Christine L. Koski Sells 8,000 Shares of Sun Hydraulics Corp. (SNHY) Stock
Sun Hydraulics Corp. (NASDAQ:SNHY) Director Christine L. Koski sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $32.17, for a total transaction of $257,360.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Sun Hydraulics Corp. (NASDAQ:SNHY) opened at 31.73 on Friday. The firm has a 50-day moving average price of $30.64 and a 200-day moving average price of $31.08. The stock has a market cap of $854.24 million, a PE ratio of 29.63 and a beta of 2.08. Sun Hydraulics Corp. has a 12-month low of $24.00 and a 12-month high of $35.93.
The business also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Friday, September 30th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. Sun Hydraulics Corp.’s dividend payout ratio (DPR) is 33.33%.
Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its position in Sun Hydraulics Corp. by 15.3% in the first quarter. Legal & General Group Plc now owns 3,655 shares of the company’s stock worth $122,000 after buying an additional 485 shares during the period. Raymond James & Associates raised its position in Sun Hydraulics Corp. by 15.8% in the second quarter. Raymond James & Associates now owns 7,125 shares of the company’s stock worth $212,000 after buying an additional 972 shares during the period. BB&T Securities LLC raised its stake in shares of Sun Hydraulics Corp. by 3.6% in the first quarter. BB&T Securities LLC now owns 7,190 shares of the company’s stock worth $238,000 after buying an additional 251 shares during the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of Sun Hydraulics Corp. during the second quarter worth approximately $266,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Sun Hydraulics Corp. during the second quarter worth approximately $278,000. Institutional investors and hedge funds own 75.98% of the company’s stock.
A number of analysts recently issued reports on SNHY shares. Zacks Investment Research raised shares of Sun Hydraulics Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. TheStreet cut Sun Hydraulics Corp. from a “buy” rating to a “hold” rating in a report on Monday, June 20th.
About Sun Hydraulics Corp.
Sun Hydraulics Corporation (Sun) designs and manufactures screw-in hydraulic cartridge valves and manifolds, which control force, speed and motion as integral components in fluid power systems. The Company operates through manufacturing and distribution of hydraulic components segment. The Company, at components level, designs and manufactures screw-in hydraulic cartridge valves, manifolds, and integrates fluid power packages and subsystems.
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