Verdence Capital Advisors LLC Increases Position in Camping World Holdings, Inc. (NYSE:CWH)

Verdence Capital Advisors LLC increased its stake in shares of Camping World Holdings, Inc. (NYSE:CWH) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,603 shares of the company’s stock after buying an additional 965 shares during the period. Verdence Capital Advisors LLC owned about 0.07% of Camping World worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new stake in shares of Camping World during the 3rd quarter worth approximately $191,000. Creative Planning boosted its position in Camping World by 8.7% during the third quarter. Creative Planning now owns 11,133 shares of the company’s stock worth $270,000 after purchasing an additional 892 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in Camping World in the third quarter valued at $240,000. SG Americas Securities LLC purchased a new position in shares of Camping World in the third quarter valued at $318,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Camping World during the 2nd quarter worth $50,000. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Camping World Stock Up 0.8 %

Shares of NYSE:CWH opened at $23.76 on Friday. Camping World Holdings, Inc. has a 1 year low of $17.29 and a 1 year high of $28.72. The stock has a 50-day simple moving average of $22.81 and a 200-day simple moving average of $21.14. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. The stock has a market capitalization of $2.02 billion, a P/E ratio of -34.43 and a beta of 2.49.

Camping World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, September 13th. Camping World’s dividend payout ratio is presently -72.46%.

Insiders Place Their Bets

In other news, CEO Marcus Lemonis sold 125,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the transaction, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 43.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Monness Crespi & Hardt lifted their price objective on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Roth Mkm restated a “buy” rating and issued a $28.00 target price (up from $26.00) on shares of Camping World in a report on Wednesday, October 30th. Raymond James upgraded shares of Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Wednesday, October 30th. Truist Financial upped their price objective on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, KeyCorp lifted their target price on shares of Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.75.

Camping World Company Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.