Aquatic Capital Management LLC Purchases Shares of 8,576 HarborOne Bancorp, Inc. (NASDAQ:HONE)

Aquatic Capital Management LLC purchased a new stake in shares of HarborOne Bancorp, Inc. (NASDAQ:HONE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,576 shares of the financial services provider’s stock, valued at approximately $101,000.

A number of other hedge funds also recently modified their holdings of HONE. T. Rowe Price Investment Management Inc. lifted its stake in shares of HarborOne Bancorp by 2.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,693,131 shares of the financial services provider’s stock worth $67,350,000 after acquiring an additional 131,602 shares during the period. Hsbc Holdings PLC raised its holdings in HarborOne Bancorp by 61.3% during the 4th quarter. Hsbc Holdings PLC now owns 46,780 shares of the financial services provider’s stock worth $553,000 after purchasing an additional 17,772 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of HarborOne Bancorp by 128.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,507 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 2,538 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of HarborOne Bancorp by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,592,784 shares of the financial services provider’s stock valued at $30,673,000 after purchasing an additional 47,592 shares during the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of HarborOne Bancorp during the fourth quarter worth $471,000. Institutional investors and hedge funds own 65.01% of the company’s stock.

HarborOne Bancorp Stock Performance

HONE opened at $11.52 on Tuesday. The company has a fifty day moving average price of $10.41 and a two-hundred day moving average price of $11.63. HarborOne Bancorp, Inc. has a 1-year low of $8.89 and a 1-year high of $14.00. The company has a market cap of $512.19 million, a P/E ratio of 17.45 and a beta of 0.60. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92.

HarborOne Bancorp (NASDAQ:HONE) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The firm had revenue of $41.36 million during the quarter, compared to the consensus estimate of $36.01 million. HarborOne Bancorp had a net margin of 8.61% and a return on equity of 4.63%. Analysts predict that HarborOne Bancorp, Inc. will post 0.83 EPS for the current fiscal year.

HarborOne Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.35%. The ex-dividend date was Wednesday, April 9th. HarborOne Bancorp’s payout ratio is currently 50.79%.

Analyst Ratings Changes

HONE has been the topic of a number of research analyst reports. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of HarborOne Bancorp in a research report on Tuesday, April 29th. Seaport Res Ptn upgraded HarborOne Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Finally, StockNews.com started coverage on HarborOne Bancorp in a report on Tuesday. They issued a “hold” rating for the company.

HarborOne Bancorp Profile

HarborOne Bancorp, Inc operates as the holding company for HarborOne Bank that provides financial services to individuals, families, small and mid-size businesses, and municipalities. The company operates in two segments, HarborOne Bank and HarborOne Mortgage. Its primary deposit products include checking, money market, savings, and term certificate of deposit accounts; and primary lending products comprise commercial real estate, commercial, residential mortgages, home equity, and consumer loans.