Bank of New York Mellon Corp lessened its stake in The Finish Line, Inc. (NASDAQ:FINL) by 4.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 673,574 shares of the specialty retailer’s stock after selling 28,895 shares during the quarter. Bank of New York Mellon Corp owned 1.68% of The Finish Line worth $9,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FINL. Bank of America Corp DE increased its holdings in shares of The Finish Line by 388.8% in the 1st quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer’s stock valued at $7,702,000 after purchasing an additional 430,476 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in The Finish Line in the 1st quarter valued at about $3,640,000. Credit Suisse AG grew its stake in The Finish Line by 223.0% in the 1st quarter. Credit Suisse AG now owns 297,867 shares of the specialty retailer’s stock valued at $4,239,000 after acquiring an additional 205,656 shares during the last quarter. State Street Corp grew its stake in The Finish Line by 17.3% in the 1st quarter. State Street Corp now owns 1,380,369 shares of the specialty retailer’s stock valued at $19,640,000 after acquiring an additional 203,325 shares during the last quarter. Finally, Royce & Associates LP acquired a new stake in The Finish Line in the 1st quarter valued at about $1,281,000. Institutional investors and hedge funds own 99.94% of the company’s stock.

In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction dated Saturday, July 15th. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Following the transaction, the chief operating officer now owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction dated Saturday, July 29th. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Following the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $257,049.54. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

A number of brokerages recently commented on FINL. Canaccord Genuity increased their price objective on shares of The Finish Line from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday. Wells Fargo & Company increased their price objective on shares of The Finish Line from $8.00 to $9.00 and gave the company a “market perform” rating in a research note on Monday. FBR & Co reissued a “hold” rating and issued a $9.00 price objective on shares of The Finish Line in a research note on Friday, September 22nd. Zacks Investment Research raised shares of The Finish Line from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Piper Jaffray Companies reissued an “underweight” rating and issued a $8.00 price objective on shares of The Finish Line in a research note on Monday, September 18th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.48.

The Finish Line, Inc. (FINL) opened at 11.25 on Thursday. The stock’s market capitalization is $452.17 million. The Finish Line, Inc. has a one year low of $6.90 and a one year high of $24.50. The stock’s 50 day moving average is $11.03 and its 200 day moving average is $13.72.

The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. The company had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $478.25 million. During the same quarter in the previous year, the business posted $0.53 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities analysts forecast that The Finish Line, Inc. will post $0.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.44 annualized dividend and a yield of 3.91%. The Finish Line’s dividend payout ratio (DPR) is presently -45.83%.

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

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