Paloma Partners Management Co Purchases New Position in Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI)

Paloma Partners Management Co purchased a new position in shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,870 shares of the company’s stock, valued at approximately $1,378,000.

Other hedge funds also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in Ollie's Bargain Outlet in the third quarter valued at approximately $597,000. BlackRock Inc. lifted its stake in Ollie's Bargain Outlet by 3.1% in the fourth quarter. BlackRock Inc. now owns 6,057,562 shares of the company’s stock valued at $322,567,000 after acquiring an additional 179,875 shares during the last quarter. First Trust Advisors LP lifted its stake in Ollie's Bargain Outlet by 52.1% in the third quarter. First Trust Advisors LP now owns 104,664 shares of the company’s stock valued at $4,856,000 after acquiring an additional 35,842 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in Ollie's Bargain Outlet in the fourth quarter valued at approximately $2,315,000. Finally, Pinebridge Investments L.P. lifted its stake in Ollie's Bargain Outlet by 171.2% in the fourth quarter. Pinebridge Investments L.P. now owns 16,534 shares of the company’s stock valued at $880,000 after acquiring an additional 10,437 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

How to Become a New Pot Stock Millionaire

In other Ollie's Bargain Outlet news, VP Kenneth Robert Bertram sold 4,000 shares of Ollie's Bargain Outlet stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $59.65, for a total transaction of $238,600.00. Following the sale, the vice president now owns 7,958 shares in the company, valued at $474,694.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Hendrickson sold 9,116 shares of Ollie's Bargain Outlet stock in a transaction on Friday, January 19th. The stock was sold at an average price of $55.76, for a total transaction of $508,308.16. Following the sale, the director now owns 1,233 shares in the company, valued at approximately $68,752.08. The disclosure for this sale can be found here. Insiders have sold 95,742 shares of company stock worth $5,567,718 in the last ninety days. 22.25% of the stock is currently owned by insiders.

Shares of NASDAQ:OLLI traded down $0.50 during trading on Friday, reaching $58.95. The stock had a trading volume of 1,211,641 shares, compared to its average volume of 744,050. Ollie's Bargain Outlet Holdings Inc has a 52 week low of $33.20 and a 52 week high of $62.05. The firm has a market cap of $3,666.87, a price-to-earnings ratio of 47.16, a P/E/G ratio of 1.50 and a beta of 0.14. The company has a quick ratio of 0.36, a current ratio of 2.22 and a debt-to-equity ratio of 0.05.

Ollie's Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, April 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Ollie's Bargain Outlet had a net margin of 11.85% and a return on equity of 11.23%. The business had revenue of $356.70 million for the quarter, compared to analyst estimates of $349.93 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Ollie's Bargain Outlet’s revenue was up 25.9% compared to the same quarter last year. research analysts predict that Ollie's Bargain Outlet Holdings Inc will post 1.67 EPS for the current fiscal year.

A number of research firms have issued reports on OLLI. Royal Bank of Canada lifted their target price on shares of Ollie's Bargain Outlet to $63.00 and gave the company an “outperform” rating in a research note on Thursday. MKM Partners set a $59.00 target price on shares of Ollie's Bargain Outlet and gave the company a “hold” rating in a research note on Wednesday, March 28th. KeyCorp lifted their target price on shares of Ollie's Bargain Outlet from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday. BidaskClub cut shares of Ollie's Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 10th. Finally, Piper Jaffray reissued a “buy” rating and issued a $71.00 price target on shares of Ollie's Bargain Outlet in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $55.92.

WARNING: “Paloma Partners Management Co Purchases New Position in Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI)” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/04/08/paloma-partners-management-co-invests-1-38-million-in-ollies-bargain-outlet-holdings-inc-olli.html.

Ollie's Bargain Outlet Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply