Foundry Partners LLC Boosts Stake in Meta Financial Group, Inc. (CASH)
Foundry Partners LLC boosted its position in Meta Financial Group, Inc. (NASDAQ:CASH) by 52.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,517 shares of the savings and loans company’s stock after buying an additional 14,907 shares during the period. Foundry Partners LLC’s holdings in Meta Financial Group were worth $3,873,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Martingale Asset Management L P raised its position in shares of Meta Financial Group by 25.7% in the first quarter. Martingale Asset Management L P now owns 52,808 shares of the savings and loans company’s stock worth $4,674,000 after buying an additional 10,806 shares during the last quarter. John W. Rosenthal Capital Management Inc. raised its stake in Meta Financial Group by 40.0% in the first quarter. John W. Rosenthal Capital Management Inc. now owns 35,000 shares of the savings and loans company’s stock worth $3,098,000 after buying an additional 10,000 shares during the last quarter. Trexquant Investment LP bought a new stake in Meta Financial Group during the first quarter worth approximately $451,000. Zweig DiMenna Associates LLC bought a new stake in Meta Financial Group during the first quarter worth approximately $4,168,000. Finally, Virginia Retirement Systems ET AL bought a new stake in Meta Financial Group during the first quarter worth approximately $407,000. 76.05% of the stock is currently owned by institutional investors.
Meta Financial Group, Inc. (CASH) opened at 71.70 on Tuesday. Meta Financial Group, Inc. has a 52-week low of $55.58 and a 52-week high of $106.90. The company has a market capitalization of $670.32 million, a price-to-earnings ratio of 13.22 and a beta of 0.89. The company’s 50-day moving average price is $84.23 and its 200 day moving average price is $86.83.
TRADEMARK VIOLATION WARNING: This article was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/foundry-partners-llc-boosts-stake-in-meta-financial-group-inc-cash/1489434.html.
A number of research analysts have issued reports on CASH shares. BidaskClub downgraded Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. FBR & Co set a $130.00 price target on Meta Financial Group and gave the stock a “buy” rating in a research note on Thursday, June 1st. ValuEngine raised Meta Financial Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $121.00 price objective on shares of Meta Financial Group in a report on Monday, June 26th. Finally, Zacks Investment Research cut Meta Financial Group from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Meta Financial Group currently has an average rating of “Buy” and an average price target of $104.33.
In other news, Chairman J Tyler Haahr sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $73.07, for a total value of $365,350.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Douglas J. Hajek sold 440 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $90.31, for a total value of $39,736.40. Following the completion of the sale, the director now owns 2,867 shares in the company, valued at $258,918.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,440 shares of company stock worth $1,289,336. Company insiders own 6.06% of the company’s stock.
Meta Financial Group Company Profile
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.
Want to see what other hedge funds are holding CASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Financial Group, Inc. (NASDAQ:CASH).
Receive News & Ratings for Meta Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.