Metropolitan Life Insurance Co. NY held its position in The Finish Line, Inc. (NASDAQ:FINL) during the first quarter, Holdings Channel reports. The institutional investor owned 29,411 shares of the specialty retailer’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in The Finish Line were worth $419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FINL. Soros Fund Management LLC purchased a new position in The Finish Line during the first quarter valued at $169,000. State Street Corp boosted its position in The Finish Line by 17.3% in the first quarter. State Street Corp now owns 1,380,369 shares of the specialty retailer’s stock valued at $19,640,000 after buying an additional 203,325 shares in the last quarter. Bank of America Corp DE boosted its position in The Finish Line by 388.8% in the first quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer’s stock valued at $7,702,000 after buying an additional 430,476 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in The Finish Line by 9.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 408,981 shares of the specialty retailer’s stock valued at $5,820,000 after buying an additional 35,872 shares in the last quarter. Finally, KCG Holdings Inc. boosted its position in The Finish Line by 144.2% in the first quarter. KCG Holdings Inc. now owns 43,308 shares of the specialty retailer’s stock valued at $616,000 after buying an additional 25,570 shares in the last quarter.

Shares of The Finish Line, Inc. (NASDAQ FINL) traded up 0.120% during midday trading on Wednesday, reaching $12.555. The company had a trading volume of 258,510 shares. The Finish Line, Inc. has a one year low of $12.25 and a one year high of $24.52. The company has a 50 day moving average price of $13.91 and a 200-day moving average price of $14.99. The firm’s market capitalization is $504.03 million.

The Finish Line (NASDAQ:FINL) last issued its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The business had revenue of $429.80 million for the quarter, compared to analysts’ expectations of $433.97 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts anticipate that The Finish Line, Inc. will post $1.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.51%. The Finish Line’s payout ratio is -89.80%.

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Several research analysts have recently weighed in on the company. BidaskClub raised The Finish Line from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Bank of America Corporation upped their target price on The Finish Line from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, July 21st. Zacks Investment Research upgraded The Finish Line from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. FBR & Co reiterated a “buy” rating and set a $22.00 target price on shares of The Finish Line in a report on Tuesday, June 27th. Finally, Piper Jaffray Companies set a $13.00 target price on The Finish Line and gave the stock a “hold” rating in a report on Saturday, June 24th. Nineteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.11.

In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction on Saturday, July 15th. The shares were sold at an average price of $22.71, for a total transaction of $170,892.75. Following the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction on Saturday, July 29th. The shares were sold at an average price of $21.67, for a total transaction of $88,348.59. Following the sale, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $257,049.54. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

The Finish Line Company Profile

The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.

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Institutional Ownership by Quarter for The Finish Line (NASDAQ:FINL)

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