Jefferies Financial Group Inc. Has $1.30 Million Position in GameStop Corp. (GME)

Jefferies Financial Group Inc. trimmed its stake in shares of GameStop Corp. (NYSE:GME) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,784 shares of the company’s stock after selling 1,574 shares during the period. Jefferies Financial Group Inc. owned about 0.10% of GameStop worth $1,297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GME. Oregon Public Employees Retirement Fund acquired a new stake in GameStop during the fourth quarter worth about $39,000. Tower Research Capital LLC TRC acquired a new stake in GameStop during the third quarter worth about $114,000. Raymond James & Associates acquired a new stake in GameStop during the fourth quarter worth about $141,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in GameStop during the fourth quarter worth about $158,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in GameStop during the third quarter worth about $177,000. 98.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:GME traded up $0.06 during trading on Friday, reaching $11.01. The stock had a trading volume of 656,562 shares, compared to its average volume of 3,855,956. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.10 and a quick ratio of 0.30. The firm has a market capitalization of $1.17 billion, a PE ratio of 3.30 and a beta of 0.66. GameStop Corp. has a 1-year low of $10.75 and a 1-year high of $17.27.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 13.81%. The ex-dividend date of this dividend is Thursday, March 14th. GameStop’s dividend payout ratio is presently 45.51%.

Several brokerages have commented on GME. Zacks Investment Research lowered GameStop from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America lowered GameStop from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $12.00 to $9.00 in a report on Friday, March 8th. ValuEngine lowered GameStop from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 29th. Wedbush set a $15.00 price objective on GameStop and gave the company a “buy” rating in a report on Tuesday, January 29th. Finally, Loop Capital dropped their price objective on GameStop from $15.00 to $12.00 in a report on Tuesday, January 29th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.33.

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GameStop Profile

GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.

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Institutional Ownership by Quarter for GameStop (NYSE:GME)

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