The stock last traded at $23.47 which is just over the 50 day moving average of $22.28 and which is quite a bit higher than the 200 day moving average of $21.14. The 50 day moving average went up $1.19 or +5.32% and the 200 day average went up $2.33 or +11.04%. 206K shares changed hands on Tuesday. Trading volume was down 3.83% under the stocks average daily volume.
Short traders are feeling a little more bullish on shares of Investment Technology Group, In of late if you watch the decrease in short interest. The stock had a fall in short interest between September 29, 2017 and October 13, 2017 of -8.00%. Short interest fell from 790,744 to 727,498 over that period. Days to cover decreased from 4.0 to 3.0 and the percentage of shorted shares was 0.02% on October 13.
The following firms have recently changed their position in ITG. As of the end of the quarter Meeder Asset Management Inc had bought a total of 174 shares growing its position 122.5%. The value of the investment in Investment Technology Group, In went from $3,000 to $7,000 a change of 133.3% for the reporting period. As of quarter end Shell Asset Management CO had disposed of 1,000 shares trimming its holdings by 2.3%. The value of the investment in ITG increased from $931,000 to $948,000 increasing 1.8% quarter to quarter.
As of the end of the quarter Alpha Windward LLC had acquired 1,080 shares growing its stake by 4.9%. The value in dollars increased from $469,000 to $513,000 a change of $44,000 since the last quarter. As of quarter end Nationwide Fund Advisors had disposed of a total of 2,142 shares trimming its stake by 3.0%. The value of the total investment in Investment Technology Group, In increased from $1,530,000 to $1,547,000 a change of 1.1% quarter over quarter.
The company is trading up by 0.13% since yesterday’s close of $23.47. The company recently declared a dividend that was paid on Friday the 15th of September 2017. The dividend was $0.070 per share for the quarter or $0.28 annualized. This dividend represents a yield of $1.17 which is the dividend as a percentage of the current share price. The ex-dividend date was Friday the 18th of August 2017.
As of the last earnings report the EPS was $-0.26 and is projected to be $0.50 for the current year with 33,125,000 shares now outstanding. Next quarter’s EPS is expected be $0.16 and the next full year EPS is anticipated 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..