GSA Capital Partners LLP Sells 5,846 Shares of Aaron’s, Inc. (AAN)

GSA Capital Partners LLP trimmed its holdings in shares of Aaron’s, Inc. (NYSE:AAN) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,099 shares of the company’s stock after selling 5,846 shares during the quarter. Aaron’s makes up approximately 0.3% of GSA Capital Partners LLP’s investment portfolio, making the stock its 10th largest position. GSA Capital Partners LLP owned approximately 0.16% of Aaron’s worth $5,022,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. AJO LP increased its position in shares of Aaron’s by 267.0% during the second quarter. AJO LP now owns 1,468,601 shares of the company’s stock worth $57,129,000 after purchasing an additional 1,068,399 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Aaron’s by 223.7% during the second quarter. Principal Financial Group Inc. now owns 906,077 shares of the company’s stock worth $35,246,000 after purchasing an additional 626,128 shares in the last quarter. Balyasny Asset Management LLC increased its position in shares of Aaron’s by 5,204.8% during the second quarter. Balyasny Asset Management LLC now owns 468,257 shares of the company’s stock worth $18,215,000 after purchasing an additional 459,430 shares in the last quarter. BlackRock Inc. increased its position in shares of Aaron’s by 4.3% during the second quarter. BlackRock Inc. now owns 7,237,539 shares of the company’s stock worth $281,540,000 after purchasing an additional 298,839 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Aaron’s by 206.0% during the third quarter. American Century Companies Inc. now owns 434,161 shares of the company’s stock worth $18,942,000 after purchasing an additional 292,286 shares in the last quarter.

In other Aaron’s news, CEO John W. Robinson sold 15,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $36.24, for a total value of $543,600.00. Following the completion of the sale, the chief executive officer now directly owns 337,340 shares in the company, valued at approximately $12,225,201.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Steven A. Michaels sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total value of $148,600.00. Following the completion of the transaction, the chief financial officer now directly owns 56,769 shares in the company, valued at approximately $2,108,968.35. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 1,308,000 shares of company stock valued at $60,330 and sold 19,003 shares valued at $692,308. 1.93% of the stock is owned by corporate insiders.

Several analysts recently commented on AAN shares. Off Wall Street started coverage on Aaron’s in a research report on Monday, September 18th. They set a “sell” rating for the company. Raymond James Financial upgraded Aaron’s from a “market perform” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research report on Friday, November 10th. Jefferies Group reiterated a “buy” rating and set a $54.00 price target on shares of Aaron’s in a research report on Thursday, September 7th. Loop Capital upgraded Aaron’s from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Wednesday, November 8th. Finally, KeyCorp upgraded Aaron’s from a “sector weight” rating to an “overweight” rating and set a $50.00 price target for the company in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $43.30.

Shares of Aaron’s, Inc. (AAN) opened at $37.54 on Thursday. The company has a quick ratio of 0.74, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $2,548.81, a price-to-earnings ratio of 14.95 and a beta of 0.23. Aaron’s, Inc. has a twelve month low of $26.12 and a twelve month high of $48.22.

Aaron’s (NYSE:AAN) last issued its earnings results on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.11). The company had revenue of $838.80 million during the quarter, compared to analysts’ expectations of $827.20 million. Aaron’s had a net margin of 4.15% and a return on equity of 11.41%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 earnings per share. equities research analysts anticipate that Aaron’s, Inc. will post 2.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 13th will be issued a $0.03 dividend. This is a boost from Aaron’s’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.32%. The ex-dividend date is Tuesday, December 12th. Aaron’s’s dividend payout ratio is presently 5.79%.

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Aaron’s Profile

Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.

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Institutional Ownership by Quarter for Aaron`s (NYSE:AAN)

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