47,405 Shares in GameStop Corp. (GME) Acquired by Mason Street Advisors LLC
Mason Street Advisors LLC acquired a new stake in GameStop Corp. (NYSE:GME) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 47,405 shares of the company’s stock, valued at approximately $1,260,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GME. WFG Advisors LP increased its position in GameStop Corp. by 8.8% in the second quarter. WFG Advisors LP now owns 3,950 shares of the company’s stock worth $105,000 after buying an additional 320 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in GameStop Corp. by 32.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,415 shares of the company’s stock worth $108,000 after buying an additional 840 shares during the period. Acrospire Investment Management LLC bought a new position in GameStop Corp. during the first quarter worth $117,000. Penserra Capital Management LLC increased its position in GameStop Corp. by 12.3% in the second quarter. Penserra Capital Management LLC now owns 4,938 shares of the company’s stock worth $131,000 after buying an additional 542 shares during the period. Finally, Americafirst Capital Management LLC bought a new position in GameStop Corp. during the second quarter worth $150,000.
GameStop Corp. (NYSE:GME) opened at 28.13 on Thursday. GameStop Corp. has a one year low of $24.33 and a one year high of $47.62. The company has a market cap of $2.92 billion, a PE ratio of 7.42 and a beta of 1.03. The stock has a 50 day moving average price of $29.34 and a 200 day moving average price of $29.51.
GameStop Corp. (NYSE:GME) last released its earnings results on Thursday, August 25th. The company reported $0.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.27. GameStop Corp. had a net margin of 4.35% and a return on equity of 19.44%. The firm earned $1.63 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm earned $0.31 EPS. The company’s revenue was down 7.4% compared to the same quarter last year. On average, equities analysts anticipate that GameStop Corp. will post $3.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Friday, September 9th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Wednesday, September 7th. GameStop Corp.’s dividend payout ratio is currently 39.05%.
GME has been the topic of a number of analyst reports. Pacific Crest reissued a “hold” rating on shares of GameStop Corp. in a research note on Sunday, August 28th. Bank of America Corp. reissued a “hold” rating on shares of GameStop Corp. in a research note on Sunday, May 29th. Robert W. Baird reaffirmed a “buy” rating on shares of GameStop Corp. in a research note on Sunday, May 29th. Hilliard Lyons raised GameStop Corp. from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Friday, September 9th. Finally, Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of GameStop Corp. in a research note on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. GameStop Corp. presently has an average rating of “Buy” and an average target price of $36.57.
In related news, EVP Michael Mauler bought 10,000 shares of GameStop Corp. stock in a transaction dated Thursday, September 15th. The stock was purchased at an average cost of $26.91 per share, with a total value of $269,100.00. Following the transaction, the executive vice president now directly owns 120,922 shares of the company’s stock, valued at $3,254,011.02. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.
GameStop Corp. Company Profile
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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