Paradigm Capital Management Inc. NY Purchases 416,924 Shares of Stein Mart, Inc. (SMRT)

Paradigm Capital Management Inc. NY grew its position in shares of Stein Mart, Inc. (NASDAQ:SMRT) by 694.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 476,924 shares of the company’s stock after buying an additional 416,924 shares during the period. Paradigm Capital Management Inc. NY owned approximately 1.00% of Stein Mart worth $620,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SMRT. Airain ltd bought a new position in Stein Mart during the 2nd quarter worth $100,000. KCG Holdings Inc. increased its position in Stein Mart by 92.6% during the 1st quarter. KCG Holdings Inc. now owns 36,085 shares of the company’s stock worth $109,000 after buying an additional 17,346 shares during the period. Wells Fargo & Company MN increased its position in Stein Mart by 18.2% during the 1st quarter. Wells Fargo & Company MN now owns 46,457 shares of the company’s stock worth $140,000 after buying an additional 7,146 shares during the period. HighTower Advisors LLC increased its position in Stein Mart by 87.8% during the 1st quarter. HighTower Advisors LLC now owns 58,545 shares of the company’s stock worth $179,000 after buying an additional 27,367 shares during the period. Finally, LMR Partners LLP bought a new position in Stein Mart during the 2nd quarter worth $184,000. Hedge funds and other institutional investors own 31.42% of the company’s stock.

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Stein Mart, Inc. (NASDAQ:SMRT) traded up $0.03 during mid-day trading on Monday, reaching $0.98. The company’s stock had a trading volume of 515,900 shares, compared to its average volume of 774,967. The company has a current ratio of 1.78, a quick ratio of 0.26 and a debt-to-equity ratio of 2.70. Stein Mart, Inc. has a 1 year low of $0.89 and a 1 year high of $6.93.

Stein Mart (NASDAQ:SMRT) last posted its quarterly earnings data on Wednesday, August 16th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.08). The firm had revenue of $311.03 million for the quarter, compared to the consensus estimate of $303.97 million. Stein Mart had a negative return on equity of 34.59% and a negative net margin of 1.89%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS.

Stein Mart Company Profile

Stein Mart, Inc is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Company offers apparel for women and men, as well as accessories, shoes and home fashions. The Company’s target customers are women over 45 years old. The Company operates approximately 280 stores in over 30 states and an Internet store.

Institutional Ownership by Quarter for Stein Mart (NASDAQ:SMRT)

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