Chicago Equity Partners LLC purchased a new stake in shares of Stamps.com Inc. (NASDAQ:STMP) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,640 shares of the company’s stock, valued at approximately $722,000.
Several other institutional investors also recently modified their holdings of STMP. First Washington CORP acquired a new stake in Stamps.com during the second quarter valued at approximately $3,169,000. State Board of Administration of Florida Retirement System boosted its stake in Stamps.com by 4.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 8,301 shares of the company’s stock valued at $726,000 after buying an additional 326 shares during the period. New Jersey Better Educational Savings Trust acquired a new stake in Stamps.com during the second quarter valued at approximately $612,000. Columbus Circle Investors boosted its stake in Stamps.com by 51.7% in the second quarter. Columbus Circle Investors now owns 441,618 shares of the company’s stock valued at $38,606,000 after buying an additional 150,419 shares during the period. Finally, ClariVest Asset Management LLC boosted its stake in Stamps.com by 21.6% in the second quarter. ClariVest Asset Management LLC now owns 20,585 shares of the company’s stock valued at $1,800,000 after buying an additional 3,661 shares during the period.
Shares of Stamps.com Inc. (NASDAQ:STMP) traded down 1.50% on Thursday, reaching $118.30. The company’s stock had a trading volume of 149,431 shares. Stamps.com Inc. has a 12-month low of $68.82 and a 12-month high of $123.75. The stock has a market cap of $2.02 billion, a PE ratio of 46.05 and a beta of 0.22. The firm has a 50 day moving average price of $114.11 and a 200-day moving average price of $97.17.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Thursday, November 3rd. The company reported $2.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.76. The firm earned $92.60 million during the quarter, compared to analyst estimates of $79.40 million. Stamps.com had a return on equity of 30.57% and a net margin of 14.05%. The business’s revenue for the quarter was up 79.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. Equities research analysts expect that Stamps.com Inc. will post $8.34 EPS for the current year.
Several research firms recently commented on STMP. Zacks Investment Research raised Stamps.com from a “hold” rating to a “strong-buy” rating and set a $120.00 price objective on the stock in a research report on Thursday, November 10th. B. Riley reaffirmed a “buy” rating and set a $184.00 price objective on shares of Stamps.com in a research report on Friday, November 4th. Finally, Roth Capital set a $133.00 price objective on Stamps.com and gave the company a “buy” rating in a research report on Sunday, November 6th.
In related news, Director Lloyd I. Miller III sold 35,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $108.00, for a total transaction of $3,780,000.00. Following the transaction, the director now directly owns 195,669 shares of the company’s stock, valued at approximately $21,132,252. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James Bortnak sold 5,000 shares of the company’s stock in a transaction dated Friday, December 23rd. The shares were sold at an average price of $115.34, for a total value of $576,700.00. Following the transaction, the insider now directly owns 6,093 shares in the company, valued at $702,766.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 115,000 shares of company stock valued at $12,506,600. Corporate insiders own 11.46% of the company’s stock.
Stamps.com Company Profile
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others.
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