Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Invests $1.18 Million in Finish Line Inc (FINL) Stock

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Finish Line Inc (NASDAQ:FINL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 87,300 shares of the specialty retailer’s stock, valued at approximately $1,182,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.22% of Finish Line as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in FINL. Virtu Financial LLC purchased a new position in Finish Line during the fourth quarter worth $167,000. Tower Research Capital LLC TRC purchased a new position in Finish Line during the fourth quarter worth $181,000. Teacher Retirement System of Texas purchased a new position in Finish Line during the fourth quarter worth $202,000. Investors Research Corp purchased a new position in Finish Line during the fourth quarter worth $259,000. Finally, MetLife Investment Advisors LLC purchased a new position in Finish Line during the fourth quarter worth $292,000. Institutional investors own 88.62% of the company’s stock.

FINL has been the subject of several recent analyst reports. Jefferies Financial Group lowered shares of Finish Line from a “buy” rating to a “hold” rating in a research note on Friday, March 30th. Zacks Investment Research raised shares of Finish Line from a “sell” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, March 2nd. Canaccord Genuity set a $14.00 price objective on shares of Finish Line and gave the stock a “hold” rating in a research note on Sunday, April 1st. Credit Suisse Group initiated coverage on shares of Finish Line in a research note on Monday, March 12th. They set an “underperform” rating and a $9.00 price objective for the company. Finally, ValuEngine raised shares of Finish Line from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. Finish Line currently has an average rating of “Hold” and a consensus target price of $11.42.

Shares of FINL opened at $13.51 on Wednesday. The firm has a market cap of $544.80 million, a PE ratio of 19.58, a P/E/G ratio of 1.71 and a beta of 0.87. Finish Line Inc has a 12-month low of $6.90 and a 12-month high of $15.06.

The business also recently announced a quarterly dividend, which was paid on Monday, June 4th. Stockholders of record on Friday, May 18th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Thursday, May 17th. Finish Line’s dividend payout ratio is currently 66.67%.

Finish Line Profile

The Finish Line, Inc, together with its subsidiaries, operates as a retailer of athletic shoes, apparel, and accessories for men, women, and kids in the United States. The company offers athletic shoes, as well as an assortment of apparel and accessories of Nike, Brand Jordan, adidas, Under Armour, Puma, and other brands.

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Institutional Ownership by Quarter for Finish Line (NASDAQ:FINL)

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