Tower Research Capital LLC TRC Purchases 6,427 Shares of GameStop Corp. (GME)
Tower Research Capital LLC TRC boosted its stake in GameStop Corp. (NYSE:GME) by 163.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,353 shares of the company’s stock after buying an additional 6,427 shares during the period. Tower Research Capital LLC TRC’s holdings in GameStop Corp. were worth $275,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of 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 last quarter. Acrospire Investment Management LLC acquired a new position in shares of GameStop Corp. during the first quarter worth about $117,000. Penserra Capital Management LLC increased its position in shares of 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 last quarter. Americafirst Capital Management LLC acquired a new position in shares of GameStop Corp. during the second quarter worth about $150,000. Finally, BlueMountain Capital Management LLC acquired a new position in shares of GameStop Corp. during the first quarter worth about $156,000.
Shares of GameStop Corp. (NYSE:GME) opened at 28.13 on Thursday. GameStop Corp. has a 1-year low of $24.33 and a 1-year high of $47.62. The stock has a 50 day moving average price of $29.34 and a 200 day moving average price of $29.51. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 7.42 and a beta of 1.03.
GameStop Corp. (NYSE:GME) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. GameStop Corp. had a return on equity of 19.44% and a net margin of 4.35%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the company posted $0.31 earnings per share. The business’s quarterly 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Friday, September 9th will be given a $0.37 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $1.48 dividend on an annualized basis and a yield of 5.26%. GameStop Corp.’s payout ratio is currently 39.05%.
A number of research analysts have recently issued reports on the company. Bank of America Corp. reaffirmed a “buy” rating on shares of GameStop Corp. in a report on Sunday, July 17th. Pacific Crest reissued a “hold” rating on shares of GameStop Corp. in a report on Sunday, May 29th. Robert W. Baird reissued a “buy” rating on shares of GameStop Corp. in a report on Sunday, May 29th. Wedbush set a $36.00 target price on GameStop Corp. and gave the company a “buy” rating in a report on Sunday, August 28th. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of GameStop Corp. in a report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.57.
In related news, EVP Michael Mauler purchased 10,000 shares of GameStop Corp. stock in a transaction dated Thursday, September 15th. The stock was bought at an average cost of $26.91 per share, for a total transaction of $269,100.00. Following the transaction, the executive vice president now owns 120,922 shares in the company, valued at $3,254,011.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.
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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