West Marine, Inc. (WMAR) Stake Increased by Teachers Advisors LLC

Teachers Advisors LLC boosted its stake in West Marine, Inc. (NASDAQ:WMAR) by 8.1% during the fourth quarter, Holdings Channel reports. The fund owned 34,502 shares of the specialty retailer’s stock after buying an additional 2,583 shares during the period. Teachers Advisors LLC’s holdings in West Marine were worth $361,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Numeric Investors LLC purchased a new position in shares of West Marine during the fourth quarter valued at about $5,141,000. Menta Capital LLC purchased a new position in shares of West Marine during the fourth quarter valued at about $125,000. Renaissance Technologies LLC boosted its position in shares of West Marine by 152.0% in the fourth quarter. Renaissance Technologies LLC now owns 289,301 shares of the specialty retailer’s stock valued at $3,029,000 after buying an additional 174,501 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of West Marine by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,097,189 shares of the specialty retailer’s stock valued at $21,958,000 after buying an additional 5,265 shares during the last quarter. Finally, State Street Corp boosted its position in shares of West Marine by 7.2% in the fourth quarter. State Street Corp now owns 278,616 shares of the specialty retailer’s stock valued at $2,916,000 after buying an additional 18,759 shares during the last quarter. Hedge funds and other institutional investors own 59.91% of the company’s stock.

Institutional Ownership by Quarter for West Marine (NASDAQ:WMAR)

West Marine, Inc. (NASDAQ:WMAR) opened at 9.74 on Tuesday. The company’s 50-day moving average price is $10.15 and its 200 day moving average price is $9.79. The stock has a market capitalization of $245.13 million, a PE ratio of 29.07 and a beta of 1.40. West Marine, Inc. has a 12 month low of $7.77 and a 12 month high of $11.72.

West Marine (NASDAQ:WMAR) last issued its earnings results on Wednesday, April 26th. The specialty retailer reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.07. The business had revenue of $129.10 million during the quarter, compared to the consensus estimate of $130.88 million. West Marine had a return on equity of 2.70% and a net margin of 1.19%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.37) EPS. On average, analysts forecast that West Marine, Inc. will post $0.37 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, May 9th. West Marine’s dividend payout ratio (DPR) is 60.61%.

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Several brokerages recently weighed in on WMAR. TheStreet upgraded West Marine from a “c+” rating to a “b” rating in a research report on Thursday, April 27th. B. Riley reiterated a “buy” rating and set a $12.00 price target on shares of West Marine in a research report on Tuesday, May 2nd. Finally, Zacks Investment Research upgraded West Marine from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a research report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.75.

West Marine Company Profile

West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WMAR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding WMAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for West Marine, Inc. (NASDAQ:WMAR).

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