425,017 Shares in Navigant Consulting, Inc. (NCI) Acquired by WINTON GROUP Ltd
WINTON GROUP Ltd acquired a new position in shares of Navigant Consulting, Inc. (NYSE:NCI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 425,017 shares of the business services provider’s stock, valued at approximately $9,410,000. WINTON GROUP Ltd owned approximately 0.94% of Navigant Consulting at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new stake in shares of Navigant Consulting during the second quarter worth $109,000. Summit Trail Advisors LLC bought a new stake in shares of Navigant Consulting during the first quarter worth $114,000. Koch Industries Inc. bought a new stake in shares of Navigant Consulting during the first quarter worth $199,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Navigant Consulting during the second quarter worth $212,000. Finally, Pitcairn Co. bought a new stake in shares of Navigant Consulting during the first quarter worth $214,000. Hedge funds and other institutional investors own 92.93% of the company’s stock.
NCI traded down $0.56 during midday trading on Friday, reaching $21.67. 311,336 shares of the company were exchanged, compared to its average volume of 295,216. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.21. Navigant Consulting, Inc. has a one year low of $15.23 and a one year high of $25.85. The stock has a market cap of $1.04 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 3.97 and a beta of 0.84.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, September 7th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, September 6th. Navigant Consulting’s dividend payout ratio is currently 18.35%.
NCI has been the topic of several recent research reports. Barrington Research raised their price target on Navigant Consulting to $30.00 and gave the company an “outperform” rating in a report on Thursday, August 23rd. Zacks Investment Research cut Navigant Consulting from a “buy” rating to a “hold” rating in a report on Monday, July 9th. ValuEngine cut Navigant Consulting from a “buy” rating to a “hold” rating in a report on Friday, June 29th. Finally, William Blair restated a “hold” rating on shares of Navigant Consulting in a report on Sunday, August 12th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Navigant Consulting has a consensus rating of “Buy” and a consensus price target of $27.50.
In related news, CFO Stephen R. Lieberman sold 3,000 shares of Navigant Consulting stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $24.24, for a total value of $72,720.00. Following the sale, the chief financial officer now owns 53,513 shares of the company’s stock, valued at approximately $1,297,155.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lee A. Spirer sold 19,800 shares of Navigant Consulting stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $24.08, for a total value of $476,784.00. Following the completion of the sale, the executive vice president now directly owns 87,446 shares in the company, valued at approximately $2,105,699.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,575 shares of company stock worth $1,258,383. 2.75% of the stock is currently owned by insiders.
Navigant Consulting Profile
Navigant Consulting, Inc provides professional services to corporate executives and senior management, corporate counsel, law firms, corporate boards, special committees, and governmental agencies worldwide. It operates through four segments: Healthcare; Energy; Financial Services Advisory and Compliance; and Disputes, Forensics and Legal Technology.
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