Shares are trading at $23.29 which is just over $21.75, the 50 day moving average and much higher than the 200 day moving average of $20.97. The 50 day moving average went up by +7.10% and the 200 day average went up $2.32 or +11.06%. (NYSE:ITG) shares saw light trading volume with 139K shares changing hands by the end of trading on Tuesday. Overall, volume was down 42.05% under the stocks normal daily volume.
Short traders are feeling a little more bullish on shares of the company lately as shown by the change in short interest. The stock had a fall in short interest of -5.08% as of September 29, 2017 from the last reporting period. Short interest decreased 42,288 over that timeframe. With short interest at 790,744 and short average daily volume at 224,559, the short-interest ratio is 4.0 and the percentage of shorted shares was 0.02% on September 29.
The following firms have recently changed their position in ITG. Louisiana State Employees Retirement System bolstered its holdings by buying 600 shares an increase of 4.7% in the quarter. Louisiana State Employees Retirement System now controls 13,400 shares worth $297,000. The value of the position overall is up by 9.2%. As of the end of the quarter Meeder Asset Management Inc had bought a total of 174 shares growing its holdings by 122.5%. The value of the total investment in Investment Technology Group, In increased from $3,000 to $7,000 a change of 133.3% quarter to quarter.
Shell Asset Management CO reduced its stake by selling 1,000 shares a decrease of 2.3% from 06/30/2017 to 09/30/2017. Shell Asset Management CO owns 42,833 shares valued at $948,000. The total value of its holdings increased 1.8%. As of quarter end Alpha Windward LLC had acquired 1,080 shares growing its stake by 4.9%. The value in dollars went from $469,000 to $513,000 a change of $44,000 since the last quarter.
In the market the company is trading up since yesterday’s close of 23.2. The company recently declared a dividend which was paid on Friday the 15th of September 2017. The dividend was $0.070 per share for the quarter or $0.28 annualized. The dividend yield was $1.20. The ex-dividend date was Friday the 18th of August 2017.
As of the latest earnings report the EPS was $-0.26 and is projected to be $0.50 for the current year with 33,125,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.16 and the next full year EPS is projected to be $1.17.
Investment Technology Group, Inc. (ITG), launched on March 10, 1994, is a financial technology company that helps brokers and asset managers improve returns for investors around the world. The Company operates through four segments: U.S. Operations, Canadian Operations, European Operations and Asia Pacific Operations. These four operating segments provide categories of products and services, such as Execution Services, Workflow Technology and Analytics..