2 weeks Ago By Defense World Staff
Rhumbline Advisers lessened its position in The Cato Co. ( NYSE:CATO – Free Report ) by 65.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The firm owned 10,162 shares of the specialty retailer’s stock after selling 18,908 shares during the quarter. Rhumbline Advisers’ holdings in Cato were worth $56,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds also recently made changes to their positions in the company.
Vanguard Group Inc. boosted its stake in Cato by 0.8% during the first quarter.
Vanguard Group Inc. now owns 931,094 shares of the specialty retailer’s stock worth $5,372,000 after acquiring an additional 7,072 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Cato by 8.
1% in the 1st quarter. Empowered Funds LLC now owns 39,666 shares of the specialty retailer’s stock worth $229,000 after buying an additional 2,975 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of Cato in the 1st quarter worth approximately $67,000.
BNP Paribas Financial Markets increased its position in Cato by 64.6% during the 1st quarter. BNP Paribas Financial Markets now owns 7,995 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 3,139 shares in the last quarter.
Finally, Assenagon Asset Management S.A. purchased a new position in Cato during the second quarter valued at $88,000.
61.10% of the stock is currently owned by institutional investors. Cato Trading Down 5.
5 % CATO stock opened at $4.99 on Tuesday. The Cato Co.
has a 12-month low of $4.27 and a 12-month high of $7.80.
The stock’s 50 day simple moving average is $4.84 and its 200 day simple moving average is $5.22.
The stock has a market capitalization of $102.57 million, a PE ratio of -5.94 and a beta of 1.
13. Cato Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.
17 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.
68 dividend on an annualized basis and a yield of 13.63%. Cato’s dividend payout ratio (DPR) is -80.
95%. Wall Street Analyst Weigh In Separately, StockNews.com cut Cato from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd.
Check Out Our Latest Research Report on Cato Cato Profile ( Free Report ) The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants.
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