K2 Principal Fund L.P. purchased a new position in shares of Overstock.com Inc (NASDAQ:OSTK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,321 shares of the company’s stock, valued at approximately $1,235,000.
Other institutional investors also recently made changes to their positions in the company. Edge Wealth Management LLC acquired a new stake in shares of Overstock.com during the 4th quarter worth approximately $130,000. Pier 88 Investment Partners LLC acquired a new stake in shares of Overstock.com during the 4th quarter worth approximately $147,000. SG Americas Securities LLC acquired a new stake in shares of Overstock.com during the 3rd quarter worth approximately $109,000. Bank of Montreal Can raised its position in shares of Overstock.com by 347.9% during the 4th quarter. Bank of Montreal Can now owns 4,479 shares of the company’s stock worth $286,000 after purchasing an additional 3,479 shares during the period. Finally, Wedbush Securities Inc. bought a new position in Overstock.com in the 4th quarter worth approximately $290,000. Institutional investors and hedge funds own 55.67% of the company’s stock.
Overstock.com Inc (NASDAQ OSTK) opened at $64.40 on Tuesday. Overstock.com Inc has a fifty-two week low of $13.75 and a fifty-two week high of $89.80. The stock has a market capitalization of $1,595.24, a P/E ratio of -149.76 and a beta of 1.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.86 and a quick ratio of 0.78.
In related news, insider Jonathan E. Johnson III sold 4,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $48.75, for a total value of $195,000.00. Following the completion of the transaction, the insider now directly owns 42,092 shares of the company’s stock, valued at approximately $2,051,985. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carter Paul Lee sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $47.28, for a total value of $94,560.00. Following the completion of the transaction, the senior vice president now directly owns 3,089 shares of the company’s stock, valued at $146,047.92. The disclosure for this sale can be found here. Insiders sold a total of 14,000 shares of company stock valued at $810,360 over the last three months. Corporate insiders own 28.90% of the company’s stock.
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Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.
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