Empire Capital Management L.l.c. adds Stamps.com (STMP) to its portfolio

Stamps.com (STMP) : Empire Capital Management L.l.c. added new position in Stamps.com during the most recent quarter end. The investment management firm now holds 14,139 shares of Stamps.com which is valued at $1.2 Million , the company said in a statement filed on May 13, 2016 with the SEC.Stamps.com makes up approximately 19.01% of Empire Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Royce Associates Lp reduced its stake in STMP by selling 15,500 shares or 22.27% in the most recent quarter. The Hedge Fund company now holds 54,100 shares of STMP which is valued at $4.5 Million. Stamps.com makes up approx 0.03% of Royce Associates Lp’s portfolio.Blackrock Investment Management boosted its stake in STMP in the latest quarter, The investment management firm added 1,750 additional shares and now holds a total of 55,954 shares of Stamps.com which is valued at $4.7 Million. Stamps.com makes up approx 0.01% of Blackrock Investment Management’s portfolio. Algert Global sold out all of its stake in STMP during the most recent quarter. The investment firm sold 2,010 shares of STMP which is valued $167,333. Engineers Gate Manager Lp added STMP to its portfolio by purchasing 43,495 company shares during the most recent quarter which is valued at $3.6 Million. Stamps.com makes up approx 0.29% of Engineers Gate Manager Lp’s portfolio.

Stamps.com opened for trading at $84.82 and hit $85 on the upside on Wednesday, eventually ending the session at $84.4, with a gain of 0.24% or 0.2 points. The heightened volatility saw the trading volume jump to 3,60,930 shares. Company has a market cap of $1,473 M.

On the company’s financial health, Stamps.com reported $1.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.67 according to the earnings call on May 9, 2016. Analyst had a consensus of $1.05. The company had revenue of $81.80 million for the quarter, compared to analysts expectations of $68.50 million. The company’s revenue was up 85.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Stamps.com Inc. is a provider of Internet-based mailing and shipping solutions. Under the Stamps.com branded solutions the Company’s customers use its service to mail and ship a range of mail pieces including postcards envelopes flats and packages using a range of United States Postal Service (USPS) mail classes including First Class Mail Priority Mail Priority Mail Express Media Mail and Parcel Select and among others. Its customers include individuals small businesses home offices medium-size businesses and large enterprises and within these segments the Company targets both mailers and shippers. In addition the Company offers multi-carrier shipping solutions under the brand names ShipStation and ShipWorks. The Company’s products and services include Mailing and Shipping Business and PhotoStamps.

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