Hillsdale Investment Management Inc. Buys 48,990 Shares of FirstService Co. (NASDAQ:FSV)

Hillsdale Investment Management Inc. grew its position in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 97,980.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,040 shares of the financial services provider's stock after buying an additional 48,990 shares during the quarter. Hillsdale Investment Management Inc. owned 0.11% of FirstService worth $8,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sei Investments Co. boosted its stake in shares of FirstService by 13.9% during the 4th quarter. Sei Investments Co. now owns 11,711 shares of the financial services provider's stock worth $2,120,000 after acquiring an additional 1,425 shares during the last quarter. American Century Companies Inc. grew its holdings in FirstService by 36.2% during the fourth quarter. American Century Companies Inc. now owns 543,163 shares of the financial services provider's stock valued at $98,380,000 after purchasing an additional 144,234 shares during the period. Quantbot Technologies LP increased its position in FirstService by 48.5% in the fourth quarter. Quantbot Technologies LP now owns 8,471 shares of the financial services provider's stock worth $1,533,000 after buying an additional 2,766 shares in the last quarter. Signaturefd LLC raised its stake in shares of FirstService by 7.5% in the fourth quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock worth $247,000 after buying an additional 95 shares during the period. Finally, Polen Capital Management LLC lifted its position in shares of FirstService by 16.5% during the 4th quarter. Polen Capital Management LLC now owns 32,771 shares of the financial services provider's stock valued at $5,932,000 after buying an additional 4,634 shares in the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

FSV has been the subject of several analyst reports. StockNews.com raised shares of FirstService from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Raymond James boosted their price objective on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $201.67.

FirstService Price Performance

Shares of NASDAQ FSV traded down $0.04 during mid-day trading on Wednesday, hitting $171.44. 108,821 shares of the company's stock traded hands, compared to its average volume of 94,964. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The company's 50-day moving average is $175.37 and its two-hundred day moving average is $181.55. The company has a market capitalization of $7.79 billion, a P/E ratio of 57.72 and a beta of 1.12.

FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be paid a $0.275 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.10 annualized dividend and a yield of 0.64%. This is an increase from FirstService's previous quarterly dividend of $0.25. FirstService's dividend payout ratio (DPR) is presently 37.04%.

About FirstService

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.