Pivot Point Capital Partners buys $32,341,392 stake in Blackhawk Network Holdings Inc (HAWK)

Blackhawk Network Holdings Inc (HAWK) : Pivot Point Capital Partners scooped up 155,324 additional shares in Blackhawk Network Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 966,280 shares of Blackhawk Network Holdings Inc which is valued at $32,341,392.Blackhawk Network Holdings Inc makes up approximately 19.65% of Pivot Point Capital Partners’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. sold out all of its stake in HAWK during the most recent quarter. The investment firm sold 2,470 shares of HAWK which is valued $82,671.Timessquare Capital Management reduced its stake in HAWK by selling 25,015 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 1,495,550 shares of HAWK which is valued at $50,056,059. Blackhawk Network Holdings Inc makes up approx 0.32% of Timessquare Capital Management’s portfolio. Hussman Strategic Advisors sold out all of its stake in HAWK during the most recent quarter. The investment firm sold 82,145 shares of HAWK which is valued $2,788,823.Genesee Valley Trust Co boosted its stake in HAWK in the latest quarter, The investment management firm added 765 additional shares and now holds a total of 21,913 shares of Blackhawk Network Holdings Inc which is valued at $788,649. Blackhawk Network Holdings Inc makes up approx 0.51% of Genesee Valley Trust Co’s portfolio.

Blackhawk Network Holdings Inc opened for trading at $33.72 and hit $34.31 on the upside on Monday, eventually ending the session at $33.96, with a gain of 0.59% or 0.2 points. The heightened volatility saw the trading volume jump to 6,60,168 shares. Company has a market cap of $1,913 M.

On the company’s financial health, Blackhawk Network Holdings Inc reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.29. The company had revenue of $391.20 million for the quarter, compared to analysts expectations of $390.24 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on Blackhawk Network Holdings Inc. Blackhawk Network Holdings Inc was Upgraded by BofA/Merrill to ” Buy” on Jul 22, 2016.

Blackhawk Network Holdings Inc. (Blackhawk) is a prepaid payment network. The Company offers a range of prepaid gift telecom and debit cards in physical and electronic forms and related prepaid products and payment services in the United States and 21 other countries. It operates in two segments: US Retail and Incentives & Rewards and International Retail. US Retail and Incentives & Rewards segment consists of the various operating segments of its United States retail products online channel secondary card market and incentive and reward solutions and derives revenues from sales of prepaid products to consumers at its United States retail distribution partners online and through its card exchange and prepaid products to consumers through business clients. Its International Retail segment consists of the various operating segments of its geographic regions and derives revenues from sales of prepaid products to consumers at its international retail distribution partners.

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