Chicago Equity Partners LLC purchased a new position in shares of The Finish Line Inc. (NASDAQ:FINL) during the third quarter, Holdings Channel reports. The institutional investor purchased 30,820 shares of the company’s stock, valued at approximately $711,000. Chicago Equity Partners LLC owned about 0.08% of The Finish Line at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Deprince Race & Zollo Inc. bought a new stake in The Finish Line during the second quarter worth $40,831,000. Nisa Investment Advisors LLC increased its stake in The Finish Line by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 16,099 shares of the company’s stock worth $325,000 after buying an additional 800 shares during the last quarter. Lucus Advisors LLC bought a new stake in The Finish Line during the second quarter worth $345,000. Ameriprise Financial Inc. increased its stake in The Finish Line by 13.0% in the second quarter. Ameriprise Financial Inc. now owns 826,029 shares of the company’s stock worth $16,679,000 after buying an additional 95,109 shares during the last quarter. Finally, Tocqueville Asset Management L.P. increased its stake in The Finish Line by 60.7% in the second quarter. Tocqueville Asset Management L.P. now owns 92,700 shares of the company’s stock valued at $1,872,000 after buying an additional 35,000 shares in the last quarter.
The Finish Line Inc. (NASDAQ:FINL) traded down 3.23% during mid-day trading on Thursday, hitting $17.06. 890,300 shares of the stock traded hands. The firm’s 50-day moving average is $20.47 and its 200 day moving average is $21.82. The firm’s market cap is $691.95 million. The Finish Line Inc. has a 52-week low of $16.63 and a 52-week high of $24.52.
The Finish Line (NASDAQ:FINL) last announced its quarterly earnings results on Wednesday, December 21st. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.06. The Finish Line had a positive return on equity of 11.57% and a negative net margin of 0.25%. The business earned $371.70 million during the quarter, compared to analysts’ expectations of $411.61 million. During the same period in the previous year, the business earned ($0.49) EPS. The business’s revenue was down 2.7% compared to the same quarter last year. Equities analysts predict that The Finish Line Inc. will post $1.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 13th. Investors of record on Friday, February 24th will be paid a $0.11 dividend. This is a positive change from The Finish Line’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, February 22nd. This represents a $0.44 dividend on an annualized basis and a yield of 2.58%. The Finish Line’s dividend payout ratio (DPR) is presently -285.71%.
Several equities research analysts recently commented on FINL shares. Bank of America Corp. reiterated a “buy” rating and set a $26.00 target price on shares of The Finish Line in a research report on Monday, September 26th. Brean Capital reiterated a “buy” rating and set a $24.00 target price on shares of The Finish Line in a research report on Monday, September 26th. Monness Crespi & Hardt lifted their target price on shares of The Finish Line from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, September 26th. Canaccord Genuity reiterated a “buy” rating and set a $25.00 target price on shares of The Finish Line in a research report on Wednesday, September 21st. Finally, B. Riley lifted their target price on shares of The Finish Line from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, September 21st. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $22.18.
In related news, Director Glenn S. Lyon sold 75,000 shares of the firm’s stock in a transaction on Thursday, December 29th. The stock was sold at an average price of $18.89, for a total value of $1,416,750.00. Following the completion of the sale, the director now owns 117,088 shares of the company’s stock, valued at $2,211,792.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.00% of the company’s stock.
About The Finish Line
Finish Line, Inc is a specialty retailer. The Company operates two retail divisions: the Finish Line and JackRabbit brands. Finish Line is a retailer of athletic shoes, apparel and accessories. The Company operates approximately 590 Finish Line stores, which average over 5,550 square feet, in approximately 40 United States’ states and Puerto Rico.
Want to see what other hedge funds are holding FINL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Finish Line Inc. (NASDAQ:FINL).