Concentra Group Holdings Parent, Inc. (CON) to Issue Quarterly Dividend of $0.06 on March 19th

Concentra Group Holdings Parent, Inc. (NYSE:CON) declared a quarterly dividend on Wednesday, February 25th. Stockholders of record on Thursday, March 12th will be paid a dividend of 0.0625 per share on Thursday, March 19th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, March 12th.

Concentra Group Holdings Parent Stock Down 1.0%

CON stock opened at $22.59 on Tuesday. Concentra Group Holdings Parent has a 1-year low of $18.55 and a 1-year high of $24.68. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.18 and a beta of 0.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.90. The company’s 50 day moving average is $22.19 and its 200 day moving average is $21.21.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $539.08 million for the quarter. Concentra Group Holdings Parent had a net margin of 7.69% and a return on equity of 48.46%. Concentra Group Holdings Parent’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS. Sell-side analysts predict that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Institutional Trading of Concentra Group Holdings Parent

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its holdings in Concentra Group Holdings Parent by 6.3% in the fourth quarter. Invesco Ltd. now owns 553,118 shares of the company’s stock worth $10,885,000 after buying an additional 32,713 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Concentra Group Holdings Parent in the fourth quarter worth $213,000. Mackenzie Financial Corp raised its holdings in Concentra Group Holdings Parent by 5.3% in the fourth quarter. Mackenzie Financial Corp now owns 32,803 shares of the company’s stock worth $653,000 after purchasing an additional 1,649 shares in the last quarter. Empowered Funds LLC lifted its position in Concentra Group Holdings Parent by 20.9% during the fourth quarter. Empowered Funds LLC now owns 17,591 shares of the company’s stock valued at $346,000 after buying an additional 3,042 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $513,000.

About Concentra Group Holdings Parent

Concentra Group Holdings Parent (NYSE:CON) is a Canada-based financial services holding company that specializes in serving Canadian credit unions and their members. Through its operating subsidiaries, the group provides wholesale funding, lending solutions and investment management services tailored to the unique needs of cooperative financial institutions. Concentra’s broad suite of offerings includes trust and custody services, mortgage investment products and equipment financing, all designed to support credit-union growth and stability.

In addition to wholesale funding and lending, Concentra Group Holdings Parent distributes life and general insurance products through affiliated insurance brokers and credit-union channels.