GSA Capital Partners LLP lifted its holdings in Cato Corp (NYSE:CATO) by 9.1% in the 3rd quarter, Holdings Channel reports. The firm owned 65,827 shares of the specialty retailer’s stock after buying an additional 5,492 shares during the quarter. GSA Capital Partners LLP’s holdings in Cato were worth $1,384,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Cato by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,965,108 shares of the specialty retailer’s stock valued at $41,307,000 after purchasing an additional 10,963 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Cato by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 634,910 shares of the specialty retailer’s stock worth $13,346,000 after acquiring an additional 17,792 shares during the period. Acadian Asset Management LLC raised its holdings in Cato by 119.3% in the 3rd quarter. Acadian Asset Management LLC now owns 520,027 shares of the specialty retailer’s stock worth $10,931,000 after acquiring an additional 282,910 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Cato by 17.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 472,599 shares of the specialty retailer’s stock worth $11,636,000 after acquiring an additional 70,064 shares during the period. Finally, WINTON GROUP Ltd bought a new position in Cato in the 2nd quarter worth $9,310,000. 80.85% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine downgraded shares of Cato from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd.
Shares of CATO opened at $14.17 on Friday. The firm has a market capitalization of $369.34 million, a P/E ratio of 12.27 and a beta of 0.45. Cato Corp has a one year low of $10.76 and a one year high of $26.88.
Cato (NYSE:CATO) last announced its earnings results on Tuesday, November 20th. The specialty retailer reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. The firm had revenue of $190.01 million for the quarter. Cato had a net margin of 2.14% and a return on equity of 9.20%.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 10th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $1.32 annualized dividend and a yield of 9.32%.
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The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce Websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags.
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