Systematic Financial Management LP lowered its stake in shares of The Finish Line, Inc. (NASDAQ:FINL) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,990 shares of the specialty retailer’s stock after selling 4,460 shares during the quarter. Systematic Financial Management LP owned 0.23% of The Finish Line worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Texas Permanent School Fund increased its position in shares of The Finish Line by 0.3% during the second quarter. Texas Permanent School Fund now owns 29,462 shares of the specialty retailer’s stock worth $417,000 after acquiring an additional 96 shares during the period. Tocqueville Asset Management L.P. increased its position in shares of The Finish Line by 0.6% during the second quarter. Tocqueville Asset Management L.P. now owns 23,854 shares of the specialty retailer’s stock worth $338,000 after acquiring an additional 154 shares during the period. Arizona State Retirement System increased its position in shares of The Finish Line by 1.0% during the first quarter. Arizona State Retirement System now owns 21,119 shares of the specialty retailer’s stock worth $301,000 after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System increased its position in shares of The Finish Line by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer’s stock worth $235,000 after acquiring an additional 200 shares during the period. Finally, NGAM Advisors L.P. increased its position in shares of The Finish Line by 1.6% during the second quarter. NGAM Advisors L.P. now owns 15,461 shares of the specialty retailer’s stock worth $219,000 after acquiring an additional 240 shares during the period. 99.94% of the stock is currently owned by institutional investors and hedge funds.

In related news, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction that occurred on Saturday, July 15th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Melissa A. Greenwell sold 4,077 shares of the business’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 transaction of $88,348.59. Following the completion of the sale, the chief operating officer now owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by insiders.

The Finish Line, Inc. (FINL) opened at 9.88 on Tuesday. The Finish Line, Inc. has a one year low of $6.90 and a one year high of $24.50. The stock’s market capitalization is $396.64 million. The firm has a 50-day moving average of $11.15 and a 200-day moving average of $13.77.

The Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The company had revenue of $429.80 million for the quarter, compared to the consensus estimate of $433.97 million. During the same period in the previous year, the firm earned $0.23 EPS. The Finish Line’s revenue was up .0% on a year-over-year basis. On average, equities research analysts forecast that The Finish Line, Inc. will post $0.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.45%. The Finish Line’s dividend payout ratio (DPR) is -89.80%.

A number of analysts have recently weighed in on the company. Monness Crespi & Hardt raised The Finish Line from a “neutral” rating to a “buy” rating and upped their price objective 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. Jefferies Group LLC set a $17.00 target price on shares of The Finish Line and gave the stock a “buy” rating in a research note on Sunday, August 20th. BidaskClub upgraded shares of The Finish Line from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Canaccord Genuity reiterated a “hold” rating and set a $14.00 target price on shares of The Finish Line in a research note on Friday, May 26th. Finally, Piper Jaffray Companies reiterated a “neutral” rating on shares of The Finish Line in a research note on Wednesday, June 21st. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.55.

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The Finish Line Profile

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

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