Bessemer Group Inc. reduced its shareholdings in Vishay Precision Group Inc. (NYSE: VPG) by 50.8% in the second quarter, according to the most recent disclosure at the SEC. The fund held 6,200 shares in the shares of the company's scientific and technical instruments after the sale of 6,400 shares during the period. The interests of Bessemer Group Inc. in Vishay Precision Group were worth $ 237,000 from the most recent SEC application.
Several other hedge funds have also increased or reduced their stake in VPG. MetLife Investment Advisors LLC acquired a new position in Vishay Precision Group shares worth $ 132,000 in the fourth quarter. Campbell & CO Investment Adviser LLC acquired a new position in Vishay Precision Group in the second quarter of $ 203,000. Victory Capital Management Inc. bought a new position in Vishay Precision Group in the first quarter of $ 219,000. Element Capital Management LLC acquired a new position in the first quarter in Vishay Precision Group worth $ 239,000. Finally, in the first quarter, ClariVest Asset Management LLC increased its stake in Vishay Precision Group by 35,517.4%. ClariVest Asset Management LLC now holds 8,192 company shares of scientific and technical instruments valued at $ 256,000 after purchasing another 8,169 shares during the last quarter. 86.81% of the shares are owned by hedge funds and other institutional investors.
VPG has been the subject of a number of analyst reports. B. Riley republished a "buy" rating and set a target price of $ 53.00 (previously higher than $ 40.00) on Vishay Precision Group shares in a study letter on Monday, August 6th. ValuEngine increased Vishay Precision Group shares from a "buy" rating to a "strong buy" rating in a research note on Thursday, June 7.
NYSE: VPG fell $ 0.10 during trading hours on Wednesday and reached $ 44.40. The company had a trading volume of 635 shares, compared with the average volume of 83,200. The company has a current ratio of 4.10, a quick ratio of 2.79 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $ 565.91 million, a price-earnings ratio of 39.12, a PEG ratio of 1.09 and a beta of 0.95. Vishay Precision Group Inc has a twelve month low of $ 20.50 and a twelve month high of $ 44.90.
Vishay Precision Group (NYSE: VPG) last published the quarterly results on Tuesday 7 August. The scientific and technical instruments company reported earnings of $ 0.57 EPS this quarter, exceeding analysts' $ 0.44 consensus estimates by $ 0.13. The company posted sales of $ 74.23 million in the quarter compared with analysts' expectations of $ 73.53 million. Vishay Precision Group had a net margin of 7.66% and a return on equity of 10.93%. In the same period last year, the company recorded $ 0.29 per share. stock analysts predict that Vishay Precision Group Inc will book 1.94 earnings per share for the current fiscal year.
In other Vishay Precision Group news, director Saul Reibstein sold 5,000 shares of Vishay Precision Group shares in a transaction dated on Friday, August 17. The shares were sold at an average price of $ 41.87, for a total value of $ 209,350.00. After the sale, the director now owns 13,863 shares of the company, valued at $ 580,443.81. The sale was announced in a legal application to the SEC, which is accessible via this hyperlink. Director Timothy Talbert also sold 3,000 shares of Vishay Precision Group shares in a transaction on Monday, August 20. The stock was sold at an average price of $ 44.00 for a total transaction of $ 132,000.00. After the completion of the sale, the director now holds 14,896 shares directly in the company, valued at approximately $ 655,424. The information for this sale can be found here. Insiders have sold 9,945 company shares in the last three months, valued at $ 420,651. 6.49% of the stock is owned by insiders.
About Vishay Precision Group
Vishay Precision Group, Inc. designs, manufactures and markets sensors, sensor-based measurement systems, special resistances and strain gauges in Asia, the United States, Israel, Europe, the United Kingdom and Canada. It works in three segments: Foil Technology Products, Force Sensors and Weighing and Control Systems.
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