Dupont Capital Management Corp bought a new stake in West Marine, Inc. (NASDAQ:WMAR) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 128,106 shares of the specialty retailer’s stock, valued at approximately $1,646,000. Dupont Capital Management Corp owned approximately 0.51% of West Marine at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WMAR. American International Group Inc. boosted its stake in West Marine by 7.1% in the first quarter. American International Group Inc. now owns 11,350 shares of the specialty retailer’s stock valued at $108,000 after buying an additional 753 shares in the last quarter. Hancock Holding Co. acquired a new stake in West Marine during the first quarter valued at about $186,000. Russell Investments Group Ltd. boosted its stake in West Marine by 155.8% in the second quarter. Russell Investments Group Ltd. now owns 22,806 shares of the specialty retailer’s stock valued at $293,000 after buying an additional 13,892 shares in the last quarter. Teachers Advisors LLC boosted its stake in West Marine by 8.1% in the fourth quarter. Teachers Advisors LLC now owns 34,502 shares of the specialty retailer’s stock valued at $361,000 after buying an additional 2,583 shares in the last quarter. Finally, First Quadrant L P CA boosted its stake in West Marine by 219.4% in the first quarter. First Quadrant L P CA now owns 46,546 shares of the specialty retailer’s stock valued at $444,000 after buying an additional 31,974 shares in the last quarter. Hedge funds and other institutional investors own 60.72% of the company’s stock.

Shares of West Marine, Inc. (NASDAQ:WMAR) opened at 12.93 on Monday. The company’s 50 day moving average price is $12.88 and its 200 day moving average price is $10.50. West Marine, Inc. has a 52-week low of $7.77 and a 52-week high of $13.01. The stock has a market cap of $326.86 million, a PE ratio of 40.92 and a beta of 1.31.

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Several analysts recently issued reports on the company. TheStreet upgraded West Marine from a “c+” rating to a “b” rating in a research report on Thursday, April 27th. Zacks Investment Research cut West Marine from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. B. Riley cut West Marine to a “neutral” rating and set a $12.97 target price for the company. in a research report on Sunday, July 16th. Forward View upgraded West Marine from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, BidaskClub cut West Marine from a “hold” rating to a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $9.99.

West Marine Company Profile

West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.

Institutional Ownership by Quarter for West Marine (NASDAQ:WMAR)

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