Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Shares Pass Below 50-Day Moving Average – Here’s Why

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $19.83 and traded as low as $19.31. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $19.0950, with a volume of 2,295 shares trading hands.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Performance

The company’s 50 day moving average is $19.83 and its 200 day moving average is $20.38.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.4766 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.91 annualized dividend and a dividend yield of 10.0%.

Institutional Trading of Hovnanian Enterprises, Inc. PFD DEP1/1000A

A hedge fund recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. lifted its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,550 shares of the company’s stock after purchasing an additional 1,075 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $585,000 at the end of the most recent quarter.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Company Profile

Hovnanian Enterprises, Inc is a publicly traded homebuilding company active primarily in the United States. Through its network of land development and construction operations, the company designs, builds and sells single-family detached and attached homes, condominiums and active-adult communities. In addition to its core homebuilding business, Hovnanian provides financing, mortgage banking, title insurance and closing services to homebuyers through its wholly owned financial services subsidiaries.

Founded in 1959 by Kevork S.