Conestoga Capital Advisors buys $36,269,048 stake in Stamps.com (STMP)

Stamps.com (STMP) : Conestoga Capital Advisors scooped up 11,390 additional shares in Stamps.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 379,304 shares of Stamps.com which is valued at $36,269,048.Stamps.com makes up approximately 2.49% of Conestoga Capital Advisors’s portfolio.

Other Hedge Funds, Including , Gradient Investments reduced its stake in STMP by selling 3,548 shares or 97.74% in the most recent quarter. The Hedge Fund company now holds 82 shares of STMP which is valued at $7,841.First Mercantile Trust Co boosted its stake in STMP in the latest quarter, The investment management firm added 1,102 additional shares and now holds a total of 4,802 shares of Stamps.com which is valued at $453,069. Stamps.com makes up approx 0.06% of First Mercantile Trust Co’s portfolio.Advisory Services Network reduced its stake in STMP by selling 2,990 shares or 52.09% in the most recent quarter. The Hedge Fund company now holds 2,750 shares of STMP which is valued at $259,463. Stamps.com makes up approx 0.05% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in STMP by selling 2,443 shares or 49.61% in the most recent quarter. The Hedge Fund company now holds 2,481 shares of STMP which is valued at $237,010. Telemus Capital sold out all of its stake in STMP during the most recent quarter. The investment firm sold 12,000 shares of STMP which is valued $1,146,360.

Stamps.com closed down -1.72 points or -1.80% at $93.9 with 2,74,036 shares getting traded on Tuesday. Post opening the session at $95.63, the shares hit an intraday low of $93.1 and an intraday high of $96.0269 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Stamps.com reported $1.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.61 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.33. The company had revenue of $84.01 million for the quarter, compared to analysts expectations of $73.47 million. The company’s revenue was up 73.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Stamps.com. Stamps.com was Resumed by ROTH Capital to “Buy” on Jul 28, 2016.

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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