Conestoga Capital Advisors LLC Raises Stake in Stamps.com Inc. (STMP)
Conestoga Capital Advisors LLC boosted its position in Stamps.com Inc. (NASDAQ:STMP) by 3.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 379,304 shares of the company’s stock after buying an additional 11,390 shares during the period. Stamps.com makes up approximately 2.5% of Conestoga Capital Advisors LLC’s portfolio, making the stock its 12th largest position. Conestoga Capital Advisors LLC owned about 2.20% of Stamps.com worth $35,848,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in STMP. FMR LLC raised its stake in Stamps.com by 7.0% in the second quarter. FMR LLC now owns 2,530,178 shares of the company’s stock worth $221,188,000 after buying an additional 166,500 shares during the last quarter. Vanguard Group Inc. raised its stake in Stamps.com by 6.7% in the second quarter. Vanguard Group Inc. now owns 1,252,774 shares of the company’s stock worth $109,517,000 after buying an additional 79,128 shares during the last quarter. BlackRock Fund Advisors raised its stake in Stamps.com by 10.3% in the second quarter. BlackRock Fund Advisors now owns 1,005,921 shares of the company’s stock worth $87,938,000 after buying an additional 93,579 shares during the last quarter. Columbus Circle Investors raised its stake in Stamps.com by 51.7% in the second quarter. Columbus Circle Investors now owns 441,618 shares of the company’s stock worth $38,606,000 after buying an additional 150,419 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Stamps.com by 4.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 379,220 shares of the company’s stock worth $33,151,000 after buying an additional 15,189 shares during the last quarter. Institutional investors and hedge funds own 97.07% of the company’s stock.
Shares of Stamps.com Inc. (NASDAQ:STMP) traded up 0.54% on Monday, hitting $112.70. The company’s stock had a trading volume of 573,337 shares. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 43.87 and a beta of 0.23. Stamps.com Inc. has a 52 week low of $68.82 and a 52 week high of $123.75. The stock’s 50 day moving average is $96.81 and its 200-day moving average is $89.23.
Stamps.com (NASDAQ:STMP) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $2.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.76. Stamps.com had a net margin of 14.05% and a return on equity of 30.57%. The business had revenue of $92.60 million for the quarter, compared to analyst estimates of $79.40 million. During the same quarter last year, the business earned $1.14 earnings per share. The business’s revenue for the quarter was up 79.1% on a year-over-year basis. On average, equities research analysts anticipate that Stamps.com Inc. will post $8.29 earnings per share for the current year.
A number of equities research analysts recently issued reports on STMP shares. Roth Capital set a $133.00 target price on Stamps.com and gave the company a “buy” rating in a research note on Sunday, November 6th. B. Riley reaffirmed a “buy” rating and issued a $160.00 target price on shares of Stamps.com in a research note on Tuesday, September 20th. Finally, Zacks Investment Research lowered Stamps.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 29th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Stamps.com currently has a consensus rating of “Buy” and a consensus price target of $145.67.
In related news, insider James Bortnak sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $94.53, for a total transaction of $472,650.00. Following the transaction, the insider now owns 6,093 shares in the company, valued at $575,971.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd I. Miller III sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $108.00, for a total transaction of $3,780,000.00. Following the transaction, the director now owns 195,669 shares in the company, valued at approximately $21,132,252. The disclosure for this sale can be found here. Corporate insiders own 11.46% of the company’s stock.
Stamps.com Inc is a provider of Internet-based mailing and shipping solutions. The Company operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s customers use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others.
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