GSA Capital Partners LLP Has $408,000 Stake in Financial Engines Inc (FNGN)

GSA Capital Partners LLP trimmed its holdings in shares of Financial Engines Inc (NASDAQ:FNGN) by 16.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,754 shares of the asset manager’s stock after selling 2,386 shares during the period. GSA Capital Partners LLP’s holdings in Financial Engines were worth $408,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. raised its stake in shares of Financial Engines by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,083 shares of the asset manager’s stock worth $113,000 after buying an additional 464 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Financial Engines by 82.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,561 shares of the asset manager’s stock valued at $167,000 after purchasing an additional 2,061 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Financial Engines by 11.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,140 shares of the asset manager’s stock valued at $188,000 after purchasing an additional 520 shares in the last quarter. Shelton Capital Management purchased a new position in Financial Engines in the 2nd quarter valued at approximately $208,000. Finally, Quantbot Technologies LP purchased a new position in Financial Engines in the 3rd quarter valued at approximately $206,000.

Financial Engines Inc (FNGN) opened at $31.05 on Friday. Financial Engines Inc has a one year low of $24.45 and a one year high of $45.75. The firm has a market capitalization of $1,970.00, a P/E ratio of 40.32, a P/E/G ratio of 1.90 and a beta of 2.15.

Financial Engines (NASDAQ:FNGN) last released its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The firm had revenue of $122.20 million during the quarter, compared to the consensus estimate of $124.11 million. Financial Engines had a return on equity of 7.60% and a net margin of 10.56%. Financial Engines’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. analysts predict that Financial Engines Inc will post 1.03 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, December 14th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.90%. The ex-dividend date was Wednesday, December 13th. Financial Engines’s payout ratio is 36.36%.

Financial Engines declared that its board has authorized a stock repurchase program on Thursday, November 2nd that authorizes the company to buyback $60.00 million in shares. This buyback authorization authorizes the asset manager to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Several equities analysts recently weighed in on the company. Zacks Investment Research raised Financial Engines from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, October 10th. Barclays assumed coverage on Financial Engines in a research note on Friday, September 8th. They issued an “overweight” rating and a $38.00 price objective for the company. BidaskClub raised Financial Engines from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. ValuEngine downgraded Financial Engines from a “hold” rating to a “sell” rating in a research note on Saturday, November 25th. Finally, Raymond James Financial reaffirmed an “underperform” rating on shares of Financial Engines in a research note on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $38.50.

In related news, CEO Lawrence M. Raffone purchased 15,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was bought at an average price of $28.54 per share, with a total value of $428,100.00. Following the completion of the transaction, the chief executive officer now owns 66,540 shares of the company’s stock, valued at approximately $1,899,051.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Blake R. Grossman purchased 18,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were bought at an average cost of $28.71 per share, with a total value of $516,780.00. Following the transaction, the director now directly owns 43,726 shares of the company’s stock, valued at approximately $1,255,373.46. The disclosure for this purchase can be found here. Insiders have sold 28,869 shares of company stock valued at $1,060,249 in the last three months. 9.27% of the stock is currently owned by company insiders.

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Financial Engines Company Profile

Financial Engines, Inc is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The Company offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness.

Institutional Ownership by Quarter for Financial Engines (NASDAQ:FNGN)

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