Dynamic Technology Lab Private Ltd Takes Position in Meta Financial Group Inc. (CASH)
Dynamic Technology Lab Private Ltd bought a new position in shares of Meta Financial Group Inc. (NASDAQ:CASH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,356 shares of the company’s stock, valued at approximately $222,000. Dynamic Technology Lab Private Ltd owned approximately 0.05% of Meta Financial Group at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sippican Capital Advisors bought a new stake in shares of Meta Financial Group during the second quarter worth $281,000. Swiss National Bank bought a new stake in shares of Meta Financial Group during the second quarter worth $571,000. Friess Associates LLC bought a new stake in shares of Meta Financial Group during the first quarter worth $606,000. First Trust Advisors LP raised its stake in shares of Meta Financial Group by 0.3% in the second quarter. First Trust Advisors LP now owns 11,953 shares of the company’s stock worth $609,000 after buying an additional 35 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in shares of Meta Financial Group during the second quarter worth $611,000.
Meta Financial Group Inc. (NASDAQ:CASH) opened at 63.17 on Tuesday. Meta Financial Group Inc. has a one year low of $36.22 and a one year high of $63.47. The firm has a market cap of $538.46 million, a price-to-earnings ratio of 16.20 and a beta of 0.51. The stock has a 50 day moving average of $60.35 and a 200 day moving average of $52.62.
Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.18. Meta Financial Group had a net margin of 18.45% and a return on equity of 11.22%. Equities research analysts predict that Meta Financial Group Inc. will post $3.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Tuesday, September 6th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.52 annualized dividend and a dividend yield of 0.82%. Meta Financial Group’s dividend payout ratio is 13.54%.
A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Keefe, Bruyette & Woods lifted their target price on shares of Meta Financial Group from $64.00 to $67.00 and gave the stock an “outperform” rating in a report on Monday, August 15th.
Meta Financial Group Company Profile
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.
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