Asturias Capital adds Stamps.com (STMP) to its portfolio

Stamps.com (STMP) : Asturias Capital added new position in Stamps.com during the most recent quarter end. The investment management firm now holds 161,420 shares of Stamps.com which is valued at $16,771,538 , the company said in a statement filed on Nov 14, 2016 with the SEC.Stamps.com makes up approximately 5.21% of Asturias Capital’s portfolio.

Other Hedge Funds, Including , Prospect Capital Advisors added STMP to its portfolio by purchasing 56,000 company shares during the most recent quarter which is valued at $5,818,400. Stamps.com makes up approx 4.08% of Prospect Capital Advisors’s portfolio. Quadrature Capital Ltd added STMP to its portfolio by purchasing 7,119 company shares during the most recent quarter which is valued at $713,680. Stamps.com makes up approx 0.06% of Quadrature Capital Ltd’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in STMP in the latest quarter, The investment management firm added 15,114 additional shares and now holds a total of 394,334 shares of Stamps.com which is valued at $39,551,700. Stamps.com makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.First Washington Corp boosted its stake in STMP in the latest quarter, The investment management firm added 7,870 additional shares and now holds a total of 44,120 shares of Stamps.com which is valued at $4,189,194. Stamps.com makes up approx 2.49% of First Washington Corp’s portfolio. Capital One National Association sold out all of its stake in STMP during the most recent quarter. The investment firm sold 2,288 shares of STMP which is valued $223,194.

Stamps.com opened for trading at $109.7 and hit $112.15 on the upside on Monday, eventually ending the session at $112.1, with a gain of 2.70% or 2.95 points. The heightened volatility saw the trading volume jump to 4,12,662 shares. Company has a market cap of $1,912 M.

On the company’s financial health, Stamps.com reported $2.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.75 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $1.58. The company had revenue of $92.60 million for the quarter, compared to analysts expectations of $79.40 million. The company’s revenue was up 79.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 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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