Penn Capital Management Co. Inc. trimmed its stake in Versum Materials Inc (NYSE:VSM) by 66.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,889 shares of the basic materials company’s stock after selling 175,929 shares during the period. Penn Capital Management Co. Inc.’s holdings in Versum Materials were worth $4,913,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Heritage Wealth Advisors boosted its holdings in shares of Versum Materials by 20.0% in the first quarter. Heritage Wealth Advisors now owns 1,200 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 200 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Versum Materials in the first quarter valued at about $201,000. IndexIQ Advisors LLC purchased a new stake in shares of Versum Materials in the first quarter valued at about $31,093,000. Perella Weinberg Partners Capital Management LP purchased a new stake in shares of Versum Materials in the first quarter valued at about $5,692,000. Finally, Stephens Inc. AR purchased a new stake in shares of Versum Materials in the first quarter valued at about $214,000. 83.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE VSM opened at $51.51 on Thursday. The company has a quick ratio of 4.03, a current ratio of 5.27 and a debt-to-equity ratio of 3.18. Versum Materials Inc has a 52 week low of $25.02 and a 52 week high of $52.58. The stock has a market capitalization of $5.64 billion, a P/E ratio of 21.94 and a beta of 2.06.

Versum Materials (NYSE:VSM) last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Versum Materials had a net margin of 16.74% and a return on equity of 109.04%. The firm had revenue of $326.20 million during the quarter, compared to analysts’ expectations of $340.56 million. During the same quarter last year, the business earned $0.59 earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, research analysts anticipate that Versum Materials Inc will post 2.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, May 13th. Versum Materials’s dividend payout ratio (DPR) is 13.62%.

Several analysts have recently weighed in on VSM shares. Loop Capital raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, January 29th. Jefferies Financial Group cut shares of Versum Materials from a “buy” rating to a “hold” rating and raised their price objective for the company from $44.00 to $47.00 in a research note on Monday, March 4th. Argus cut shares of Versum Materials from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. KeyCorp raised their price objective on shares of Versum Materials from $44.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, February 28th. Finally, Goldman Sachs Group upgraded shares of Versum Materials from a “sell” rating to a “neutral” rating and raised their price objective for the company from $26.00 to $31.00 in a research note on Thursday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. Versum Materials has a consensus rating of “Hold” and a consensus price target of $46.60.

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Versum Materials Profile

Versum Materials, Inc develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. The company operates through two segments, Materials, and Delivery Systems and Services (DS&S).

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Institutional Ownership by Quarter for Versum Materials (NYSE:VSM)

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