|Day Low/High||14.28 / 14.48|
|52 Wk Low/High||10.50 / 17.03|
Investors eyeing a purchase of EPIQ Systems Inc shares, but cautious about paying the going market price of $15.03/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $12.50 strike, which has a bid at the time of this writing of 70 cents.
Dashboard Addresses Need for Data Insight in Interactive, User-Friendly Format
Looking at the universe of stocks we cover at Dividend Channel, on 5/19/16, EPIQ Systems Inc will trade ex-dividend, for its quarterly dividend of $0.09, payable on 7/5/16. As a percentage of EPIQ's recent stock price of $13.89, this dividend works out to approximately 0.65%, so look for shares of EPIQ Systems Inc to trade 0.65% lower — all else being equal — when EPIQ shares open for trading on 5/19/16.
Portfolio manager Lamar Villere is a fan of Epiq Systems, 2U, LKQ and Skyworks Solutions
Shares of Epiq Systems are up 14 percent year-to-date and will likely head even higher now that the legal software provider has started to address its governance issues.
The most recent short interest data has been released for the 04/15/2016 settlement date, which shows a 1,387,839 share increase in total short interest for EPIQ Systems Inc , to 2,022,723, an increase of 218.60% since 03/31/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
Believes Board Change Would Drive Management Accountability and Maximize Shareholder Value
Looking at the universe of stocks we cover at Dividend Channel, on 3/31/16, EPIQ Systems Inc will trade ex-dividend, for its quarterly dividend of $0.09, payable on 5/2/16. As a percentage of EPIQ's recent stock price of $13.90, this dividend works out to approximately 0.65%, so look for shares of EPIQ Systems Inc to trade 0.65% lower — all else being equal — when EPIQ shares open for trading on 3/31/16.
Shareholders of EPIQ Systems Inc looking to boost their income beyond the stock's 2.5% annualized dividend yield can sell the October covered call at the $15 strike and collect the premium based on the $1.35 bid, which annualizes to an additional 14.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 17.4% annualized rate in the scenario where the stock is not called away. Any upside above $15 would be lost if the stock rises there and is called away, but EPIQ shares would have to advance 4.7% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 14.1% return from this trading level, in addition to any dividends collected before the stock was called.