West Marine (WMAR) : Signia Capital Management reduced its stake in West Marine by 1.01% during the most recent quarter end. The investment management company now holds a total of 178,424 shares of West Marine which is valued at $1,682,538 after selling 1,815 shares in West Marine , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.West Marine makes up approximately 4.95% of Signia Capital Management’s portfolio.
Other Hedge Funds, Including , Brighton Jones boosted its stake in WMAR in the latest quarter, The investment management firm added 5,107 additional shares and now holds a total of 21,953 shares of West Marine which is valued at $207,017. West Marine makes up approx 0.04% of Brighton Jones’s portfolio.California State Teachers Retirement System boosted its stake in WMAR in the latest quarter, The investment management firm added 524 additional shares and now holds a total of 38,647 shares of West Marine which is valued at $364,441.Foundry Partners reduced its stake in WMAR by selling 129,465 shares or 39.85% in the most recent quarter. The Hedge Fund company now holds 195,425 shares of WMAR which is valued at $1,684,564. West Marine makes up approx 0.16% of Foundry Partners’s portfolio. Bnp Paribas Arbitrage Sa added WMAR to its portfolio by purchasing 727 company shares during the most recent quarter which is valued at $6,121.
West Marine opened for trading at $9.42 and hit $9.55 on the upside on Monday, eventually ending the session at $9.52, with a gain of 1.06% or 0.1 points. The heightened volatility saw the trading volume jump to 30,104 shares. Company has a market cap of $237 M.
On the company’s financial health, West Marine reported $0.86 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.91. The company had revenue of $251.60 million for the quarter, compared to analysts expectations of $252.84 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.
West Marine Inc. is a retailer of boating supplies gear apparel footwear and other waterlife-related products. The Company operates around 279 stores located in 38 states Puerto Rico and Canada and two e-commerce Websites reaching retail and professional services customers. The Company’s products are classified as core boating products and merchandise expansion products. The Company’s core boating products consist of maintenance electronics sailboat hardware; anchors docking and moorings; engine systems; safety; electrical; plumbing; boats and outboards; ventilation; deck hardware and fasteners; navigation; trailering; seating and boat covers and barbecues and appliances. Its merchandise expansion products include apparel footwear clothing accessories fishing watersports paddle sports coolers bikes and cabin and galley. The Company offers private label products under the West Marine Black Tip Third Reef Pure Oceans Lifesling and Seafit brand names.