Short stake in Hilltop Holdings Inc. (NYSE:HTH) drops 29.1%

Hilltop Holdings Inc. (NYSE: HTH – Get a rating) saw a sharp decline in short-term interest in June. As of June 15, there was short interest totaling 8,410,000 shares, down 29.1% from the total of 11,870,000 shares as of May 31. Currently, 12.2% of the company’s shares are sold short. Based on an average daily trading volume of 1,320,000 shares, the short interest ratio is currently 6.4 days.

Shares of NYSE HTH traded at $0.69 during Friday trading hours, hitting $27.35. 718,453 shares were traded, against an average volume of 933,363. The company has a market capitalization of $2.17 billion, a PE ratio of 8.00 and a beta of 1.10. The company has a fifty-day moving average price of $28.51 and a 200-day moving average price of $30.94. Hilltop has a 12-month low of $25.07 and a 12-month high of $38.47.

Hilltop (NYSE:HTH- Get a rating) last released its quarterly earnings data on Thursday, April 21. The financial services provider reported EPS of $0.28 for the quarter, missing the consensus estimate of $0.51 per ($0.23). The company posted revenue of $316.42 million for the quarter, versus a consensus estimate of $376.49 million. Hilltop had a return on equity of 11.01% and a net margin of 16.15%. The company’s revenue decreased by 39.5% compared to the same quarter last year. In the same quarter last year, the company achieved EPS of $1.46. Research analysts predict that Hilltop will post 1.51 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, May 27. Investors of record on Friday, May 13 received a dividend of $0.15 per share. The ex-dividend date was Thursday, May 12. This represents an annualized dividend of $0.60 and a dividend yield of 2.19%. Hilltop’s dividend payout ratio (DPR) is currently 17.54%.

Several equity research analysts have recently weighed in on the stock. TheStreet upgraded Hilltop’s shares from a “b” to a “c+” rating in a Friday, April 22 research report. cut shares of Hilltop from a “hold” rating to a “sell” rating in a Tuesday, June 14 research report.

Hedge funds and other institutional investors have recently been buying and selling stocks. Nordea Investment Management AB increased its stake in Hilltop by 1.3% during the 1st quarter. Nordea Investment Management AB now owns 247,698 shares of the financial services provider valued at $7,448,000 after buying 3,126 additional shares last quarter. Allspring Global Investments Holdings LLC acquired a new position in Hilltop during Q4 worth approximately $1,744,000. Westwood Holdings Group Inc. increased its stake in Hilltop by 28.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 932,919 shares of the financial services provider valued at $32,783,000 after buying an additional 208,314 shares last quarter. Yousif Capital Management LLC acquired a new position in Hilltop during Q4 worth approximately $1,978,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Hilltop during Q4 worth approximately $277,000. Hedge funds and other institutional investors hold 63.52% of the company’s shares.

About Hilltop (Get a rating)

Hilltop Holdings Inc provides corporate and personal banking, financial products and services. It operates through three segments: Banking, Broker-Dealer and Mortgage Origination. The Banking segment offers savings, checking, interest-bearing checking and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, securities purchase and transportation loans, equipment loans and leases, agricultural and commercial real estate loans and other loans; and commercial and industrial loans, and term and construction financing.

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