Vector Group Ltd. (NYSE:VGR) Stake Lowered by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its stake in Vector Group Ltd. (NYSE:VGRGet Rating) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,643 shares of the company’s stock after selling 1,103 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Vector Group were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Antonetti Capital Management LLC increased its stake in shares of Vector Group by 54.5% during the 1st quarter. Antonetti Capital Management LLC now owns 2,808 shares of the company’s stock worth $34,000 after purchasing an additional 991 shares during the last quarter. Quantedge Capital Pte Ltd bought a new position in shares of Vector Group in the first quarter worth about $123,000. Pinnacle Associates Ltd. bought a new stake in Vector Group during the 1st quarter valued at approximately $124,000. Captrust Financial Advisors lifted its holdings in shares of Vector Group by 46.1% during the first quarter. Captrust Financial Advisors now owns 11,152 shares of the company’s stock worth $134,000 after buying an additional 3,520 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Vector Group in the 2nd quarter valued at $118,000. 64.01% of the stock is currently owned by hedge funds and other institutional investors.

Vector Group Price Performance

Shares of VGR stock opened at $10.68 on Wednesday. The stock’s fifty day simple moving average is $9.67 and its 200 day simple moving average is $10.56. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 10.68 and a beta of 1.09. Vector Group Ltd. has a one year low of $8.64 and a one year high of $17.39.

Vector Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 15th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 7.49%. The ex-dividend date of this dividend was Wednesday, September 14th. Vector Group’s dividend payout ratio is 80.00%.

Insider Activity at Vector Group

In related news, Director Bennett S. Lebow sold 170,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $10.37, for a total value of $1,762,900.00. Following the sale, the director now owns 957,278 shares of the company’s stock, valued at approximately $9,926,972.86. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Vector Group news, Director Ronald J. Bernstein sold 15,000 shares of the business’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $10.73, for a total value of $160,950.00. Following the transaction, the director now owns 37,630 shares of the company’s stock, valued at $403,769.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bennett S. Lebow sold 170,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $10.37, for a total value of $1,762,900.00. Following the completion of the transaction, the director now directly owns 957,278 shares in the company, valued at approximately $9,926,972.86. The disclosure for this sale can be found here. 7.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Vector Group in a report on Wednesday, October 12th. They set a “buy” rating for the company.

Vector Group Profile

(Get Rating)

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 100 combinations under the EAGLE 20's, Pyramid, Montego, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

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Institutional Ownership by Quarter for Vector Group (NYSE:VGR)

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