Core-Mark Holding Company, Inc. (NASDAQ:CORE) shares traded up 0.8% during mid-day trading on Friday . The company traded as high as $31.70 and last traded at $31.53. 14,278 shares were traded during mid-day trading, a decline of 96% from the average session volume of 361,863 shares. The stock had previously closed at $31.29.
A number of research analysts have issued reports on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $30.00 price target (up previously from $21.00) on shares of Core-Mark in a report on Wednesday. BidaskClub raised shares of Core-Mark from a “buy” rating to a “strong-buy” rating in a report on Thursday. Stephens raised shares of Core-Mark from an “equal weight” rating to an “overweight” rating and set a $35.00 price target for the company in a report on Wednesday. Zacks Investment Research raised shares of Core-Mark from a “sell” rating to a “hold” rating in a report on Monday, August 6th. Finally, ValuEngine raised shares of Core-Mark from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Core-Mark currently has an average rating of “Buy” and an average price target of $31.50.
The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.92. The firm has a market capitalization of $1.43 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.97 and a beta of 0.63.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Tuesday, August 28th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, August 27th. This represents a $0.40 annualized dividend and a dividend yield of 1.27%. Core-Mark’s dividend payout ratio (DPR) is presently 40.00%.
In other news, VP Christopher Hobson purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The shares were bought at an average price of $18.80 per share, for a total transaction of $47,000.00. Following the completion of the transaction, the vice president now owns 61,167 shares in the company, valued at $1,149,939.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary F. Colter purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were purchased at an average price of $18.34 per share, for a total transaction of $91,700.00. Following the transaction, the director now owns 119,473 shares of the company’s stock, valued at approximately $2,191,134.82. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 9,430 shares of company stock valued at $178,477. 2.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in CORE. BlackRock Inc. grew its position in Core-Mark by 10.3% during the second quarter. BlackRock Inc. now owns 6,504,225 shares of the business services provider’s stock valued at $147,646,000 after buying an additional 609,424 shares during the period. Dimensional Fund Advisors LP grew its position in Core-Mark by 18.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,579,930 shares of the business services provider’s stock valued at $58,565,000 after buying an additional 405,500 shares during the period. Segall Bryant & Hamill LLC grew its position in Core-Mark by 236.8% during the second quarter. Segall Bryant & Hamill LLC now owns 471,527 shares of the business services provider’s stock valued at $10,704,000 after buying an additional 331,530 shares during the period. Royce & Associates LP grew its position in Core-Mark by 14.8% during the second quarter. Royce & Associates LP now owns 2,486,953 shares of the business services provider’s stock valued at $56,454,000 after buying an additional 321,322 shares during the period. Finally, Comerica Bank grew its position in Core-Mark by 87.5% during the first quarter. Comerica Bank now owns 396,447 shares of the business services provider’s stock valued at $8,413,000 after buying an additional 184,953 shares during the period. Institutional investors own 97.68% of the company’s stock.
Core-Mark Company Profile
Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.
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