GSA Capital Partners LLP Invests $215,000 in Overstock.com Inc (OSTK) Stock
GSA Capital Partners LLP acquired a new position in shares of Overstock.com Inc (NASDAQ:OSTK) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,236 shares of the company’s stock, valued at approximately $215,000.
A number of other institutional investors have also modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new position in Overstock.com during the 3rd quarter worth $448,000. Cornerstone Capital Management Holdings LLC. grew its position in Overstock.com by 46.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 171,338 shares of the company’s stock worth $5,088,000 after purchasing an additional 54,700 shares during the last quarter. Partnervest Advisory Services LLC purchased a new stake in shares of Overstock.com in the third quarter valued at about $244,000. Dimensional Fund Advisors LP boosted its holdings in shares of Overstock.com by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,631,200 shares of the company’s stock valued at $48,446,000 after acquiring an additional 53,031 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Overstock.com by 87.9% in the third quarter. Wells Fargo & Company MN now owns 16,873 shares of the company’s stock valued at $501,000 after acquiring an additional 7,893 shares in the last quarter. 47.74% of the stock is currently owned by institutional investors.
Shares of Overstock.com Inc (NASDAQ:OSTK) opened at $78.95 on Friday. The firm has a market cap of $1,980.00, a PE ratio of -183.60 and a beta of 1.36. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 0.33. Overstock.com Inc has a fifty-two week low of $13.75 and a fifty-two week high of $89.80.
Overstock.com (NASDAQ:OSTK) last issued its earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. The business had revenue of $424.00 million for the quarter, compared to the consensus estimate of $452.60 million. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. The company’s revenue was down 4.0% on a year-over-year basis. sell-side analysts expect that Overstock.com Inc will post -0.47 EPS for the current year.
In related news, SVP Vikram Raghavan sold 624 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $52.00, for a total value of $32,448.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan E. Johnson III sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $46.80, for a total transaction of $187,200.00. Following the completion of the sale, the insider now owns 44,092 shares of the company’s stock, valued at approximately $2,063,505.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,386 shares of company stock worth $1,279,021. Insiders own 28.90% of the company’s stock.
Several analysts have recently weighed in on the stock. BidaskClub raised shares of Overstock.com from a “buy” rating to a “strong-buy” rating in a report on Tuesday. DA Davidson lifted their target price on shares of Overstock.com from $85.00 to $110.00 and gave the company a “buy” rating in a report on Monday, January 8th.
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Overstock.com Company Profile
Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.
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