Capstone Asset Management Co. increased its stake in shares of Invacare Corporation (NYSE:IVC) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,496 shares of the health services provider’s stock after buying an additional 1,200 shares during the period. Capstone Asset Management Co.’s holdings in Invacare Corporation were worth $350,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. AlphaOne Investment Services LLC increased its stake in shares of Invacare Corporation by 3.3% in the first quarter. AlphaOne Investment Services LLC now owns 349,848 shares of the health services provider’s stock valued at $4,163,000 after buying an additional 11,069 shares during the last quarter. Alambic Investment Management L.P. increased its stake in shares of Invacare Corporation by 20.3% in the first quarter. Alambic Investment Management L.P. now owns 146,231 shares of the health services provider’s stock valued at $1,740,000 after buying an additional 24,700 shares during the last quarter. State of Tennessee Treasury Department increased its stake in shares of Invacare Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 27,500 shares of the health services provider’s stock valued at $327,000 after buying an additional 4,150 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Invacare Corporation by 15.1% in the first quarter. Parametric Portfolio Associates LLC now owns 167,334 shares of the health services provider’s stock valued at $1,991,000 after buying an additional 21,913 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Invacare Corporation by 3.7% in the first quarter. Comerica Bank now owns 35,002 shares of the health services provider’s stock valued at $464,000 after buying an additional 1,241 shares during the last quarter.

Shares of Invacare Corporation (NYSE IVC) traded up 0.73% during midday trading on Thursday, reaching $13.80. The company had a trading volume of 224,882 shares. The stock’s market capitalization is $453.61 million. Invacare Corporation has a 1-year low of $8.00 and a 1-year high of $16.65. The firm’s 50 day moving average price is $13.78 and its 200-day moving average price is $12.86.

Invacare Corporation (NYSE:IVC) last posted its quarterly earnings results on Monday, August 7th. The health services provider reported ($0.63) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by $0.21. The firm had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $243.03 million. Invacare Corporation had a negative net margin of 6.42% and a negative return on equity of 12.79%. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.33) EPS. Equities research analysts expect that Invacare Corporation will post ($1.51) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were paid a dividend of $0.0125 per share. The ex-dividend date was Thursday, June 29th. This represents a $0.05 annualized dividend and a yield of 0.36%. Invacare Corporation’s payout ratio is presently -2.59%.

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Several brokerages have weighed in on IVC. BidaskClub downgraded Invacare Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. ValuEngine raised Invacare Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Stephens raised Invacare Corporation from an “equal weight” rating to an “overweight” rating in a research note on Friday, April 28th. Zacks Investment Research cut Invacare Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Finally, Sidoti reissued a “neutral” rating and set a $12.00 target price (down from $14.00) on shares of Invacare Corporation in a research note on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $14.50.

In other Invacare Corporation news, Director Dale C. Laporte sold 2,737 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $14.95, for a total transaction of $40,918.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.

Invacare Corporation 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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Institutional Ownership by Quarter for Invacare Corporation (NYSE:IVC)

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