Stone Ridge Asset Management LLC purchased a new stake in Overstock.com Inc (NASDAQ:OSTK) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 32,406 shares of the company’s stock, valued at approximately $2,071,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Edge Wealth Management LLC acquired a new stake in Overstock.com in the 4th quarter valued at about $130,000. Nationwide Fund Advisors lifted its holdings in Overstock.com by 20.1% in the 2nd quarter. Nationwide Fund Advisors now owns 12,382 shares of the company’s stock valued at $202,000 after acquiring an additional 2,074 shares during the last quarter. Pier 88 Investment Partners LLC acquired a new stake in Overstock.com in the 4th quarter valued at about $147,000. Bank of Montreal Can lifted its holdings in Overstock.com by 347.9% in the 4th quarter. Bank of Montreal Can now owns 4,479 shares of the company’s stock valued at $286,000 after acquiring an additional 3,479 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Overstock.com in the 3rd quarter valued at about $109,000. 69.08% of the stock is owned by institutional investors.
In other news, insider Jonathan E. Johnson III sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $64.10, for a total value of $256,400.00. Following the transaction, the insider now owns 34,092 shares in the company, valued at approximately $2,185,297.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 28.90% of the stock is owned by corporate insiders.
Shares of Overstock.com Inc (NASDAQ OSTK) opened at $52.10 on Wednesday. Overstock.com Inc has a 52 week low of $13.75 and a 52 week high of $89.80. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 0.33.
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Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.
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