Rhumbline Advisers raised its position in shares of Gamestop Corporation (NYSE:GME) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 182,001 shares of the company’s stock after acquiring an additional 4,301 shares during the period. Rhumbline Advisers owned approximately 0.18% of Gamestop worth $3,760,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. BlueMountain Capital Management LLC purchased a new stake in Gamestop during the second quarter valued at about $162,000. JBF Capital Inc. grew its position in Gamestop by 119.8% during the second quarter. JBF Capital Inc. now owns 9,120 shares of the company’s stock valued at $197,000 after acquiring an additional 4,971 shares during the period. National Planning Corp purchased a new stake in Gamestop during the second quarter valued at about $204,000. Sei Investments Co. grew its position in Gamestop by 22.4% during the second quarter. Sei Investments Co. now owns 9,431 shares of the company’s stock valued at $204,000 after acquiring an additional 1,725 shares during the period. Finally, Carret Asset Management LLC grew its position in Gamestop by 12.2% during the second quarter. Carret Asset Management LLC now owns 10,140 shares of the company’s stock valued at $219,000 after acquiring an additional 1,100 shares during the period.
In other Gamestop news, Director Stephanie M. Shern sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $17.91, for a total transaction of $71,640.00. Following the sale, the director now owns 13,474 shares in the company, valued at $241,319.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.80% of the company’s stock.
Gamestop Corporation (NYSE GME) traded down $0.26 during trading hours on Thursday, hitting $19.01. The company had a trading volume of 2,430,300 shares, compared to its average volume of 2,871,505. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20. Gamestop Corporation has a fifty-two week low of $15.85 and a fifty-two week high of $26.84. The firm has a market capitalization of $1,952.14, a PE ratio of 5.21, a price-to-earnings-growth ratio of 0.39 and a beta of 1.26.
Gamestop (NYSE:GME) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.11. Gamestop had a return on equity of 16.50% and a net margin of 3.98%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. equities research analysts expect that Gamestop Corporation will post 3.3 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 8.00%. The ex-dividend date of this dividend is Thursday, November 30th. Gamestop’s dividend payout ratio (DPR) is 44.31%.
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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. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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