Acuitas Investments LLC Has $1.31 Million Stock Holdings in The Cato Co. (NYSE:CATO)

Acuitas Investments LLC lowered its holdings in The Cato Co. (NYSE:CATO) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 182,789 shares of the specialty retailer’s stock after selling 16,925 shares during the period. Acuitas Investments LLC’s holdings in Cato were worth $1,305,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CATO. Barclays PLC raised its position in shares of Cato by 46.0% in the 3rd quarter. Barclays PLC now owns 5,801 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 1,827 shares in the last quarter. Gladius Capital Management LP raised its position in shares of Cato by 129.5% in the 3rd quarter. Gladius Capital Management LP now owns 4,197 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 2,368 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Cato by 19.8% in the 3rd quarter. GSA Capital Partners LLP now owns 114,939 shares of the specialty retailer’s stock valued at $880,000 after buying an additional 19,026 shares in the last quarter. Trexquant Investment LP raised its position in shares of Cato by 101.8% in the 3rd quarter. Trexquant Investment LP now owns 56,279 shares of the specialty retailer’s stock valued at $431,000 after buying an additional 28,394 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Cato in the 3rd quarter valued at approximately $223,000. Institutional investors own 61.10% of the company’s stock.

Cato Price Performance

CATO stock remained flat at $4.77 during trading on Friday. 5,020 shares of the company were exchanged, compared to its average volume of 104,427. The business’s fifty day moving average is $5.85 and its 200-day moving average is $6.62. The company has a market capitalization of $98.12 million, a P/E ratio of -4.11 and a beta of 1.05. The Cato Co. has a twelve month low of $4.72 and a twelve month high of $8.91.

Cato (NYSE:CATO) last posted its earnings results on Thursday, March 21st. The specialty retailer reported ($1.14) earnings per share for the quarter. Cato had a negative return on equity of 11.11% and a negative net margin of 3.38%. The business had revenue of $174.88 million for the quarter.

Cato Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Tuesday, March 26th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 14.26%. The ex-dividend date was Monday, March 25th. Cato’s payout ratio is -58.62%.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of Cato from a “c-” rating to a “d+” rating in a research report on Monday, March 18th.

Cato Profile

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants.