Quadrant Capital Group LLC Grows Stake in Lamar Advertising (NASDAQ:LAMR)

Quadrant Capital Group LLC grew its position in shares of Lamar Advertising (NASDAQ:LAMR) by 601.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,193 shares of the real estate investment trust’s stock after purchasing an additional 1,023 shares during the period. Quadrant Capital Group LLC’s holdings in Lamar Advertising were worth $127,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LAMR. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Lamar Advertising during the 3rd quarter valued at $30,000. Signaturefd LLC lifted its holdings in shares of Lamar Advertising by 43.7% during the 3rd quarter. Signaturefd LLC now owns 493 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 150 shares during the last quarter. Arlington Trust Co LLC bought a new stake in shares of Lamar Advertising during the 4th quarter worth $57,000. Sunbelt Securities Inc. lifted its holdings in shares of Lamar Advertising by 249.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 705 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 503 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Lamar Advertising during the 3rd quarter worth $108,000. 93.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LAMR has been the subject of several recent research reports. Morgan Stanley boosted their price target on shares of Lamar Advertising from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. boosted their price target on shares of Lamar Advertising from $92.00 to $109.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Finally, StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

Insider Activity at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $118.97, for a total transaction of $594,850.00. Following the transaction, the chief financial officer now owns 10,000 shares in the company, valued at $1,189,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Lamar Advertising news, Director John E. Koerner III sold 17,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $120.05, for a total value of $2,040,850.00. Following the sale, the director now owns 32,178 shares in the company, valued at $3,862,968.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jay Lecoryelle Johnson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $118.97, for a total transaction of $594,850.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares in the company, valued at approximately $1,189,700. The disclosure for this sale can be found here. 14.98% of the stock is owned by corporate insiders.

Lamar Advertising Stock Performance

Shares of NASDAQ:LAMR opened at $119.61 on Thursday. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 24.56 and a beta of 1.49. The company has a 50-day moving average price of $116.23 and a 200-day moving average price of $109.08. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 2.39. Lamar Advertising has a 12 month low of $77.21 and a 12 month high of $122.22.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.71). The firm had revenue of $498.15 million for the quarter, compared to the consensus estimate of $496.98 million. Lamar Advertising had a net margin of 23.29% and a return on equity of 41.86%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $1.41 earnings per share. As a group, equities analysts anticipate that Lamar Advertising will post 7.69 EPS for the current year.

Lamar Advertising Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Monday, June 17th. Lamar Advertising’s dividend payout ratio is currently 106.78%.

About Lamar Advertising

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.