Ameriprise Financial Inc. raised its stake in The Finish Line Inc. (NASDAQ:FINL) by 13.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 826,029 shares of the company’s stock after buying an additional 95,109 shares during the period. Ameriprise Financial Inc. owned about 1.99% of The Finish Line worth $16,679,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. raised its position in shares of The Finish Line by 95.6% in the second quarter. Meeder Asset Management Inc. now owns 7,015 shares of the company’s stock valued at $142,000 after buying an additional 3,429 shares during the last quarter. Invictus RG acquired a new position in shares of The Finish Line during the first quarter valued at approximately $163,000. Societe Generale acquired a new position in shares of The Finish Line during the second quarter valued at approximately $184,000. Ngam Advisors L.P. acquired a new position in shares of The Finish Line during the first quarter valued at approximately $236,000. Finally, First Quadrant L P CA acquired a new position in shares of The Finish Line during the second quarter valued at approximately $244,000.

The Finish Line Inc. (NASDAQ:FINL) traded down 0.13% during midday trading on Thursday, hitting $23.84. The stock had a trading volume of 1,769,739 shares. The stock has a market cap of $988.07 million, a PE ratio of 60.05 and a beta of 0.90. The company’s 50 day moving average price is $23.24 and its 200-day moving average price is $20.48. The Finish Line Inc. has a 52-week low of $15.37 and a 52-week high of $25.29.

The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, June 24th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The firm earned $453.50 million during the quarter. The Finish Line had a return on equity of 9.21% and a net margin of 0.93%. The Finish Line’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS. Analysts forecast that The Finish Line Inc. will post $1.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, August 24th. The Finish Line’s dividend payout ratio (DPR) is 100.00%.

Several research analysts have recently commented on the company. Zacks Investment Research raised The Finish Line from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Brean Capital reaffirmed a “buy” rating and issued a $24.00 target price on shares of The Finish Line in a research note on Tuesday, September 13th. Robert W. Baird reaffirmed a “hold” rating and issued a $20.00 target price on shares of The Finish Line in a research note on Thursday, June 23rd. Jefferies Group reaffirmed a “buy” rating and issued a $25.00 target price (up previously from $24.00) on shares of The Finish Line in a research note on Monday, June 27th. Finally, BB&T Corp. reaffirmed a “buy” rating and issued a $24.00 target price on shares of The Finish Line in a research note on Tuesday, June 28th. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The Finish Line presently has an average rating of “Buy” and a consensus target price of $22.37.

In related news, Director Stephen Goldsmith sold 4,000 shares of the business’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $19.63, for a total transaction of $78,520.00. Following the completion of the transaction, the director now owns 33,045 shares in the company, valued at approximately $648,673.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Norman H. Gurwitz sold 2,500 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $22.10, for a total value of $55,250.00. Following the transaction, the director now owns 4,912 shares of the company’s stock, valued at approximately $108,555.20. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

About The Finish Line

Finish Line, Inc is a specialty retailer. The Company operates two retail divisions: the Finish Line and JackRabbit brands. Finish Line is a retailer of athletic shoes, apparel and accessories. The Company operates approximately 590 Finish Line stores, which average over 5,550 square feet, in approximately 40 United States’ states and Puerto Rico.

5 Day Chart for NASDAQ:FINL

Receive News & Ratings for The Finish Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line Inc. and related companies with MarketBeat.com's FREE daily email newsletter.