Bank of Montreal Can reduced its position in The Finish Line, Inc. (NASDAQ:FINL) by 77.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,502 shares of the specialty retailer’s stock after selling 63,640 shares during the period. Bank of Montreal Can’s holdings in The Finish Line were worth $262,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FINL. BlackRock Group LTD raised its stake in The 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 during the period. UBS Asset Management Americas Inc. raised its stake in The 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 during the period. Foundry Partners LLC raised its stake in The 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 during the period. Allianz Asset Management AG raised its stake in The 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 during the period. Finally, SG Capital Management LLC bought a new stake in The Finish Line during the third quarter valued at approximately $2,769,000.

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

Shares of The Finish Line, Inc. (NASDAQ FINL) opened at 13.75 on Friday. The company has a 50-day moving average of $14.57 and a 200-day moving average of $16.86. The Finish Line, Inc. has a 52-week low of $12.46 and a 52-week high of $24.52. The stock’s market capitalization is $554.85 million.

The Finish Line (NASDAQ:FINL) last posted its earnings results on Friday, March 24th. The specialty retailer reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.20. The Finish Line had a negative net margin of 0.96% and a positive return on equity of 8.71%. The business had revenue of $557.50 million for the quarter, compared to analysts’ expectations of $544.88 million. During the same quarter last year, the business posted $0.83 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. Equities research analysts anticipate that The Finish Line, Inc. will post $1.15 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Friday, May 26th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, May 24th. This represents a $0.44 annualized dividend and a yield of 3.20%. The Finish Line’s dividend payout ratio (DPR) is currently -95.65%.

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Several research firms have recently commented on FINL. Wedbush restated a “neutral” rating and issued a $15.00 price objective on shares of The Finish Line in a research note on Friday. Zacks Investment Research raised shares of The Finish Line from a “sell” rating to a “hold” rating in a report on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $19.00 target price on shares of The Finish Line in a report on Friday, June 9th. Canaccord Genuity reaffirmed a “hold” rating and issued a $14.00 target price on shares of The Finish Line in a report on Friday, May 26th. Finally, Monness Crespi & Hardt raised shares of The Finish Line from a “neutral” rating to a “buy” rating and upped their target price for the stock from $14.09 to $17.00 in a report on Monday, May 22nd. They noted that the move was a valuation call. Nineteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. The Finish Line has an average rating of “Hold” and an average target price of $19.33.

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

About The 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.

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