Primoris Services Corp (PRIM)

Board of Directors Declares $0.055 Per Share Cash Dividend

Jonathan Heller updates on his portfolio of select small-cap dividend stocks. Patience is the key to success here, he writes.

Just 11 of the 25 names in this portfolio are in positive territory since its Jan. 1 inception, but small-caps value stocks in general haven't done much this year.

The rising market tide isn't lifting all boats, as many value names among smaller companies have not shined so far this year.

In recent trading, shares of Primoris Services Corp have crossed above the average analyst 12-month target price of $25.25, changing hands for $25.79/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

Here are Friday's top research calls, including upgrades for Ford, Intel and Wynn Resorts, and a downgrade for Whirlpool.

In recent trading, shares of Primoris Services Corp have crossed above the average analyst 12-month target price of $24.08, changing hands for $24.42/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

WesBanco and EMC Insurance Group are among the fresh faces that are part of this year's 25 portfolio companies.

In recent trading, shares of Primoris Services Corp have crossed above the average analyst 12-month target price of $24.08, changing hands for $24.29/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

In trading on Tuesday, shares of Primoris Services Corp crossed above their 200 day moving average of $20.53, changing hands as high as $21.49 per share. Primoris Services Corp shares are currently trading up about 7.1% on the day.

The most recent short interest data has been released for the 09/15/2016 settlement date, which shows a 318,280 share increase in total short interest for Primoris Services Corp , to 3,470,301, an increase of 10.10% since 08/31/2016. 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.

The most recent short interest data has been released for the 08/15/2016 settlement date, which shows a 692,646 share decrease in total short interest for Primoris Services Corp , to 2,881,996, a decrease of 19.38% since 07/29/2016. 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.

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.

In trading on Tuesday, shares of Primoris Services Corp crossed below their 200 day moving average of $20.80, changing hands as low as $20.50 per share. Primoris Services Corp shares are currently trading off about 1.8% on the day.