Valhi, Inc. (NYSE:VHI) Position Increased by Spark Investment Management LLC
Spark Investment Management LLC boosted its stake in shares of Valhi, Inc. (NYSE:VHI) by 266.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,100 shares of the basic materials company’s stock after buying an additional 128,000 shares during the period. Spark Investment Management LLC’s holdings in Valhi were worth $524,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Valhi by 162.9% in the fourth quarter. Renaissance Technologies LLC now owns 539,800 shares of the basic materials company’s stock valued at $1,868,000 after buying an additional 334,500 shares during the period. Acadian Asset Management LLC increased its stake in shares of Valhi by 7,057.8% in the second quarter. Acadian Asset Management LLC now owns 200,776 shares of the basic materials company’s stock valued at $599,000 after buying an additional 197,971 shares during the period. Strs Ohio purchased a new stake in shares of Valhi during the second quarter valued at about $245,000. Americafirst Capital Management LLC purchased a new stake in shares of Valhi during the first quarter valued at about $186,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Valhi by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 722,938 shares of the basic materials company’s stock valued at $2,371,000 after buying an additional 44,719 shares during the period. 1.80% of the stock is currently owned by institutional investors.
Shares of Valhi, Inc. (NYSE VHI) opened at 2.58 on Friday. The firm’s 50-day moving average is $3.08 and its 200 day moving average is $3.26. The firm has a market capitalization of $875.06 million, a P/E ratio of 28.67 and a beta of 2.59. Valhi, Inc. has a 52 week low of $1.77 and a 52 week high of $4.10.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Tuesday, September 5th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.10%. Valhi’s payout ratio is 72.73%.
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VHI has been the topic of several recent analyst reports. TheStreet raised shares of Valhi from a “d+” rating to a “c” rating in a research note on Thursday, May 11th. BidaskClub raised shares of Valhi from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th.
Valhi Company Profile
Valhi, Inc is a holding company. The Company operates through four segments: Chemicals, Component Products, Waste Management, and Real Estate Management and Development. The Company operates through its subsidiaries, including NL Industries, Inc, Kronos Worldwide, Inc (Kronos), CompX International Inc (CompX) and Waste Control Specialists LLC (WCS).
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