Moab Capital Partners LLC Takes Position in Shutterfly, Inc. (NASDAQ:SFLY)
Moab Capital Partners LLC acquired a new stake in Shutterfly, Inc. (NASDAQ:SFLY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,704 shares of the technology company’s stock, valued at approximately $996,000. Shutterfly accounts for approximately 0.3% of Moab Capital Partners LLC’s portfolio, making the stock its 28th biggest holding. Moab Capital Partners LLC owned about 0.06% of Shutterfly at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its holdings in shares of Shutterfly by 65.0% in the second quarter. Cubist Systematic Strategies LLC now owns 11,573 shares of the technology company’s stock valued at $585,000 after acquiring an additional 4,557 shares during the period. Morgan Stanley raised its stake in shares of Shutterfly by 40.9% during the second quarter. Morgan Stanley now owns 160,146 shares of the technology company’s stock worth $8,095,000 after purchasing an additional 46,520 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Shutterfly during the second quarter worth approximately $5,560,000. Omni Partners LLP purchased a new stake in shares of Shutterfly during the second quarter worth approximately $29,515,000. Finally, Vanguard Group Inc. raised its stake in shares of Shutterfly by 5.4% during the second quarter. Vanguard Group Inc. now owns 3,650,023 shares of the technology company’s stock worth $184,508,000 after purchasing an additional 187,424 shares during the last quarter.
In other Shutterfly news, insider Scott Arnold sold 12,543 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $50.59, for a total value of $634,550.37. Following the completion of the transaction, the insider now owns 12,543 shares in the company, valued at $634,550.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Dennis Gregory Hintz sold 1,047 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $50.54, for a total value of $52,915.38. Following the completion of the transaction, the senior vice president now owns 4,451 shares of the company’s stock, valued at approximately $224,953.54. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
NASDAQ:SFLY remained flat at $$50.90 during trading hours on Friday. The company’s stock had a trading volume of 408,941 shares, compared to its average volume of 341,342. The company has a 50-day moving average price of $50.83 and a 200-day moving average price of $47.12. The firm has a market capitalization of $1.75 billion, a P/E ratio of 16.69 and a beta of 1.24. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.30 and a quick ratio of 1.22. Shutterfly, Inc. has a 1 year low of $35.08 and a 1 year high of $71.13.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.23). The firm had revenue of $473.42 million during the quarter, compared to analysts’ expectations of $475.09 million. Shutterfly had a return on equity of 4.37% and a net margin of 0.36%. On average, research analysts anticipate that Shutterfly, Inc. will post 0.8 EPS for the current fiscal year.
Shutterfly, Inc manufactures and retails personalized products primarily in the United States, Canada, and the European Community. The company operates through three reportable segments: Shutterfly Consumer, Lifetouch, and Shutterfly Business Solutions. The Shutterfly Consumer segment provides products, such as portraits, cards and stationery items, professionally-bound photo books and year books, personalized gifts and home décor products, and calendars and prints; and mugs, ornaments, candles, pillows, and blankets through the Shutterfly, Tiny Prints, and Groovebook domains, as well as rents photographic and video equipment under BorrowLenses brand.
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