Green Square Capital LLC trimmed its stake in Gamestop Corporation (NYSE:GME) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 258,120 shares of the company’s stock after selling 16,971 shares during the period. Green Square Capital LLC owned approximately 0.25% of Gamestop worth $5,333,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Macquarie Group Ltd. bought a new position in Gamestop during the third quarter valued at approximately $112,000. BlueMountain Capital Management LLC bought a new position in Gamestop during the second quarter valued at approximately $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 last quarter. 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 last quarter. Finally, National Planning Corp bought a new position in Gamestop during the second quarter valued at approximately $204,000.
In related news, Director Stephanie M. Shern sold 4,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $17.91, for a total value of $71,640.00. Following the completion of the sale, the director now owns 13,474 shares of the company’s stock, valued at $241,319.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.
A number of brokerages have commented on GME. ValuEngine upgraded shares of Gamestop from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Loop Capital set a $28.00 price target on shares of Gamestop and gave the company a “buy” rating in a research report on Thursday, November 30th. Credit Suisse Group set a $20.00 target price on shares of Gamestop and gave the stock a “hold” rating in a report on Saturday, November 25th. Robert W. Baird restated a “buy” rating and issued a $23.00 target price on shares of Gamestop in a report on Wednesday, November 22nd. Finally, Bank of America restated a “hold” rating and issued a $23.00 target price on shares of Gamestop in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $23.47.
Shares of Gamestop Corporation (NYSE:GME) traded down $0.13 during mid-day trading on Tuesday, reaching $19.07. The company had a trading volume of 3,652,700 shares, compared to its average volume of 2,877,630. Gamestop Corporation has a 12 month low of $15.85 and a 12 month high of $26.84. The stock has a market capitalization of $1,945.05, a price-to-earnings ratio of 5.19, a price-to-earnings-growth ratio of 0.39 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.38.
Gamestop (NYSE:GME) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. Gamestop had a return on equity of 16.50% and a net margin of 3.98%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. research analysts predict that Gamestop Corporation will post 3.3 EPS for the current 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 dividend on an annualized basis and a yield of 7.97%. The ex-dividend date is Thursday, November 30th. Gamestop’s payout ratio 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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