Heartland Advisors Inc. decreased its position in Invacare Co. (NYSE:IVC) by 26.2% during the third quarter, Holdings Channel reports. The institutional investor owned 2,355,890 shares of the company’s stock after selling 835,465 shares during the period. Invacare makes up about 1.5% of Heartland Advisors Inc.’s holdings, making the stock its 7th largest position. Heartland Advisors Inc. owned approximately 7.26% of Invacare worth $26,315,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Rational Advisors LLC acquired a new position in Invacare during the second quarter worth $124,000. Profund Advisors LLC acquired a new position in Invacare during the second quarter worth $125,000. Louisiana State Employees Retirement System raised its position in Invacare by 4.5% in the third quarter. Louisiana State Employees Retirement System now owns 14,000 shares of the company’s stock worth $156,000 after buying an additional 600 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Invacare by 7.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,820 shares of the company’s stock worth $180,000 after buying an additional 1,050 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Invacare by 5.1% in the third quarter. Arizona State Retirement System now owns 16,424 shares of the company’s stock worth $183,000 after buying an additional 800 shares during the last quarter.
Invacare Co. (NYSE:IVC) opened at 11.50 on Wednesday. The firm’s market capitalization is $373.22 million. The firm has a 50-day moving average of $12.63 and a 200 day moving average of $11.79. Invacare Co. has a 12-month low of $8.00 and a 12-month high of $17.25.
The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Wednesday, January 4th were paid a $0.0125 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, December 30th. Invacare’s dividend payout ratio (DPR) is presently -5.75%.
A number of research firms recently weighed in on IVC. Zacks Investment Research lowered shares of Invacare from a “hold” rating to a “strong sell” rating in a research report on Friday, January 20th. KeyCorp set a $17.00 price target on shares of Invacare and gave the stock a “buy” rating in a research report on Thursday, October 6th.
Invacare Company Profile
Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.
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