Keeley Teton Advisors LLC increased its position in shares of Invacare Corporation (NYSE:IVC) by 1,779.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 442,715 shares of the health services provider’s stock after purchasing an additional 419,155 shares during the quarter. Keeley Teton Advisors LLC owned 1.13% of Invacare worth $6,973,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of IVC. Leucadia National Corp acquired a new stake in Invacare during the 2nd quarter valued at approximately $161,000. Goldman Sachs Group Inc. grew its position in shares of Invacare by 326.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 723,650 shares of the health services provider’s stock worth $9,552,000 after buying an additional 553,954 shares during the period. Koch Industries Inc. acquired a new stake in shares of Invacare during the 2nd quarter worth approximately $255,000. Northern Trust Corp grew its position in shares of Invacare by 1.8% during the 2nd quarter. Northern Trust Corp now owns 432,109 shares of the health services provider’s stock worth $5,705,000 after buying an additional 7,536 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Invacare by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,934,593 shares of the health services provider’s stock worth $38,736,000 after buying an additional 107,359 shares during the period. 94.65% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Dean J. Childers sold 6,249 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $15.15, for a total value of $94,672.35. Following the transaction, the senior vice president now directly owns 44,875 shares in the company, valued at approximately $679,856.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is owned by company insiders.
Shares of Invacare Corporation (IVC) remained flat at $$17.05 on Thursday. The company’s stock had a trading volume of 279,300 shares, compared to its average volume of 493,918. Invacare Corporation has a 12-month low of $9.90 and a 12-month high of $17.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.28 and a quick ratio of 1.57.
Invacare (NYSE:IVC) last issued its earnings results on Tuesday, November 7th. The health services provider reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.02. Invacare had a negative return on equity of 13.33% and a negative net margin of 7.95%. The company had revenue of $250.91 million for the quarter, compared to analysts’ expectations of $239.88 million. During the same period last year, the business earned ($0.37) EPS. Invacare’s quarterly revenue was down 6.4% compared to the same quarter last year. analysts predict that Invacare Corporation will post -2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be issued a $0.0125 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Wednesday, January 3rd. Invacare’s dividend payout ratio is currently -2.13%.
Several analysts have recently commented on the stock. KeyCorp reaffirmed an “overweight” rating and set a $17.00 price objective on shares of Invacare in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of Invacare from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.00.
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Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.
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