D. E. Shaw & Co. Inc. bought a new stake in Stein Mart, Inc. (NASDAQ:SMRT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 81,538 shares of the company’s stock, valued at approximately $70,000. D. E. Shaw & Co. Inc. owned approximately 0.17% of Stein Mart at the end of the most recent quarter.
Separately, Vanguard Group Inc. increased its holdings in Stein Mart by 44.4% in the second quarter. Vanguard Group Inc. now owns 976,732 shares of the company’s stock valued at $840,000 after buying an additional 300,507 shares in the last quarter. 7.84% of the stock is currently owned by institutional investors.
Shares of SMRT traded down $0.01 during mid-day trading on Monday, reaching $0.82. 12,714 shares of the company’s stock were exchanged, compared to its average volume of 71,699. The company has a current ratio of 1.14, a quick ratio of 0.17 and a debt-to-equity ratio of 10.45. The company has a 50-day simple moving average of $0.77 and a two-hundred day simple moving average of $0.85. Stein Mart, Inc. has a 52-week low of $0.65 and a 52-week high of $2.25.
Separately, ValuEngine raised shares of Stein Mart from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
Stein Mart Profile
Stein Mart, Inc a specialty off-price retailer, offers designer and name-brand fashion apparels, home décor merchandise, accessories, and shoes at everyday discount prices in the Unites States. The company's stores also provide merchandise locator services; a preferred customer program; co-branded and private label credit card programs; and electronic gift cards.
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