GSA Capital Partners LLP lifted its stake in Meta Financial Group Inc. (NASDAQ:CASH) by 78.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,565 shares of the savings and loans company’s stock after buying an additional 14,717 shares during the period. GSA Capital Partners LLP owned approximately 0.35% of Meta Financial Group worth $2,631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CASH. Malaga Cove Capital LLC purchased a new position in shares of Meta Financial Group in the third quarter worth about $111,000. SG Americas Securities LLC purchased a new position in shares of Meta Financial Group in the second quarter worth about $112,000. LS Investment Advisors LLC purchased a new position in shares of Meta Financial Group in the third quarter worth about $152,000. Victory Capital Management Inc. increased its holdings in shares of Meta Financial Group by 31.3% in the second quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock worth $161,000 after buying an additional 430 shares during the period. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of Meta Financial Group in the third quarter worth about $165,000. Hedge funds and other institutional investors own 76.89% of the company’s stock.

Shares of Meta Financial Group Inc. (CASH) opened at $90.50 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $888.35, a PE ratio of 13.11 and a beta of 0.90. Meta Financial Group Inc. has a 12 month low of $60.70 and a 12 month high of $106.90.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.52 annualized dividend and a dividend yield of 0.57%. Meta Financial Group’s payout ratio is presently 10.86%.

Several research firms recently issued reports on CASH. BidaskClub cut Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. B. Riley set a $100.00 target price on Meta Financial Group and gave the stock a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research cut Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. FBR & Co raised Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $88.00 target price on shares of Meta Financial Group in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $95.75.

In other news, Director Frederick V. Moore acquired 1,393 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were acquired at an average cost of $71.70 per share, with a total value of $99,878.10. Following the transaction, the director now owns 100 shares in the company, valued at approximately $7,170. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frederick V. Moore sold 450 shares of Meta Financial Group stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $71.75, for a total value of $32,287.50. Following the sale, the director now directly owns 100 shares in the company, valued at $7,175. The disclosure for this sale can be found here. 5.40% of the stock is owned by company insiders.

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Meta Financial Group Company Profile

Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.

Institutional Ownership by Quarter for Meta Financial Group (NASDAQ:CASH)

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