Royce & Associates LP Has $11.41 Million Stake in West Marine, Inc. (WMAR)

Royce & Associates LP cut its holdings in West Marine, Inc. (NASDAQ:WMAR) by 25.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 887,750 shares of the specialty retailer’s stock after selling 308,687 shares during the period. Royce & Associates LP owned approximately 3.53% of West Marine worth $11,408,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of WMAR. Thomson Horstmann & Bryant Inc. bought a new stake in West Marine in the second quarter worth $4,706,000. Kassirer Asset Management Corp bought a new stake in West Marine in the second quarter worth $1,928,000. Dupont Capital Management Corp bought a new stake in West Marine in the second quarter worth $1,646,000. Signia Capital Management LLC lifted its stake in West Marine by 44.9% in the first quarter. Signia Capital Management LLC now owns 304,826 shares of the specialty retailer’s stock worth $2,908,000 after purchasing an additional 94,492 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in West Marine by 507.6% in the first quarter. Acadian Asset Management LLC now owns 93,605 shares of the specialty retailer’s stock worth $893,000 after purchasing an additional 78,199 shares during the last quarter. 57.93% of the stock is owned by institutional investors and hedge funds.

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West Marine, Inc. (NASDAQ:WMAR) traded up 0.039% during trading on Friday, hitting $12.965. 260,082 shares of the company’s stock were exchanged. West Marine, Inc. has a 52-week low of $7.77 and a 52-week high of $13.01. The company has a market cap of $327.74 million, a price-to-earnings ratio of 41.028 and a beta of 1.31. The firm has a 50 day moving average price of $12.93 and a 200 day moving average price of $10.98.

Several research firms have weighed in on WMAR. BidaskClub downgraded shares of West Marine from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. B. Riley downgraded shares of West Marine to a “neutral” rating and set a $12.97 price target for the company. in a research note on Sunday, July 16th. Forward View raised shares of West Marine from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research downgraded shares of West Marine from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.32.

About West Marine

West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.

Institutional Ownership by Quarter for West Marine (NASDAQ:WMAR)

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