16,868 Shares in Movado Group, Inc. (NYSE:MOV) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new stake in Movado Group, Inc. (NYSE:MOV) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 16,868 shares of the company’s stock, valued at approximately $314,000. Quadrature Capital Ltd owned approximately 0.08% of Movado Group at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Denali Advisors LLC raised its stake in Movado Group by 101.0% in the second quarter. Denali Advisors LLC now owns 193,800 shares of the company’s stock valued at $4,818,000 after purchasing an additional 97,400 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Movado Group by 467.9% in the 2nd quarter. Squarepoint Ops LLC now owns 99,083 shares of the company’s stock valued at $2,463,000 after buying an additional 81,637 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Movado Group in the 3rd quarter valued at approximately $1,343,000. Sanctuary Advisors LLC bought a new stake in shares of Movado Group during the 2nd quarter worth approximately $1,497,000. Finally, VELA Investment Management LLC acquired a new stake in shares of Movado Group during the 3rd quarter worth approximately $955,000. 72.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Movado Group from a “buy” rating to a “hold” rating in a research report on Friday, September 6th.

Movado Group Stock Up 0.8 %

NYSE:MOV opened at $20.95 on Wednesday. Movado Group, Inc. has a twelve month low of $17.86 and a twelve month high of $31.44. The stock’s 50-day simple moving average is $19.48 and its 200 day simple moving average is $22.22. The firm has a market capitalization of $465.55 million, a PE ratio of 20.14 and a beta of 1.04.

Movado Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.35 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.68%. Movado Group’s payout ratio is currently 134.62%.

About Movado Group

Movado Group, Inc designs, sources, markets, and distributes watches in the United States and internationally. The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein.