KCG Holdings Inc. Has $109,000 Stake in Stein Mart, Inc. (NASDAQ:SMRT)
KCG Holdings Inc. boosted its position in Stein Mart, Inc. (NASDAQ:SMRT) by 92.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 36,085 shares of the company’s stock after buying an additional 17,346 shares during the period. KCG Holdings Inc.’s holdings in Stein Mart were worth $109,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Arcus Capital Partners LLC bought a new position in Stein Mart during the first quarter valued at approximately $301,000. Parametric Portfolio Associates LLC boosted its position in Stein Mart by 100.2% in the first quarter. Parametric Portfolio Associates LLC now owns 188,566 shares of the company’s stock valued at $568,000 after buying an additional 94,383 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Stein Mart by 5.1% in the first quarter. Ameriprise Financial Inc. now owns 163,606 shares of the company’s stock valued at $493,000 after buying an additional 7,980 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Stein Mart by 238.2% in the first quarter. Sunbelt Securities Inc. now owns 130,718 shares of the company’s stock valued at $393,000 after buying an additional 92,071 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Stein Mart by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 824,232 shares of the company’s stock valued at $2,480,000 after buying an additional 32,372 shares during the last quarter. Institutional investors and hedge funds own 43.74% of the company’s stock.
Stein Mart, Inc. (SMRT) traded down 2.692% during trading on Friday, reaching $1.265. 125,049 shares of the company traded hands. Stein Mart, Inc. has a 12 month low of $1.00 and a 12 month high of $9.23. The company’s 50-day moving average is $1.39 and its 200 day moving average is $2.32. The company’s market cap is $60.24 million.
Stein Mart (NASDAQ:SMRT) last announced its quarterly earnings results on Wednesday, May 17th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.05. Stein Mart had a negative net margin of 0.69% and a negative return on equity of 10.71%. The business had revenue of $337.30 million for the quarter, compared to analyst estimates of $362.21 million. During the same period in the prior year, the business earned $0.30 EPS. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, analysts anticipate that Stein Mart, Inc. will post ($0.09) earnings per share for the current year.
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Separately, TheStreet cut shares of Stein Mart from a “c” rating to a “d+” rating in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Stein Mart currently has an average rating of “Hold” and an average price target of $7.50.
In other news, Director Richard L. Sisisky bought 50,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was bought at an average price of $1.51 per share, with a total value of $75,500.00. Following the completion of the acquisition, the director now owns 135,351 shares of the company’s stock, valued at $204,380.01. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Jay Stein bought 900,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were purchased at an average cost of $1.50 per share, with a total value of $1,350,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,003,500 shares of company stock valued at $1,505,595 in the last ninety days. Insiders own 34.70% of the company’s stock.
Stein Mart Company Profile
Stein Mart, Inc is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Company offers apparel for women and men, as well as accessories, shoes and home fashions. The Company’s target customers are women over 45 years old. The Company operates approximately 280 stores in over 30 states and an Internet store.
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