Crestline Management LP bought a new stake in shares of GameStop Corp. (NYSE:GME) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,132 shares of the company’s stock, valued at approximately $379,000.
Several other hedge funds have also added to or reduced their stakes in GME. State of Alaska Department of Revenue bought a new stake in GameStop in the 4th quarter worth $104,000. Macquarie Group Ltd. bought a new stake in GameStop in the 3rd quarter worth $112,000. SeaCrest Wealth Management LLC bought a new stake in GameStop in the 4th quarter worth $140,000. Kovack Advisors Inc. bought a new stake in GameStop in the 4th quarter worth $181,000. Finally, Unison Advisors LLC purchased a new stake in shares of GameStop in the 4th quarter worth about $198,000.
NYSE:GME traded down $0.13 on Friday, reaching $13.43. 4,238,278 shares of the stock traded hands, compared to its average volume of 5,606,440. GameStop Corp. has a 12 month low of $12.20 and a 12 month high of $25.31. The firm has a market cap of $1,360.51, a P/E ratio of 4.02, a P/E/G ratio of 0.29 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 1.33.
GameStop (NYSE:GME) last announced its quarterly earnings results on Wednesday, March 28th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.06. GameStop had a net margin of 0.38% and a return on equity of 14.87%. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the business posted $2.38 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. equities research analysts predict that GameStop Corp. will post 3.08 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Monday, March 5th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.32%. GameStop’s dividend payout ratio is presently 45.51%.
Several equities research analysts have recently commented on GME shares. Wedbush set a $23.00 target price on shares of GameStop and gave the stock a “buy” rating in a research report on Monday, February 12th. Zacks Investment Research cut shares of GameStop from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Loop Capital set a $26.00 target price on shares of GameStop and gave the stock a “buy” rating in a research report on Friday, January 12th. Telsey Advisory Group lowered their price target on shares of GameStop from $19.00 to $17.00 and set a “market perform” rating for the company in a research report on Thursday, March 29th. Finally, Benchmark lowered their price target on shares of GameStop from $15.00 to $12.00 and set a “sell” rating for the company in a research report on Thursday, March 29th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. GameStop presently has a consensus rating of “Hold” and an average target price of $18.33.
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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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