Qurate Retail (NASDAQ:QRTEP) Shares Up 5.3% – Here’s What Happened

Qurate Retail, Inc. (NASDAQ:QRTEP) was up 5.3% on Thursday . The company traded as high as $36.35 and last traded at $36.33. Approximately 31,181 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 50,891 shares. The stock had previously closed at $34.50.

Qurate Retail Stock Performance

The company’s 50-day moving average price is $37.98 and its two-hundred day moving average price is $39.72.

Qurate Retail Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $2.00 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $8.00 annualized dividend and a yield of 21.45%.

Hedge Funds Weigh In On Qurate Retail

A hedge fund recently raised its stake in Qurate Retail stock. Shikiar Asset Management Inc. lifted its position in Qurate Retail, Inc. (NASDAQ:QRTEP) by 31.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,500 shares of the company’s stock after acquiring an additional 2,300 shares during the period. Shikiar Asset Management Inc.’s holdings in Qurate Retail were worth $413,000 as of its most recent SEC filing.

Qurate Retail Company Profile

Qurate Retail, Inc, together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.