Stein Mart Inc. (NASDAQ:SMRT) shares were 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 changing hands. The stock had previously closed at $8.22.

A number of research analysts recently issued reports on SMRT shares. Zacks Investment Research lowered shares of Stein Mart from a “hold” rating to a “sell” rating in a report on Friday, April 15th. Northland Securities lowered shares of Stein Mart from a “buy” rating to a “neutral” rating in a report on Monday, May 9th. Finally, Northcoast Research lowered shares of 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 $8.16 and its 200-day moving average price is $7.33. The stock has a market capitalization of $407.55 million and a price-to-earnings ratio of 17.34.

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

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Tuesday, June 28th.

In other Stein Mart news, COO D Hunt Hawkins sold 10,000 shares of Stein Mart stock in a transaction dated 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 owns 250,848 shares of the company’s stock, valued at approximately $1,813,631.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A hedge fund recently raised its stake in Stein Mart stock. GSA Capital Partners LLP increased its position in shares of Stein Mart Inc. (NASDAQ:SMRT) by 67.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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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