Dark Forest Capital Management LP Takes Position in ADT Inc. (NYSE:ADT)

Dark Forest Capital Management LP purchased a new position in shares of ADT Inc. (NYSE:ADT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,643 shares of the security and automation business's stock, valued at approximately $329,000.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of ADT in the 4th quarter worth approximately $62,000. Chicago Partners Investment Group LLC bought a new stake in ADT during the fourth quarter worth $74,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in ADT in the fourth quarter worth $73,000. Magnetar Financial LLC bought a new position in ADT in the 4th quarter valued at $73,000. Finally, Federated Hermes Inc. increased its position in shares of ADT by 15.8% during the 4th quarter. Federated Hermes Inc. now owns 10,600 shares of the security and automation business's stock valued at $73,000 after purchasing an additional 1,449 shares during the last quarter. 87.22% of the stock is owned by institutional investors.

ADT Stock Up 1.0 %

ADT stock opened at $7.83 on Monday. The stock has a fifty day moving average of $7.80 and a 200-day moving average of $7.49. ADT Inc. has a fifty-two week low of $6.42 and a fifty-two week high of $8.39. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 8.51 and a beta of 1.42. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.64 and a current ratio of 0.81.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.81%. ADT's dividend payout ratio is presently 37.93%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ADT shares. Royal Bank of Canada restated a "sector perform" rating and set a $9.00 price target on shares of ADT in a research report on Monday, April 21st. Barclays raised shares of ADT from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $7.00 to $9.00 in a research report on Friday, April 4th.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.

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