Flinton Capital Management LLC lessened its position in GameStop Corp. (NYSE:GME) by 45.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 134,008 shares of the company’s stock after selling 109,452 shares during the quarter. Flinton Capital Management LLC owned approximately 0.13% of GameStop worth $2,405,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new stake in GameStop in the 3rd quarter worth approximately $112,000. State of Alaska Department of Revenue purchased a new stake in GameStop in the 4th quarter worth approximately $104,000. SeaCrest Wealth Management LLC purchased a new stake in GameStop in the 4th quarter worth approximately $140,000. Kovack Advisors Inc. purchased a new stake in GameStop in the 4th quarter worth approximately $181,000. Finally, Unison Advisors LLC purchased a new stake in GameStop in the 4th quarter worth approximately $198,000.
GME has been the subject of a number of research analyst reports. Wedbush set a $25.00 target price on shares of GameStop and gave the stock a “buy” rating in a research report on Thursday, November 16th. Vetr downgraded shares of GameStop from a “strong-buy” rating to a “hold” rating and set a $16.58 target price for the company. in a research report on Friday, November 17th. Benchmark reiterated a “sell” rating and issued a $15.00 target price (down previously from $18.00) on shares of GameStop in a research report on Wednesday, November 22nd. Loop Capital reiterated a “buy” rating and issued a $28.00 target price on shares of GameStop in a research report on Wednesday, November 22nd. Finally, Oppenheimer reiterated a “hold” rating on shares of GameStop in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $22.23.
GameStop Corp. (NYSE GME) opened at $15.31 on Friday. The firm has a market cap of $1,566.17, a price-to-earnings ratio of 4.46, a PEG ratio of 0.31 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20. GameStop Corp. has a twelve month low of $15.10 and a twelve month high of $25.31.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Monday, March 5th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, March 2nd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.93%. GameStop’s dividend payout ratio is currently 44.31%.
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GameStop Company Profile
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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