GSA Capital Partners LLP Buys Shares of 10,698 Blackhawk Network Holdings, Inc. (HAWK)

GSA Capital Partners LLP bought a new stake in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,698 shares of the credit services provider’s stock, valued at approximately $466,000.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in Blackhawk Network Holdings by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 4,418,095 shares of the credit services provider’s stock valued at $179,375,000 after buying an additional 156,299 shares in the last quarter. BlackRock Inc. increased its position in Blackhawk Network Holdings by 71,649.0% during the 1st quarter. BlackRock Inc. now owns 3,416,688 shares of the credit services provider’s stock valued at $138,718,000 after buying an additional 3,411,926 shares in the last quarter. Jana Partners LLC acquired a new position in Blackhawk Network Holdings during the 1st quarter valued at about $109,418,000. Park West Asset Management LLC increased its position in Blackhawk Network Holdings by 11.9% during the 1st quarter. Park West Asset Management LLC now owns 2,535,262 shares of the credit services provider’s stock valued at $102,932,000 after buying an additional 268,763 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Blackhawk Network Holdings by 17.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,667,775 shares of the credit services provider’s stock valued at $67,712,000 after buying an additional 247,976 shares in the last quarter. 95.31% of the stock is currently owned by institutional investors.

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Several brokerages recently issued reports on HAWK. BidaskClub raised Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research raised Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. TheStreet lowered Blackhawk Network Holdings from a “b-” rating to a “c” rating in a research report on Tuesday, June 20th. Mizuho began coverage on Blackhawk Network Holdings in a research report on Tuesday, June 27th. They set a “buy” rating and a $50.00 target price on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $53.00 price objective (up from $49.00) on shares of Blackhawk Network Holdings in a report on Monday, July 24th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $46.62.

Blackhawk Network Holdings, Inc. (NASDAQ HAWK) opened at 44.20 on Thursday. The firm’s market capitalization is $2.50 billion. The stock has a 50 day moving average price of $44.01 and a 200-day moving average price of $42.68. Blackhawk Network Holdings, Inc. has a one year low of $31.30 and a one year high of $46.70.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The firm had revenue of $419.30 million for the quarter, compared to analysts’ expectations of $439.32 million. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. On average, analysts predict that Blackhawk Network Holdings, Inc. will post $1.68 earnings per share for the current fiscal year.

In related news, insider Joan B. Lockie sold 2,543 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $43.92, for a total value of $111,688.56. Following the transaction, the insider now owns 17,168 shares in the company, valued at approximately $754,018.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jerry N. Ulrich sold 75,000 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total value of $3,386,250.00. Following the completion of the transaction, the chief financial officer now owns 63,280 shares in the company, valued at approximately $2,857,092. The disclosure for this sale can be found here. Insiders sold a total of 96,212 shares of company stock worth $4,298,465 in the last 90 days. 3.80% of the stock is currently owned by insiders.

Blackhawk Network Holdings Company Profile

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.

Institutional Ownership by Quarter for Blackhawk Network Holdings (NASDAQ:HAWK)

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