Virtu Financial LLC Makes New $324,000 Investment in Columbia Sportswear (NASDAQ:COLM)

Virtu Financial LLC purchased a new position in Columbia Sportswear (NASDAQ:COLM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,861 shares of the textile maker’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Signaturefd LLC raised its position in Columbia Sportswear by 18.4% in the 4th quarter. Signaturefd LLC now owns 915 shares of the textile maker’s stock worth $77,000 after buying an additional 142 shares during the last quarter. Cairn Investment Group Inc. grew its stake in shares of Columbia Sportswear by 0.3% in the fourth quarter. Cairn Investment Group Inc. now owns 44,685 shares of the textile maker’s stock worth $3,750,000 after acquiring an additional 145 shares during the period. Amalgamated Bank raised its holdings in shares of Columbia Sportswear by 1.0% during the fourth quarter. Amalgamated Bank now owns 15,337 shares of the textile maker’s stock valued at $1,287,000 after purchasing an additional 146 shares during the last quarter. GAMMA Investing LLC lifted its position in Columbia Sportswear by 43.2% during the fourth quarter. GAMMA Investing LLC now owns 600 shares of the textile maker’s stock valued at $50,000 after purchasing an additional 181 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Columbia Sportswear by 184.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 299 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 194 shares during the period. 47.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Columbia Sportswear from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. StockNews.com lowered Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th.

Columbia Sportswear Trading Up 0.5 %

Shares of COLM stock opened at $76.76 on Friday. Columbia Sportswear has a 12 month low of $73.04 and a 12 month high of $92.88. The stock has a market cap of $4.25 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.54 and a beta of 0.90. The company has a 50 day simple moving average of $83.88 and a two-hundred day simple moving average of $83.61.

Columbia Sportswear (NASDAQ:COLM) last posted its quarterly earnings data on Tuesday, February 4th. The textile maker reported $1.80 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.06). Columbia Sportswear had a return on equity of 12.23% and a net margin of 6.63%. As a group, equities analysts forecast that Columbia Sportswear will post 4.1 earnings per share for the current year.

Columbia Sportswear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.56%. Columbia Sportswear’s dividend payout ratio (DPR) is presently 31.01%.

Insider Buying and Selling

In other news, EVP Richelle T. Luther sold 4,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value of $369,440.00. Following the completion of the sale, the executive vice president now directly owns 14,283 shares of the company’s stock, valued at $1,319,177.88. This represents a 21.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald E. Nelson sold 6,395 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the sale, the director now owns 17,048 shares in the company, valued at $1,393,503.52. The trade was a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.70% of the stock is currently owned by insiders.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.