Nationwide Fund Advisors Has $2.27 Million Position in International Speedway Corp (ISCA)

Nationwide Fund Advisors cut its position in shares of International Speedway Corp (NASDAQ:ISCA) by 2.0% during the first quarter, Holdings Channel reports. The firm owned 61,445 shares of the company’s stock after selling 1,240 shares during the period. Nationwide Fund Advisors’ holdings in International Speedway Corp were worth $2,270,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Cigna Investments Inc. New bought a new stake in International Speedway Corp during the fourth quarter worth about $1,406,000. Guggenheim Capital LLC raised its stake in shares of International Speedway Corp by 55.1% in the fourth quarter. Guggenheim Capital LLC now owns 91,410 shares of the company’s stock worth $3,364,000 after buying an additional 32,475 shares during the period. Tudor Investment Corp Et Al raised its stake in shares of International Speedway Corp by 15.4% in the fourth quarter. Tudor Investment Corp Et Al now owns 19,525 shares of the company’s stock worth $719,000 after buying an additional 2,611 shares during the period. Two Sigma Investments LP raised its stake in shares of International Speedway Corp by 143.6% in the fourth quarter. Two Sigma Investments LP now owns 115,948 shares of the company’s stock worth $4,267,000 after buying an additional 68,360 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of International Speedway Corp by 36.9% in the fourth quarter. GSA Capital Partners LLP now owns 54,425 shares of the company’s stock worth $2,003,000 after buying an additional 14,656 shares during the period. Institutional investors and hedge funds own 51.59% of the company’s stock.

Institutional Ownership by Quarter for International Speedway Corp (NASDAQ:ISCA)

Shares of International Speedway Corp (ISCA) opened at 35.65 on Friday. The firm’s 50-day moving average price is $36.64 and its 200-day moving average price is $37.07. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 20.98 and a beta of 1.26. International Speedway Corp has a 52 week low of $30.05 and a 52 week high of $40.31.

International Speedway Corp (NASDAQ:ISCA) last released its earnings results on Tuesday, April 4th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The firm had revenue of $147.90 million during the quarter, compared to analysts’ expectations of $143.44 million. International Speedway Corp had a return on equity of 4.88% and a net margin of 11.55%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Equities research analysts expect that International Speedway Corp will post $1.57 EPS for the current fiscal year.

The company also recently announced an annual dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st will be issued a dividend of $0.43 per share. This represents a yield of 1.15%. The ex-dividend date of this dividend is Friday, May 26th. This is a boost from International Speedway Corp’s previous annual dividend of $0.41. International Speedway Corp’s dividend payout ratio is 24.55%.

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A number of equities research analysts have weighed in on ISCA shares. Zacks Investment Research upgraded International Speedway Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, April 4th. Sidoti started coverage on International Speedway Corp in a research note on Tuesday, February 28th. They set a “neutral” rating and a $39.00 price objective for the company.

International Speedway Corp Company Profile

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