EJF Capital LLC Takes Position in Student Transportation Inc (STB)

EJF Capital LLC purchased a new stake in shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,000 shares of the transportation company’s stock, valued at approximately $292,000. EJF Capital LLC owned 0.05% of Student Transportation at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. CIBC World Markets Inc. raised its stake in shares of Student Transportation by 9.3% in the first quarter. CIBC World Markets Inc. now owns 2,252,289 shares of the transportation company’s stock worth $13,198,000 after buying an additional 191,838 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Student Transportation by 10.1% in the first quarter. Renaissance Technologies LLC now owns 1,485,671 shares of the transportation company’s stock worth $8,706,000 after buying an additional 136,427 shares in the last quarter. Global X Management Co. LLC purchased a new stake in shares of Student Transportation during the first quarter worth $8,006,000. Morgan Stanley raised its stake in shares of Student Transportation by 0.8% in the first quarter. Morgan Stanley now owns 1,032,678 shares of the transportation company’s stock worth $6,052,000 after buying an additional 7,912 shares in the last quarter. Finally, WealthTrust Axiom LLC raised its stake in shares of Student Transportation by 14.3% in the first quarter. WealthTrust Axiom LLC now owns 1,017,794 shares of the transportation company’s stock worth $5,964,000 after buying an additional 127,040 shares in the last quarter. Institutional investors own 25.73% of the company’s stock.

Institutional Ownership by Quarter for Student Transportation (NASDAQ:STB)

Shares of Student Transportation Inc (NASDAQ STB) traded down 0.51% during midday trading on Tuesday, reaching $5.91. The company had a trading volume of 93,410 shares. Student Transportation Inc has a one year low of $4.89 and a one year high of $6.13. The company has a market capitalization of $558.68 million, a PE ratio of 76.75 and a beta of 0.75. The company has a 50 day moving average of $5.90 and a 200 day moving average of $5.74.

Student Transportation (NASDAQ:STB) (TSE:STB) last released its quarterly earnings results on Wednesday, May 10th. The transportation company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Student Transportation had a return on equity of 6.89% and a net margin of 1.34%. The business had revenue of $185.20 million for the quarter, compared to the consensus estimate of $182.02 million. During the same quarter last year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts predict that Student Transportation Inc will post $0.08 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a dividend of $0.0367 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.44 dividend on an annualized basis and a yield of 7.45%. Student Transportation’s payout ratio is 488.89%.

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Separately, National Bank Financial lowered Student Transportation from an “outperform” rating to a “sector perform” rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.88.

Student Transportation Company Profile

Student Transportation Inc is engaged in providing school bus transportation services in North America. The Company operates through two segments: transportation, and oil and gas. The transportation segment provides school bus and management services to public and private schools in North America. The oil and gas segment represents the Company’s investments as a non-operator in oil and gas interests.

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