GameStop (NYSE:GME) General Counsel Sells $89,507.34 in Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 3,957 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $22.62, for a total transaction of $89,507.34. Following the completion of the transaction, the general counsel owned 104,190 shares of the company’s stock, valued at $2,356,777.80. This represents a 3.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Haymond Robinson also recently made the following trade(s):

• On Wednesday, July 1st, Mark Haymond Robinson sold 7,083 shares of GameStop stock. The stock was sold at an average price of $22.38, for a total value of $158,517.54.
• On Monday, April 13th, Mark Haymond Robinson sold 3,912 shares of GameStop stock. The shares were sold at an average price of $23.19, for a total value of $90,719.28.

GameStop Stock Down 2.3%

GameStop stock opened at $21.69 on Thursday. The company has a market capitalization of $9.73 billion, a P/E ratio of 16.43 and a beta of 1.76. The company has a debt-to-equity ratio of 0.71, a quick ratio of 11.91 and a current ratio of 12.40. GameStop Corp. has a fifty-two week low of $19.93 and a fifty-two week high of $28.10. The stock has a 50-day simple moving average of $22.30 and a 200-day simple moving average of $22.84.

GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $835.30 million for the quarter, compared to the consensus estimate of $766.63 million. GameStop had a return on equity of 13.75% and a net margin of 20.45%.The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS.

Analyst Ratings Changes

Several analysts recently commented on GME shares. Weiss Ratings upgraded shares of GameStop from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Wall Street Zen upgraded shares of GameStop from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position in GameStop by 308.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock worth $26,000 after buying an additional 732 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of GameStop by 226.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock valued at $31,000 after acquiring an additional 886 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of GameStop during the third quarter worth about $39,000. Los Angeles Capital Management LLC purchased a new position in GameStop during the fourth quarter worth about $39,000. Finally, Rockefeller Capital Management L.P. raised its holdings in GameStop by 805.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the company’s stock worth $45,000 after purchasing an additional 2,014 shares in the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.