Mark Haymond Robinson Sells 7,083 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 7,083 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $22.38, for a total value of $158,517.54. Following the sale, the general counsel owned 108,147 shares of the company’s stock, valued at approximately $2,420,329.86. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Haymond Robinson also recently made the following trade(s):

• On Monday, July 6th, Mark Haymond Robinson sold 3,957 shares of GameStop stock. The shares were sold at an average price of $22.62, for a total value of $89,507.34.
• On Monday, April 13th, Mark Haymond Robinson sold 3,912 shares of GameStop stock. The shares were sold at an average price of $23.19, for a total value of $90,719.28.

GameStop Stock Performance

Shares of GME stock opened at $22.22 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 12.40 and a quick ratio of 11.91. GameStop Corp. has a fifty-two week low of $19.93 and a fifty-two week high of $28.10. The stock’s 50-day moving average is $22.37 and its two-hundred day moving average is $22.85. The firm has a market cap of $9.97 billion, a P/E ratio of 16.83 and a beta of 1.76.

GameStop (NYSE:GME) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $835.30 million during the quarter, compared to the consensus estimate of $766.63 million. GameStop had a return on equity of 13.75% and a net margin of 20.45%.The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the business earned $0.17 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of GameStop by 308.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock valued at $26,000 after acquiring an additional 732 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in GameStop by 226.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock valued at $31,000 after purchasing an additional 886 shares during the last quarter. Advisory Services Network LLC acquired a new position in GameStop during the third quarter valued at approximately $39,000. Los Angeles Capital Management LLC bought a new position in shares of GameStop in the fourth quarter valued at approximately $39,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of GameStop by 805.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the company’s stock valued at $45,000 after purchasing an additional 2,014 shares during the period. 29.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GME has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of GameStop from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of GameStop from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, GameStop presently has a consensus rating of “Hold”.

GameStop Company Profile

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.