Trexquant Investment LP Invests $1.82 Million in Finish Line Inc (NASDAQ:FINL)

Trexquant Investment LP bought a new position in Finish Line Inc (NASDAQ:FINL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 151,209 shares of the specialty retailer’s stock, valued at approximately $1,819,000. Finish Line comprises approximately 0.5% of Trexquant Investment LP’s investment portfolio, making the stock its 24th biggest position. Trexquant Investment LP owned 0.37% of Finish Line at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FINL. SG Americas Securities LLC purchased a new position in shares of Finish Line during the 2nd quarter valued at $102,000. State of Alaska Department of Revenue lifted its stake in shares of Finish Line by 77.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 3,464 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Finish Line by 7.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 650 shares in the last quarter. Fernwood Investment Management LLC purchased a new position in shares of Finish Line during the 3rd quarter valued at $120,000. Finally, FNY Managed Accounts LLC lifted its stake in shares of Finish Line by 5,100.0% during the 3rd quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 10,200 shares in the last quarter. Institutional investors own 99.96% of the company’s stock.

FINL has been the topic of a number of research reports. BidaskClub upgraded shares of Finish Line from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Wells Fargo & Company reduced their price target on shares of Finish Line from $12.00 to $9.00 and set a “market perform” rating on the stock in a report on Sunday, October 1st. UBS downgraded shares of Finish Line from a “positive” rating to a “neutral” rating in a report on Monday, October 2nd. Susquehanna Bancshares downgraded shares of Finish Line from a “positive” rating to a “neutral” rating in a report on Monday, October 2nd. Finally, Bank of America downgraded shares of Finish Line from a “neutral” rating to an “underperform” rating in a report on Friday, August 18th. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. Finish Line has an average rating of “Hold” and an average target price of $10.70.

Shares of Finish Line Inc (FINL) opened at $10.91 on Wednesday. Finish Line Inc has a 52 week low of $6.90 and a 52 week high of $24.50. The firm has a market cap of $448.59, a price-to-earnings ratio of 18.13, a PEG ratio of 2.05 and a beta of 1.39.

Finish Line (NASDAQ:FINL) last announced its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. The firm had revenue of $469.40 million for the quarter, compared to the consensus estimate of $478.25 million. Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. research analysts expect that Finish Line Inc will post 0.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Wednesday, November 22nd. Finish Line’s payout ratio is -45.83%.

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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.

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

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