657,433 Shares in Select Interior Concepts, Inc. (NASDAQ:SIC) Purchased by Barings LLC

Barings LLC purchased a new position in Select Interior Concepts, Inc. (NASDAQ:SIC) in the second quarter, Holdings Channel reports. The fund purchased 657,433 shares of the company’s stock, valued at approximately $6,180,000.

Other large investors have also recently bought and sold shares of the company. Divisar Capital Management LLC lifted its stake in Select Interior Concepts by 0.9% during the first quarter. Divisar Capital Management LLC now owns 972,946 shares of the company’s stock worth $7,005,000 after purchasing an additional 8,968 shares during the last quarter. Punch & Associates Investment Management Inc. raised its stake in Select Interior Concepts by 10.2% during the first quarter. Punch & Associates Investment Management Inc. now owns 507,100 shares of the company’s stock worth $3,651,000 after acquiring an additional 47,100 shares during the period. BlackRock Inc. raised its stake in Select Interior Concepts by 1.6% during the first quarter. BlackRock Inc. now owns 376,794 shares of the company’s stock worth $2,714,000 after acquiring an additional 5,779 shares during the period. Renaissance Technologies LLC raised its stake in Select Interior Concepts by 46.0% during the first quarter. Renaissance Technologies LLC now owns 281,641 shares of the company’s stock worth $2,028,000 after acquiring an additional 88,800 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Select Interior Concepts by 14.2% during the first quarter. Dimensional Fund Advisors LP now owns 248,867 shares of the company’s stock worth $1,792,000 after acquiring an additional 30,927 shares during the period. Institutional investors and hedge funds own 62.10% of the company’s stock.

Shares of NASDAQ:SIC traded down $0.02 on Wednesday, hitting $14.40. The company’s stock had a trading volume of 600 shares, compared to its average volume of 212,801. Select Interior Concepts, Inc. has a 12 month low of $6.02 and a 12 month high of $14.47. The company has a market capitalization of $373.62 million, a price-to-earnings ratio of 7.35 and a beta of 2.57. The stock’s 50-day moving average is $12.92 and its two-hundred day moving average is $10.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.47 and a current ratio of 3.34.

Select Interior Concepts (NASDAQ:SIC) last issued its quarterly earnings results on Sunday, August 8th. The company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $2.00. Select Interior Concepts had a net margin of 10.74% and a negative return on equity of 1.16%. Equities analysts expect that Select Interior Concepts, Inc. will post 0.51 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the company. Truist cut Select Interior Concepts from a “buy” rating to a “hold” rating and raised their target price for the company from $13.00 to $14.50 in a research note on Tuesday, August 10th. TheStreet upgraded shares of Select Interior Concepts from a “d+” rating to a “c” rating in a research report on Monday, August 9th. Zacks Investment Research upgraded shares of Select Interior Concepts from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 9th. Finally, Truist Securities downgraded Select Interior Concepts from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $13.00 to $14.50 in a research report on Tuesday, August 10th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Select Interior Concepts currently has an average rating of “Hold” and an average price target of $13.75.

Select Interior Concepts Company Profile

Select Interior Concepts, Inc is a holding company, which engages in interior selections, merchandising, and complex supply chain management with a focus on the residential construction market. It operates through the Residential Design Services (RDS) and Architectural Surfaces Group (ASG) business segments.

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Institutional Ownership by Quarter for Select Interior Concepts (NASDAQ:SIC)

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