Summit Global Investments acquired a new stake in Shoe Carnival, Inc. (NASDAQ:SCVL – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,626 shares of the company’s stock, valued at approximately $244,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. increased its stake in Shoe Carnival by 392.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,300 shares of the company’s stock worth $39,000 after purchasing an additional 1,036 shares during the period. Maryland State Retirement & Pension System acquired a new stake in shares of Shoe Carnival during the first quarter worth $240,000. EMC Capital Management lifted its stake in shares of Shoe Carnival by 11.9% in the first quarter. EMC Capital Management now owns 7,468 shares of the company’s stock valued at $274,000 after purchasing an additional 793 shares during the period. BOKF NA purchased a new position in shares of Shoe Carnival during the 1st quarter worth approximately $308,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Shoe Carnival during the 4th quarter worth about $272,000. 66.05% of the stock is owned by institutional investors and hedge funds.
Shoe Carnival Price Performance
SCVL stock traded up $0.48 during midday trading on Wednesday, hitting $43.24. The stock had a trading volume of 56,624 shares, compared to its average volume of 202,216. The firm has a market cap of $1.17 billion, a PE ratio of 15.98 and a beta of 1.49. Shoe Carnival, Inc. has a 12-month low of $19.87 and a 12-month high of $44.48. The company’s 50-day moving average price is $39.03 and its 200 day moving average price is $35.50.
Shoe Carnival Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were given a dividend of $0.135 per share. The ex-dividend date was Monday, July 8th. This represents a $0.54 dividend on an annualized basis and a yield of 1.25%. Shoe Carnival’s dividend payout ratio (DPR) is presently 19.93%.
Shoe Carnival Company Profile
Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.
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