GSA Capital Partners LLP Has $3.32 Million Holdings in Vector Group Ltd. (NYSE:VGR)

GSA Capital Partners LLP lessened its position in Vector Group Ltd. (NYSE:VGR) by 42.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 222,249 shares of the company’s stock after selling 164,063 shares during the period. Vector Group makes up about 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 24th largest position. GSA Capital Partners LLP’s holdings in Vector Group were worth $3,316,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VGR. Canada Pension Plan Investment Board purchased a new position in shares of Vector Group during the second quarter valued at approximately $59,000. ORG Partners LLC boosted its position in shares of Vector Group by 252.3% during the second quarter. ORG Partners LLC now owns 6,039 shares of the company’s stock valued at $66,000 after buying an additional 4,325 shares during the last quarter. Quarry LP boosted its position in shares of Vector Group by 112.6% during the second quarter. Quarry LP now owns 9,648 shares of the company’s stock valued at $102,000 after buying an additional 5,110 shares during the last quarter. Somerset Trust Co purchased a new position in shares of Vector Group during the second quarter valued at approximately $110,000. Finally, Rothschild Investment LLC purchased a new position in shares of Vector Group during the second quarter valued at approximately $116,000. Institutional investors and hedge funds own 64.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com assumed coverage on Vector Group in a research report on Monday. They set a “strong-buy” rating on the stock. Barclays lifted their target price on Vector Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th.

Vector Group Stock Performance

Shares of Vector Group stock opened at $14.99 on Tuesday. The business’s fifty day simple moving average is $14.96 and its 200 day simple moving average is $12.90. The firm has a market capitalization of $2.36 billion, a P/E ratio of 12.92 and a beta of 1.04. Vector Group Ltd. has a 12 month low of $9.27 and a 12 month high of $15.53.

Vector Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Friday, August 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 5.34%. Vector Group’s dividend payout ratio (DPR) is currently 68.97%.

Vector Group Profile

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