Meyer Handelman Co. Makes New Investment in Wyndham Destinations (NASDAQ:WYND)
Meyer Handelman Co. acquired a new position in Wyndham Destinations (NASDAQ:WYND) in the 2nd quarter, HoldingsChannel reports. The firm acquired 60,000 shares of the company’s stock, valued at approximately $2,634,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Machina Capital S.A.S. boosted its stake in shares of Wyndham Destinations by 11.1% during the 2nd quarter. Machina Capital S.A.S. now owns 3,444 shares of the company’s stock worth $151,000 after acquiring an additional 344 shares in the last quarter. NuWave Investment Management LLC acquired a new position in Wyndham Destinations during the second quarter worth approximately $25,000. First Financial Corp IN acquired a new position in Wyndham Destinations during the second quarter worth approximately $26,000. Cerebellum GP LLC acquired a new position in Wyndham Destinations during the second quarter worth approximately $29,000. Finally, Country Trust Bank acquired a new position in Wyndham Destinations during the second quarter worth approximately $34,000.
In other news, Director Stephen P. Holmes sold 50,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $44.25, for a total value of $2,212,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brad Dettmer sold 3,703 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $44.42, for a total transaction of $164,487.26. The disclosure for this sale can be found here. Insiders sold 104,460 shares of company stock valued at $4,602,615 in the last three months.
Shares of Wyndham Destinations stock traded up $0.73 during trading hours on Friday, hitting $46.96. The company’s stock had a trading volume of 678,161 shares, compared to its average volume of 809,894. Wyndham Destinations has a 1-year low of $33.55 and a 1-year high of $47.55. The firm has a fifty day moving average price of $44.44.
Wyndham Destinations (NASDAQ:WYND) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.13. The business had revenue of $918.00 million during the quarter, compared to analyst estimates of $918.92 million. Wyndham Destinations’s quarterly revenue was up 1.2% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Thursday, June 13th.
Wyndham Destinations Company Profile
Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.
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