Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Invacare Corp. (NYSE:IVC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,250 shares of the company’s stock, valued at approximately $282,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.07% of Invacare Corp. as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVC. BNP Paribas Arbitrage SA raised its position in 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. Arizona State Retirement System raised its position in Invacare Corp. by 4.0% in the first quarter. Arizona State Retirement System now owns 15,424 shares of the company’s stock worth $203,000 after buying an additional 600 shares in the last quarter. Menta Capital LLC bought a new position in Invacare Corp. during the first quarter worth about $212,000. Royal Bank of Canada raised its position in Invacare Corp. by 4.3% in the first quarter. Royal Bank of Canada now owns 16,233 shares of the company’s stock worth $214,000 after buying an additional 670 shares in the last quarter. Finally, Springbok Capital Management LLC raised its position in Invacare Corp. by 78.4% in the first quarter. Springbok Capital Management LLC now owns 22,300 shares of the company’s stock worth $294,000 after buying an additional 9,800 shares in the last quarter. Institutional investors and hedge funds own 90.80% of the company’s stock.
Shares of Invacare Corp. (NYSE:IVC) traded down 0.0009% on Thursday, reaching $10.9499. The company’s stock had a trading volume of 125,280 shares. Invacare Corp. has a 52 week low of $9.89 and a 52 week high of $20.41. The stock’s market capitalization is $355.53 million. The stock has a 50-day moving average of $11.73 and a 200 day moving average of $12.00.
Invacare Corp. (NYSE:IVC) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.24) by $0.09. Invacare Corp. had a negative return on equity of 5.16% and a negative net margin of 2.81%. The business had revenue of $275 million for the quarter, compared to analyst estimates of $270.10 million. During the same period in the prior year, the firm posted ($0.23) EPS. Invacare Corp.’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts expect that Invacare Corp. will post ($0.95) EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, October 13th will be issued a $0.0125 dividend. The ex-dividend date of this dividend is Tuesday, October 11th. This represents a $0.05 annualized dividend and a yield of 0.46%. Invacare Corp.’s dividend payout ratio (DPR) is -5.21%.
Separately, Zacks Investment Research lowered Invacare Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd.
Invacare Corp. Company Profile
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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