GAMMA Investing LLC Boosts Stake in Shenandoah Telecommunications (NASDAQ:SHEN)

GAMMA Investing LLC lifted its stake in Shenandoah Telecommunications (NASDAQ:SHEN) by 135.2% in the 4th quarter, HoldingsChannel reports. The firm owned 8,722 shares of the utilities provider’s stock after acquiring an additional 5,013 shares during the period. GAMMA Investing LLC’s holdings in Shenandoah Telecommunications were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc increased its stake in shares of Shenandoah Telecommunications by 10,890.9% in the 4th quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 2,396 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Shenandoah Telecommunications in the 3rd quarter worth $37,000. Quantbot Technologies LP increased its stake in shares of Shenandoah Telecommunications by 570.2% in the 3rd quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 6,244 shares in the last quarter. Quest Partners LLC increased its stake in shares of Shenandoah Telecommunications by 741.0% in the 3rd quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 6,728 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of Shenandoah Telecommunications in the 2nd quarter worth $257,000. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

Shenandoah Telecommunications Trading Down 4.5 %

Shares of SHEN stock opened at $11.98 on Friday. Shenandoah Telecommunications has a 52-week low of $11.87 and a 52-week high of $22.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $654.13 million, a PE ratio of 3.08 and a beta of 0.63. The stock has a fifty day simple moving average of $13.08 and a two-hundred day simple moving average of $14.85.

Shenandoah Telecommunications Increases Dividend

The firm also recently declared an annual dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 5th were paid a $0.10 dividend. This represents a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, November 5th. This is a positive change from Shenandoah Telecommunications’s previous annual dividend of $0.09. Shenandoah Telecommunications’s dividend payout ratio is presently 2.57%.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “buy” rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a research note on Wednesday, November 13th.

Shenandoah Telecommunications Profile

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.