Dalton Greiner Hartman Maher & Co. bought a new position in GameStop Corp. (NYSE:GME) during the third quarter, Holdings Channel reports. The institutional investor bought 854,272 shares of the company’s stock, valued at approximately $23,569,000. GameStop Corp. comprises approximately 1.5% of Dalton Greiner Hartman Maher & Co.’s portfolio, making the stock its 7th largest position.
Other large investors have also modified their holdings of the company. Dynamic Advisors Solutions LLC acquired a new stake in shares of GameStop Corp. during the third quarter worth $1,571,000. Advisory Services Network LLC increased its stake in shares of GameStop Corp. by 47.1% in the third quarter. Advisory Services Network LLC now owns 11,772 shares of the company’s stock worth $325,000 after buying an additional 3,767 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of GameStop Corp. by 30.9% in the second quarter. Macquarie Group Ltd. now owns 12,700 shares of the company’s stock worth $338,000 after buying an additional 3,000 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of GameStop Corp. by 349.2% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 17,947 shares of the company’s stock worth $477,000 after buying an additional 13,952 shares during the last quarter. Finally, Mason Street Advisors LLC acquired a new stake in shares of GameStop Corp. during the second quarter worth $1,260,000.
GameStop Corp. (NYSE:GME) traded down 1.38% during mid-day trading on Thursday, hitting $25.76. The company had a trading volume of 643,530 shares. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 6.79 and a beta of 1.08. The firm’s 50 day moving average is $27.82 and its 200 day moving average is $29.13. GameStop Corp. has a 52 week low of $24.33 and a 52 week high of $47.62.
GameStop Corp. (NYSE:GME) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.27. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.73 billion. GameStop Corp. had a return on equity of 19.44% and a net margin of 4.35%. The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. On average, equities research analysts predict that GameStop Corp. will post $3.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.48 dividend on an annualized basis and a yield of 5.67%. GameStop Corp.’s dividend payout ratio is presently 39.05%.
A number of equities research analysts have commented on GME shares. Pacific Crest reissued a “hold” rating on shares of GameStop Corp. in a research note on Sunday, August 28th. Bank of America Corp. raised GameStop Corp. from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Monday, July 11th. Hilliard Lyons raised GameStop Corp. from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Friday, September 9th. Robert W. Baird reissued an “outperform” rating and issued a $40.00 price objective on shares of GameStop Corp. in a research note on Monday, October 3rd. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of GameStop Corp. in a research note on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. GameStop Corp. currently has a consensus rating of “Buy” and an average target price of $36.71.
In other GameStop Corp. news, EVP Michael Mauler purchased 10,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were acquired at an average cost of $26.91 per share, with a total value of $269,100.00. Following the completion of the acquisition, the executive vice president now directly owns 120,922 shares in the company, valued at $3,254,011.02. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.
About GameStop Corp.
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. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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