114,364 Shares in Finish Line, Inc. (FINL) Acquired by Chicago Equity Partners LLC

Chicago Equity Partners LLC bought a new stake in Finish Line, Inc. (NASDAQ:FINL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 114,364 shares of the specialty retailer’s stock, valued at approximately $1,548,000. Chicago Equity Partners LLC owned approximately 0.28% of Finish Line as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Finish Line in the fourth quarter valued at approximately $167,000. Tower Research Capital LLC TRC bought a new position in shares of Finish Line in the fourth quarter valued at approximately $181,000. Teacher Retirement System of Texas bought a new position in shares of Finish Line in the fourth quarter valued at approximately $202,000. Quantitative Systematic Strategies LLC bought a new position in shares of Finish Line in the fourth quarter valued at approximately $207,000. Finally, Unison Advisors LLC bought a new position in shares of Finish Line in the fourth quarter valued at approximately $232,000. 86.63% of the stock is owned by institutional investors.

Finish Line stock opened at $13.44 on Friday. Finish Line, Inc. has a one year low of $13.55 and a one year high of $13.60. The firm has a market capitalization of $546.82 million, a PE ratio of 19.48, a P/E/G ratio of 1.81 and a beta of 0.89.

Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Thursday, March 29th. The specialty retailer reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. Finish Line had a return on equity of 6.32% and a net margin of 0.78%. The firm had revenue of $561.30 million during the quarter, compared to analyst estimates of $575.43 million. During the same period last year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. research analysts anticipate that Finish Line, Inc. will post 0.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Friday, May 18th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Thursday, May 17th. Finish Line’s payout ratio is currently 66.67%.

FINL has been the subject of several recent analyst reports. Jefferies Group lowered Finish Line from a “buy” rating to a “hold” rating in a report on Friday, March 30th. Zacks Investment Research raised Finish Line from a “sell” rating to a “buy” rating and set a $12.00 target price for the company in a report on Friday, March 2nd. BidaskClub lowered Finish Line from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Canaccord Genuity set a $14.00 price objective on Finish Line and gave the company a “hold” rating in a report on Sunday, April 1st. Finally, Credit Suisse Group initiated coverage on Finish Line in a report on Monday, March 12th. They set an “underperform” rating and a $9.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. Finish Line has a consensus rating of “Hold” and an average price target of $11.53.

Finish Line Profile

The Finish Line, Inc, together with its subsidiaries, operates as a retailer of athletic shoes, apparel, and accessories for men, women, and kids in the United States. The company offers athletic shoes, as well as an assortment of apparel and accessories of Nike, Brand Jordan, adidas, Under Armour, Puma, and other brands.

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

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