Hilton Capital Management LLC Reduces Stock Position in Maximus, Inc. (NYSE:MMS)

Hilton Capital Management LLC cut its holdings in Maximus, Inc. (NYSE:MMS) by 28.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,924 shares of the health services provider’s stock after selling 5,792 shares during the period. Hilton Capital Management LLC’s holdings in Maximus were worth $1,390,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MMS. V Square Quantitative Management LLC acquired a new position in Maximus during the third quarter valued at approximately $25,000. GAMMA Investing LLC grew its position in shares of Maximus by 224.5% in the 2nd quarter. GAMMA Investing LLC now owns 344 shares of the health services provider’s stock worth $29,000 after acquiring an additional 238 shares in the last quarter. Blue Trust Inc. boosted its holdings in Maximus by 201.5% in the second quarter. Blue Trust Inc. now owns 392 shares of the health services provider’s stock worth $33,000 after purchasing an additional 262 shares during the period. Archer Investment Corp boosted its holdings in shares of Maximus by 8,788.9% in the 2nd quarter. Archer Investment Corp now owns 800 shares of the health services provider’s stock valued at $69,000 after buying an additional 791 shares during the period. Finally, Ariadne Wealth Management LP acquired a new position in Maximus in the second quarter valued at approximately $90,000. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Maximus

In other Maximus news, insider Michelle F. Link sold 1,363 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $92.56, for a total transaction of $126,159.28. Following the sale, the insider now owns 6,567 shares in the company, valued at approximately $607,841.52. The trade was a 17.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Maximus Price Performance

NYSE MMS opened at $80.53 on Thursday. Maximus, Inc. has a 52 week low of $76.46 and a 52 week high of $93.97. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 16.88 and a beta of 0.77. The company has a 50-day moving average price of $88.64 and a two-hundred day moving average price of $88.13. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.61.

Maximus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, November 30th. Investors of record on Friday, November 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, November 15th. Maximus’s payout ratio is currently 25.16%.

Maximus Company Profile

Maximus, Inc operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments.