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

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $20.87 and traded as high as $20.95. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $20.80, with a volume of 4,229 shares changing hands.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Trading Down 1.0%

The stock has a 50-day simple moving average of $20.87 and a two-hundred day simple moving average of $20.55.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.4766 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $1.91 dividend on an annualized basis and a yield of 9.2%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. lifted its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,550 shares of the company’s stock after acquiring an additional 1,075 shares during the period. 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.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

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.