Hancock Holding Co. Decreases Position in Finish Line Inc (FINL)

Hancock Holding Co. reduced its stake in shares of Finish Line Inc (NASDAQ:FINL) by 10.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,270 shares of the specialty retailer’s stock after selling 7,010 shares during the period. Hancock Holding Co. owned about 0.15% of Finish Line worth $872,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Group LTD increased its position in Finish Line by 4.0% in the third quarter. BlackRock Group LTD now owns 81,375 shares of the specialty retailer’s stock valued at $1,877,000 after buying an additional 3,094 shares in the last quarter. LSV Asset Management increased its position in Finish Line by 10.6% in the first quarter. LSV Asset Management now owns 2,044,159 shares of the specialty retailer’s stock valued at $29,088,000 after buying an additional 195,891 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Finish Line by 2,410.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 554,857 shares of the specialty retailer’s stock valued at $10,437,000 after buying an additional 532,759 shares in the last quarter. Foundry Partners LLC increased its position in Finish Line by 12.6% in the first quarter. Foundry Partners LLC now owns 163,688 shares of the specialty retailer’s stock valued at $2,329,000 after buying an additional 18,343 shares in the last quarter. Finally, Allianz Asset Management AG increased its position in Finish Line by 1,365.6% in the fourth quarter. Allianz Asset Management AG now owns 216,441 shares of the specialty retailer’s stock valued at $4,071,000 after buying an additional 201,673 shares in the last quarter.

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

Shares of Finish Line Inc (NASDAQ:FINL) opened at 14.10 on Thursday. Finish Line Inc has a 1-year low of $12.46 and a 1-year high of $24.52. The company’s 50-day moving average price is $14.93 and its 200 day moving average price is $17.79. The stock’s market cap is $568.98 million.

Finish Line (NASDAQ:FINL) last issued its quarterly earnings data on Friday, March 24th. The specialty retailer reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by $0.20. Finish Line had a negative net margin of 0.25% and a positive return on equity of 11.57%. The business had revenue of $557.50 million for the quarter, compared to analyst estimates of $544.88 million. During the same quarter last year, the business earned $0.83 EPS. Finish Line’s revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts forecast that Finish Line Inc will post $1.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Friday, May 26th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Wednesday, May 24th. Finish Line’s dividend payout ratio (DPR) is -285.71%.

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FINL has been the subject of several research reports. Citigroup Inc dropped their target price on Finish Line from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, January 25th. Zacks Investment Research downgraded Finish Line from a “hold” rating to a “sell” rating in a research report on Tuesday, January 31st. Wedbush reaffirmed a “neutral” rating and issued a $18.00 target price (down from $20.00) on shares of Finish Line in a research report on Friday, March 17th. Mizuho downgraded Finish Line from a “buy” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $18.00 in a research report on Thursday, March 9th. Finally, Susquehanna Bancshares Inc dropped their target price on Finish Line from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, January 30th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $19.33.

In related news, COO Melissa A. Greenwell sold 7,525 shares of the firm’s stock in a transaction that occurred on Saturday, July 15th. The stock was sold at an average price of $22.71, for a total value of $170,892.75. Following the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Melissa A. Greenwell sold 4,077 shares of the firm’s stock in a transaction that occurred on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the completion of the sale, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $257,049.54. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

About Finish Line

The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.

12 Month Chart for NASDAQ:FINL

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