Arcus Capital Partners LLC Raises Holdings in Stein Mart, Inc. (SMRT)

Arcus Capital Partners LLC raised its stake in Stein Mart, Inc. (NASDAQ:SMRT) by 30.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,000 shares of the company’s stock after acquiring an additional 30,000 shares during the period. Arcus Capital Partners LLC owned 0.27% of Stein Mart worth $220,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Stein Mart by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,161,974 shares of the company’s stock valued at $3,654,000 after acquiring an additional 395,327 shares during the period. Bank of New York Mellon Corp boosted its stake in Stein Mart by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 824,232 shares of the company’s stock valued at $2,480,000 after acquiring an additional 32,372 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Stein Mart by 135.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 475,376 shares of the company’s stock valued at $803,000 after acquiring an additional 273,470 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Stein Mart by 276.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 450,070 shares of the company’s stock valued at $760,000 after acquiring an additional 330,580 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Stein Mart by 20.6% in the second quarter. California Public Employees Retirement System now owns 353,200 shares of the company’s stock valued at $597,000 after acquiring an additional 60,400 shares during the period. Institutional investors own 32.98% of the company’s stock.

Shares of Stein Mart, Inc. (NASDAQ SMRT) traded down 0.81% during trading on Friday, reaching $1.22. The company’s stock had a trading volume of 132,568 shares. Stein Mart, Inc. has a 1-year low of $1.00 and a 1-year high of $6.93. The company’s 50-day moving average price is $1.29 and its 200 day moving average price is $1.66. The stock’s market capitalization is $58.46 million.

Stein Mart (NASDAQ:SMRT) last announced its quarterly earnings data on Wednesday, August 16th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). Stein Mart had a negative net margin of 1.89% and a negative return on equity of 34.59%. The business had revenue of $311.03 million during the quarter, compared to the consensus estimate of $303.97 million. During the same period in the previous year, the business posted $0.06 earnings per share. Stein Mart’s revenue was down 2.7% compared to the same quarter last year. Analysts anticipate that Stein Mart, Inc. will post ($0.22) EPS for the current year.

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About Stein Mart

Stein Mart, Inc is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Company offers apparel for women and men, as well as accessories, shoes and home fashions. The Company’s target customers are women over 45 years old. The Company operates approximately 280 stores in over 30 states and an Internet store.

Institutional Ownership by Quarter for Stein Mart (NASDAQ:SMRT)

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