Dimensional Fund Advisors LP boosted its position in StarTek, Inc. (NYSE:SRT) by 3.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 954,100 shares of the business services provider’s stock after buying an additional 29,596 shares during the period. Dimensional Fund Advisors LP owned 6.03% of StarTek worth $8,291,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SRT. Acadian Asset Management LLC increased its position in StarTek by 70.6% in the first quarter. Acadian Asset Management LLC now owns 150,761 shares of the business services provider’s stock worth $1,307,000 after buying an additional 62,407 shares during the period. Russell Investments Group Ltd. increased its position in StarTek by 202.4% in the first quarter. Russell Investments Group Ltd. now owns 30,204 shares of the business services provider’s stock worth $262,000 after buying an additional 20,216 shares during the period. Bank of New York Mellon Corp increased its position in StarTek by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 22,443 shares of the business services provider’s stock worth $195,000 after buying an additional 1,000 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in StarTek by 393.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 17,104 shares of the business services provider’s stock worth $149,000 after buying an additional 13,639 shares during the period. 44.20% of the stock is owned by institutional investors and hedge funds.
StarTek, Inc. (NYSE:SRT) traded down 0.51% on Wednesday, reaching $11.67. The company had a trading volume of 21,940 shares. The stock’s 50-day moving average price is $12.53 and its 200-day moving average price is $10.35. StarTek, Inc. has a 12-month low of $4.86 and a 12-month high of $14.78. The stock has a market capitalization of $186.12 million, a P/E ratio of 44.54 and a beta of -0.07.
StarTek (NYSE:SRT) last released its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $73.98 million during the quarter, compared to analyst estimates of $76.84 million. StarTek had a return on equity of 4.65% and a net margin of 0.75%. During the same quarter in the prior year, the company posted ($0.11) earnings per share. On average, equities research analysts anticipate that StarTek, Inc. will post $0.30 EPS for the current fiscal year.
SRT has been the subject of a number of analyst reports. Zacks Investment Research downgraded StarTek from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Lake Street Capital boosted their price target on StarTek from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, August 10th.
In related news, Director Arnaud Ajdler sold 94,603 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $11.48, for a total value of $1,086,042.44. Following the sale, the director now directly owns 37,507 shares in the company, valued at $430,580.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 17.80% of the company’s stock.
StarTek Company Profile
StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.
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