Dark Forest Capital Management LP Buys 6,415 Shares of Vector Group Ltd. (NYSE:VGR)

Dark Forest Capital Management LP boosted its stake in Vector Group Ltd. (NYSE:VGRGet Rating) by 59.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,237 shares of the company’s stock after acquiring an additional 6,415 shares during the period. Dark Forest Capital Management LP’s holdings in Vector Group were worth $181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VGR. Envestnet Asset Management Inc. lifted its position in shares of Vector Group by 36.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 44,076 shares of the company’s stock worth $531,000 after purchasing an additional 11,822 shares during the period. Advisor Group Holdings Inc. boosted its position in Vector Group by 4.6% during the first quarter. Advisor Group Holdings Inc. now owns 20,149 shares of the company’s stock valued at $222,000 after acquiring an additional 884 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Vector Group during the 1st quarter worth about $435,000. New York State Common Retirement Fund raised its position in shares of Vector Group by 9.5% in the 1st quarter. New York State Common Retirement Fund now owns 103,393 shares of the company’s stock worth $1,245,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of Vector Group by 92.2% in the 1st quarter. Teacher Retirement System of Texas now owns 400,393 shares of the company’s stock valued at $4,821,000 after purchasing an additional 192,030 shares during the period. Institutional investors and hedge funds own 64.01% of the company’s stock.

Vector Group Stock Up 1.9 %

Vector Group stock opened at $11.00 on Friday. The company has a market capitalization of $1.70 billion, a PE ratio of 11.00 and a beta of 1.08. Vector Group Ltd. has a 12-month low of $8.64 and a 12-month high of $17.39. The firm’s fifty day moving average is $10.25 and its 200 day moving average is $10.45.

Vector Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Friday, December 9th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.27%. Vector Group’s dividend payout ratio (DPR) is presently 80.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Vector Group in a research note on Wednesday, October 12th. They set a “buy” rating for the company.

Insider Activity

In related news, Director Ronald J. Bernstein sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $10.73, for a total transaction of $160,950.00. Following the transaction, the director now directly owns 37,630 shares of the company’s stock, valued at approximately $403,769.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Bennett S. Lebow sold 170,000 shares of Vector Group stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $10.37, for a total transaction of $1,762,900.00. Following the completion of the transaction, the director now directly owns 957,278 shares in the company, valued at $9,926,972.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald J. Bernstein sold 15,000 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $10.73, for a total transaction of $160,950.00. Following the sale, the director now directly owns 37,630 shares of the company’s stock, valued at $403,769.90. The disclosure for this sale can be found here. Insiders sold a total of 251,347 shares of company stock worth $2,635,753 in the last three months. Company insiders own 11.50% of the company’s stock.

Vector Group Company 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.

Further Reading

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

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