6,400 Shares in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Bought by nVerses Capital LLC

nVerses Capital LLC acquired a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,400 shares of the company’s stock, valued at approximately $142,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Scarborough Advisors LLC acquired a new stake in shares of ZIM Integrated Shipping Services during the 4th quarter valued at approximately $58,000. Russell Investments Group Ltd. boosted its position in ZIM Integrated Shipping Services by 1,431.1% during the first quarter. Russell Investments Group Ltd. now owns 6,063 shares of the company’s stock worth $61,000 after purchasing an additional 5,667 shares in the last quarter. Mather Group LLC. purchased a new stake in ZIM Integrated Shipping Services during the second quarter worth $96,000. Private Advisor Group LLC acquired a new stake in ZIM Integrated Shipping Services in the fourth quarter valued at $127,000. Finally, Jump Financial LLC purchased a new position in shares of ZIM Integrated Shipping Services in the fourth quarter valued at $130,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Price Performance

NYSE:ZIM opened at $18.27 on Tuesday. ZIM Integrated Shipping Services Ltd. has a 12-month low of $6.39 and a 12-month high of $23.82. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -0.86, a price-to-earnings-growth ratio of 0.03 and a beta of 1.83. The company’s 50-day moving average is $19.50 and its two-hundred day moving average is $16.12. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.41.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its quarterly earnings data on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $1.01. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.71 billion. ZIM Integrated Shipping Services had a negative net margin of 32.81% and a positive return on equity of 2.89%. During the same quarter in the prior year, the firm posted ($1.37) earnings per share. Research analysts expect that ZIM Integrated Shipping Services Ltd. will post 11.79 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 29th will be paid a $0.93 dividend. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. This represents a $3.72 annualized dividend and a yield of 20.36%. The ex-dividend date of this dividend is Thursday, August 29th. ZIM Integrated Shipping Services’s dividend payout ratio is presently -4.35%.

Analyst Ratings Changes

Several equities research analysts recently commented on ZIM shares. Citigroup lowered shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $11.60 to $13.00 in a research report on Thursday, June 6th. Bank of America lifted their target price on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. Barclays increased their price target on shares of ZIM Integrated Shipping Services from $12.50 to $15.00 and gave the company an “underweight” rating in a research report on Friday, August 23rd. Finally, Jefferies Financial Group restated a “buy” rating and set a $22.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Monday, August 19th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and an average target price of $14.59.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.