Stein Mart Inc. (NASDAQ:SMRT)’s share price traded up 4.7% during mid-day trading on Thursday . The company traded as high as $8.63 and last traded at $8.61, with a volume of 83,882 shares traded. The stock had previously closed at $8.22.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Stein Mart from a “sell” rating to a “hold” rating in a report on Friday, June 3rd. Northcoast Research cut Stein Mart from a “buy” rating to a “neutral” rating in a report on Monday, May 9th. Finally, Northland Securities cut Stein Mart from a “buy” rating to a “neutral” rating in a report on Monday, May 9th.

The firm’s 50 day moving average price is $8.10 and its 200-day moving average price is $7.31. The firm has a market cap of $401.06 million and a P/E ratio of 17.06.

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

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Tuesday, June 28th.

In other news, COO D Hunt Hawkins sold 10,000 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $7.23, for a total transaction of $72,300.00. Following the transaction, the chief operating officer now owns 250,848 shares in the company, valued at approximately $1,813,631.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

A hedge fund recently raised its stake in Stein Mart stock. GSA Capital Partners LLP increased its stake in Stein Mart Inc. (NASDAQ:SMRT) by 67.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 151,509 shares of the company’s stock after buying an additional 60,925 shares during the period. GSA Capital Partners LLP owned about 0.33% of Stein Mart worth $1,020,000 at the end of the most recent 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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