Dynamic Technology Lab Private Ltd bought a new position in The Finish Line, Inc. (NASDAQ:FINL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 134,425 shares of the specialty retailer’s stock, valued at approximately $1,617,000. Dynamic Technology Lab Private Ltd owned approximately 0.33% of The Finish Line at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC raised its holdings in shares of The Finish Line by 8.2% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,917,439 shares of the specialty retailer’s stock worth $27,170,000 after purchasing an additional 146,110 shares in the last quarter. Numeric Investors LLC raised its holdings in shares of The Finish Line by 34.6% in the 2nd quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock worth $26,148,000 after purchasing an additional 474,200 shares in the last quarter. Boston Partners raised its holdings in shares of The Finish Line by 2.7% in the 2nd quarter. Boston Partners now owns 1,794,536 shares of the specialty retailer’s stock worth $25,429,000 after purchasing an additional 47,012 shares in the last quarter. State Street Corp raised its holdings in shares of The Finish Line by 6.5% in the 2nd quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock worth $20,840,000 after purchasing an additional 90,370 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of The Finish Line by 1,730.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 602,745 shares of the specialty retailer’s stock worth $8,541,000 after purchasing an additional 569,823 shares in the last quarter. Institutional investors and hedge funds own 98.85% of the company’s stock.

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A number of analysts recently commented on FINL shares. Robert W. Baird downgraded shares of The Finish Line to a “neutral” rating and dropped their target price for the stock from $15.00 to $8.00 in a report on Tuesday, August 29th. They noted that the move was a valuation call. Susquehanna Bancshares Inc downgraded shares of The Finish Line from a “positive” rating to a “neutral” rating in a report on Monday, October 2nd. Cowen and Company set a $10.00 target price on shares of The Finish Line and gave the stock a “hold” rating in a report on Monday, October 23rd. UBS AG reiterated a “sell” rating and issued a $9.00 target price (down from $14.00) on shares of The Finish Line in a report on Monday, August 21st. Finally, Wells Fargo & Company dropped their target price on shares of The Finish Line from $12.00 to $9.00 and set a “market perform” rating on the stock in a report on Sunday, October 1st. Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the stock. The Finish Line presently has an average rating of “Hold” and an average price target of $10.60.

The Finish Line, Inc. (NASDAQ FINL) traded up $0.67 during trading on Friday, reaching $9.74. 2,638,160 shares of the company’s stock traded hands, compared to its average volume of 1,273,789. The firm has a market cap of $395.05, a price-to-earnings ratio of 15.97, a PEG ratio of 1.79 and a beta of 1.33. The Finish Line, Inc. has a 1 year low of $6.90 and a 1 year high of $24.50.

The Finish Line (NASDAQ:FINL) last posted its earnings results on Friday, September 22nd. The specialty retailer reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $469.40 million during the quarter, compared to the consensus estimate of $478.25 million. The Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. equities research analysts predict that The Finish Line, Inc. will post 0.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 24th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Wednesday, November 22nd. The Finish Line’s dividend payout ratio is -45.83%.

The Finish Line Company 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.

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

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