Oregon Public Workers Retirement Fund lowered its stake in shares of Mercury Basic Co. (NYSE:MCY – Get Ranking) by 10.7% within the second quarter, in accordance with its most up-to-date 13F submitting with the SEC. The agency owned 7,512 shares of the insurance coverage supplier’s inventory after promoting 900 shares through the interval. Oregon Public Workers Retirement Fund’s holdings in Mercury Basic had been price $333,000 on the finish of the newest reporting interval.
A lot of different hedge funds have additionally just lately made modifications to their positions within the inventory. Louisiana State Workers Retirement System boosted its place in shares of Mercury Basic by 2.9% through the 1st quarter. Louisiana State Workers Retirement System now owns 7,000 shares of the insurance coverage supplier’s inventory price $380,000 after buying an extra 200 shares through the interval. Captrust Monetary Advisors lifted its holdings in Mercury Basic by 23.8% through the 1st quarter. Captrust Monetary Advisors now owns 1,244 shares of the insurance coverage supplier’s inventory price $68,000 after shopping for an extra 239 shares within the final quarter. Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. lifted its holdings in Mercury Basic by 7.2% through the 1st quarter. Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. now owns 3,703 shares of the insurance coverage supplier’s inventory price $204,000 after shopping for an extra 250 shares within the final quarter. Panagora Asset Administration Inc. lifted its holdings in Mercury Basic by 3.4% through the 1st quarter. Panagora Asset Administration Inc. now owns 7,808 shares of the insurance coverage supplier’s inventory price $429,000 after shopping for an extra 254 shares within the final quarter. Lastly, Alternate Traded Ideas LLC lifted its holdings in Mercury Basic by 2.3% through the 2nd quarter. Alternate Traded Ideas LLC now owns 11,454 shares of the insurance coverage supplier’s inventory price $507,000 after shopping for an extra 260 shares within the final quarter. Hedge funds and different institutional traders personal 40.11% of the corporate’s inventory.
Mercury Basic Value Efficiency
Shares of MCY opened at $28.61 on Friday. Mercury Basic Co. has a twelve month low of $27.89 and a twelve month excessive of $57.00. The agency’s fifty day easy transferring common is $31.80 and its 200-day easy transferring common is $41.44. The agency has a market capitalization of $1.58 billion, a price-to-earnings ratio of -4.21 and a beta of 0.50. The corporate has a present ratio of 0.28, a fast ratio of 0.28 and a debt-to-equity ratio of 0.22.
Mercury Basic (NYSE:MCY – Get Ranking) final introduced its quarterly earnings knowledge on Tuesday, August 2nd. The insurance coverage supplier reported ($0.35) earnings per share for the quarter, lacking analysts’ consensus estimates of ($0.33) by ($0.02). Mercury Basic had a destructive web margin of 10.52% and a destructive return on fairness of two.01%. The agency had income of $1.03 billion through the quarter, in comparison with analyst estimates of $1.02 billion. Equities analysts forecast that Mercury Basic Co. will submit -1.7 EPS for the present fiscal yr.
Mercury Basic Cuts Dividend
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Thursday, September twenty ninth. Stockholders of document on Thursday, September fifteenth had been issued a $0.3175 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $1.27 dividend on an annualized foundation and a dividend yield of 4.44%. Mercury Basic’s payout ratio is -18.70%.
Analysts Set New Value Targets
Individually, StockNews.com assumed protection on shares of Mercury Basic in a report on Wednesday, October twelfth. They set a “maintain” ranking on the inventory.
About Mercury Basic
(Get Ranking)
Mercury Basic Company, along with its subsidiaries, engages in writing private car insurance coverage in the US. The corporate additionally writes householders, business car, business property, mechanical safety, and umbrella insurance coverage merchandise. Its car insurance coverage merchandise embrace collision, property injury, bodily harm, complete, private harm safety, underinsured and uninsured motorist, and different hazards; and householders insurance coverage merchandise comprise dwelling, legal responsibility, private property, fireplace, and different hazards.
Beneficial Tales
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