Confluence Investment Management LLC Increases Stock Holdings in Nintendo Co., Ltd. (OTCMKTS:NTDOY)

Confluence Investment Management LLC raised its stake in Nintendo Co., Ltd. (OTCMKTS:NTDOY) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,139 shares of the company’s stock after purchasing an additional 1,178 shares during the period. Confluence Investment Management LLC’s holdings in Nintendo were worth $747,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in Nintendo in the fourth quarter valued at approximately $90,000. ORG Partners LLC purchased a new position in shares of Nintendo during the first quarter worth approximately $110,000. SVB Wealth LLC grew its position in shares of Nintendo by 32.3% during the fourth quarter. SVB Wealth LLC now owns 13,692 shares of the company’s stock worth $178,000 after acquiring an additional 3,344 shares during the last quarter. Cable Hill Partners LLC purchased a new position in shares of Nintendo during the fourth quarter worth approximately $205,000. Finally, O Brien Greene & Co. Inc grew its position in shares of Nintendo by 8.2% during the fourth quarter. O Brien Greene & Co. Inc now owns 35,615 shares of the company’s stock worth $463,000 after acquiring an additional 2,690 shares during the last quarter. 0.02% of the stock is currently owned by hedge funds and other institutional investors.

Nintendo Price Performance

Shares of NTDOY traded down $1.32 during mid-day trading on Monday, reaching $11.89. 2,413,900 shares of the company’s stock were exchanged, compared to its average volume of 916,524. The stock has a market capitalization of $61.77 billion, a PE ratio of 16.29 and a beta of 0.43. The business’s fifty day simple moving average is $13.57 and its 200-day simple moving average is $13.45. Nintendo Co., Ltd. has a 52-week low of $10.03 and a 52-week high of $15.01.

Nintendo (OTCMKTS:NTDOY) last announced its earnings results on Friday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.71 billion. Nintendo had a net margin of 29.54% and a return on equity of 20.09%. Equities research analysts predict that Nintendo Co., Ltd. will post 0.53 earnings per share for the current year.

Nintendo Company Profile

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.