IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Gap Up to $8.91

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) gapped up before the market opened on Friday . The stock had previously closed at $8.91, but opened at $9.23. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $9.23, with a volume of 1,391 shares.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 0.3 %

The company has a fifty day simple moving average of $10.11 and a two-hundred day simple moving average of $9.11. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19. The company has a market cap of $684.22 million, a PE ratio of 14.54 and a beta of 1.40.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter. The business had revenue of $71.62 million during the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a return on equity of 29.02% and a net margin of 8.94%.

IRSA Inversiones y Representaciones Sociedad Anónima Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, June 11th. Stockholders of record on Monday, June 3rd were given a dividend of $0.6303 per share. The ex-dividend date of this dividend was Monday, June 3rd. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio is currently 99.80%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

A number of large investors have recently made changes to their positions in the company. Helikon Investments Ltd boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.5% in the 1st quarter. Helikon Investments Ltd now owns 1,266,348 shares of the financial services provider’s stock valued at $11,853,000 after purchasing an additional 42,494 shares during the period. Capricorn Fund Managers Ltd boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 0.8% in the 4th quarter. Capricorn Fund Managers Ltd now owns 189,242 shares of the financial services provider’s stock valued at $1,627,000 after purchasing an additional 1,589 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 31.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,021 shares of the financial services provider’s stock valued at $1,307,000 after purchasing an additional 36,113 shares during the period. RFG Advisory LLC boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 56.9% in the 1st quarter. RFG Advisory LLC now owns 103,657 shares of the financial services provider’s stock valued at $970,000 after purchasing an additional 37,598 shares during the period. Finally, Glenorchy Capital Ltd acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at about $437,000. 45.46% of the stock is owned by institutional investors and hedge funds.

About IRSA Inversiones y Representaciones Sociedad Anónima

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.