The ex-dividend date is Tuesday, October 11th. This represents a $0.05 dividend on an annualized basis and a yield of 0.47%. Invacare Corp.’s payout ratio is -5.21%.
A number of research analysts recently commented on IVC shares. KeyCorp set a $17.00 price target on Invacare Corp. and gave the company a “buy” rating in a report on Thursday, October 6th. Zacks Investment Research raised Invacare Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th.
About Invacare Corp.
Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.
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