Metropolitan Life Insurance Co. NY continued to hold its stake in The Finish Line, Inc. (NASDAQ:FINL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,411 shares of the specialty retailer’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned 0.07% of The Finish Line worth $419,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FINL. Mason Street Advisors LLC increased its stake in The Finish Line by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock worth $135,000 after buying an additional 620 shares during the period. Weiss Asset Management LP acquired a new stake in The Finish Line during the first quarter worth about $157,000. Soros Fund Management LLC acquired a new stake in The Finish Line during the first quarter worth about $169,000. Quantitative Systematic Strategies LLC acquired a new stake in The Finish Line during the first quarter worth about $198,000. Finally, Ngam Advisors L.P. increased its stake in The Finish Line by 42.2% in the first quarter. Ngam Advisors L.P. now owns 15,221 shares of the specialty retailer’s stock worth $216,000 after buying an additional 4,520 shares during the period.

The Finish Line, Inc. (FINL) traded up 0.120% during trading on Wednesday, hitting $12.555. The stock had a trading volume of 258,510 shares. The firm’s market cap is $504.03 million. The company’s 50-day moving average is $13.91 and its 200 day moving average is $14.99. The Finish Line, Inc. has a 52 week low of $12.25 and a 52 week high of $24.52.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The company had revenue of $429.80 million for the quarter, compared to analyst estimates of $433.97 million. During the same quarter last year, the firm earned $0.23 EPS. The Finish Line’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts expect that The Finish Line, Inc. will post $1.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Wednesday, August 23rd. The Finish Line’s payout ratio is presently -89.80%.

COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/08/16/metropolitan-life-insurance-co-ny-continues-to-hold-position-in-the-finish-line-inc-finl.html.

A number of analysts recently issued reports on the stock. Monness Crespi & Hardt raised shares of The Finish Line from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.09 to $17.00 in a research report on Monday, May 22nd. They noted that the move was a valuation call. BidaskClub raised shares of The Finish Line from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. Canaccord Genuity reissued a “hold” rating and set a $14.00 target price on shares of The Finish Line in a research report on Friday, May 26th. Piper Jaffray Companies restated a “neutral” rating on shares of The Finish Line in a report on Wednesday, June 21st. Finally, Bank of America Corporation restated a “neutral” rating and issued a $14.00 price target (down previously from $16.00) on shares of The Finish Line in a report on Monday, June 26th. Nineteen analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.11.

In other news, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction that occurred on 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 owns 11,862 shares of the company’s stock, valued at approximately $257,049.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line 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 directly owns 11,862 shares in the company, valued at approximately $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.

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.

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

Receive News & Stock Ratings for The Finish Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line Inc. and related stocks with our FREE daily email newsletter.