Trading Report: The Sun Hydraulics Corp. (SNHY) Director Sold $257,360.00 in Stock

The Sun Hydraulics Corp. (SNHY) Director Sold $257,360.00 in Stock

Sun Hydraulics Corp. (NASDAQ:SNHY) Director Christine L. Koski sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $32.17, for a total transaction of $257,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sun Hydraulics Corp. (NASDAQ:SNHY) opened at 30.85 on Monday. The company has a 50 day moving average of $30.67 and a 200-day moving average of $31.06. Sun Hydraulics Corp. has a 52-week low of $24.00 and a 52-week high of $35.93. The stock has a market capitalization of $830.54 million, a P/E ratio of 28.80 and a beta of 2.08.

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Friday, September 30th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.36 dividend on an annualized basis and a yield of 1.17%. Sun Hydraulics Corp.’s payout ratio is 33.33%.

SNHY has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Sun Hydraulics Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. TheStreet downgraded shares of Sun Hydraulics Corp. from a “buy” rating to a “hold” rating in a research report on Monday, June 20th.

Large investors have recently added to or reduced their stakes in the stock. Brown Capital Management LLC boosted its position in shares of Sun Hydraulics Corp. by 0.5% in the second quarter. Brown Capital Management LLC now owns 4,131,196 shares of the company’s stock worth $122,655,000 after buying an additional 21,850 shares during the period. Vanguard Group Inc. boosted its position in shares of Sun Hydraulics Corp. by 1.7% in the second quarter. Vanguard Group Inc. now owns 1,652,713 shares of the company’s stock worth $49,069,000 after buying an additional 27,122 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Sun Hydraulics Corp. by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 842,240 shares of the company’s stock worth $25,006,000 after buying an additional 28,664 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of Sun Hydraulics Corp. by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 601,525 shares of the company’s stock worth $19,965,000 after buying an additional 6,105 shares during the period. Finally, BlackRock Fund Advisors boosted its position in shares of Sun Hydraulics Corp. by 2.5% in the second quarter. BlackRock Fund Advisors now owns 549,194 shares of the company’s stock worth $16,306,000 after buying an additional 13,523 shares during the period. Hedge funds and other institutional investors own 75.98% of the company’s stock.

About Sun Hydraulics Corp.

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