Vector Group Sees Unusually High Options Volume (NYSE:VGR)

Vector Group Ltd (NYSE:VGR) saw unusually large options trading on Thursday. Stock traders acquired 1,033 put options on the company. This is an increase of 1,277% compared to the average daily volume of 75 put options.

Several large investors have recently made changes to their positions in VGR. Public Employees Retirement System of Ohio grew its position in shares of Vector Group by 15.8% in the second quarter. Public Employees Retirement System of Ohio now owns 8,031 shares of the company’s stock valued at $78,000 after purchasing an additional 1,096 shares during the period. AE Wealth Management LLC purchased a new stake in shares of Vector Group in the second quarter valued at $99,000. MML Investors Services LLC purchased a new stake in shares of Vector Group in the second quarter valued at $123,000. Zebra Capital Management LLC purchased a new stake in shares of Vector Group in the second quarter valued at $139,000. Finally, Weiss Asset Management LP grew its position in shares of Vector Group by 8.5% in the second quarter. Weiss Asset Management LP now owns 15,881 shares of the company’s stock valued at $155,000 after purchasing an additional 1,246 shares during the period. 49.50% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:VGR opened at $11.19 on Friday. The company has a market cap of $1.65 billion, a P/E ratio of 20.35 and a beta of 0.70. Vector Group has a 52 week low of $8.62 and a 52 week high of $14.46. The business has a fifty day simple moving average of $11.99 and a 200-day simple moving average of $10.60.

Vector Group (NYSE:VGR) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.19. The business had revenue of $538.40 million during the quarter, compared to the consensus estimate of $494.50 million. Vector Group had a negative return on equity of 19.73% and a net margin of 4.55%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. Research analysts forecast that Vector Group will post 0.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Tuesday, September 17th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 14.30%. The ex-dividend date of this dividend was Monday, September 16th. Vector Group’s dividend payout ratio is currently 290.91%.

A number of research firms have recently weighed in on VGR. ValuEngine raised Vector Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 31st. Zacks Investment Research raised Vector Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th.

Vector Group Company Profile

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

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