Stein Mart Inc. (NASDAQ:SMRT)’s share price was down 1.8% on Thursday . The stock traded as low as $8.15 and last traded at $8.16, with a volume of 58,912 shares traded. The stock had previously closed at $8.31.

Several equities analysts have recently weighed in on SMRT shares. Zacks Investment Research upgraded shares of Stein Mart from a “sell” rating to a “hold” rating in a research note on Saturday, June 25th. Northland Securities lowered shares of Stein Mart from a “buy” rating to a “neutral” rating in a research report on Monday, May 9th. Finally, Northcoast Research lowered shares of Stein Mart from a “buy” rating to a “neutral” rating in a research report on Monday, May 9th.

The company’s 50-day moving average price is $7.44 and its 200-day moving average price is $7.09. The stock has a market capitalization of $376.48 million and a P/E ratio of 16.02.

Stein Mart (NASDAQ:SMRT) last posted its earnings results on Thursday, May 19th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $355.70 million for the quarter, compared to the consensus estimate of $364.77 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. Equities research analysts predict that Stein Mart Inc. will post $0.57 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.69%.

In other news, COO D Hunt Hawkins sold 10,000 shares of the stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $7.23, for a total transaction of $72,300.00. Following the completion of the transaction, the chief operating officer now directly owns 250,848 shares in the company, valued at approximately $1,813,631.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Other hedge funds and institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP increased its position in Stein Mart by 67.3% in the fourth quarter. GSA Capital Partners LLP now owns 151,509 shares of the company’s stock worth $1,020,000 after buying an additional 60,925 shares in the last quarter. LSV Asset Management increased its position in Stein Mart by 0.7% in the fourth quarter. LSV Asset Management now owns 494,500 shares of the company’s stock worth $3,327,000 after buying an additional 3,200 shares in the last quarter. Foresters Investment Management Company Inc. increased its stake in shares of Stein Mart by 0.5% in the fourth quarter. Foresters Investment Management Company Inc. now owns 954,600 shares of the company’s stock worth $6,424,000 after buying an additional 5,200 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in shares of Stein Mart by 28.8% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,624,900 shares of the company’s stock worth $10,935,000 after buying an additional 363,700 shares in the last quarter. Finally, Royce & Associates LLC increased its stake in shares of Stein Mart by 20.0% in the fourth quarter. Royce & Associates LLC now owns 5,689,124 shares of the company’s stock worth $38,288,000 after buying an additional 948,675 shares in the last quarter.

Stein Mart, Inc is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Company offers apparel for women and men, as well as accessories, shoes and home fashions. It is focused on 35-65 year old woman customers. As of January 31, 2015, it operated 270 stores in 30 states and an Internet store.

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