Finish Line Inc (FINL) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its stake in Finish Line Inc (NASDAQ:FINL) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,049 shares of the specialty retailer’s stock after acquiring an additional 12,708 shares during the period. Rhumbline Advisers owned 0.24% of Finish Line worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Arizona State Retirement System raised its stake in shares of Finish Line by 224.5% in the fourth quarter. Arizona State Retirement System now owns 67,556 shares of the specialty retailer’s stock worth $982,000 after acquiring an additional 46,737 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Finish Line by 14.9% in the fourth quarter. Wells Fargo & Company MN now owns 81,321 shares of the specialty retailer’s stock worth $1,182,000 after acquiring an additional 10,518 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Finish Line by 23.4% in the fourth quarter. California Public Employees Retirement System now owns 297,730 shares of the specialty retailer’s stock worth $4,326,000 after acquiring an additional 56,424 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Finish Line in the fourth quarter worth about $202,000. Finally, ING Groep NV raised its stake in shares of Finish Line by 92.8% in the fourth quarter. ING Groep NV now owns 3,760,000 shares of the specialty retailer’s stock worth $54,633,000 after acquiring an additional 1,810,000 shares during the last quarter. 88.62% of the stock is owned by institutional investors.

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Shares of Finish Line Inc (NASDAQ FINL) opened at $10.55 on Monday. Finish Line Inc has a 12 month low of $6.90 and a 12 month high of $16.38. The company has a market cap of $425.44, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.42 and a beta of 1.16.

The company also recently announced a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Friday, March 2nd were paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 4.36%. The ex-dividend date was Thursday, March 1st. This is an increase from Finish Line’s previous quarterly dividend of $0.11. Finish Line’s dividend payout ratio is presently -164.28%.

A number of equities analysts have weighed in on FINL shares. Zacks Investment Research downgraded shares of Finish Line from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. BidaskClub raised shares of Finish Line from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. B. Riley boosted their price target on shares of Finish Line from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, December 28th. Buckingham Research set a $7.00 price target on shares of Finish Line and gave the stock a “sell” rating in a research note on Monday, December 25th. Finally, Credit Suisse Group assumed coverage on shares of Finish Line in a research note on Monday, March 12th. They set an “underperform” rating and a $9.00 price target for the company. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $10.60.

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Finish Line Company Profile

The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.

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Institutional Ownership by Quarter for Finish Line (NASDAQ:FINL)

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