Allbirds, Inc. (NASDAQ:BIRD) Announces Special Dividend of $0.31

Allbirds, Inc. (NASDAQ:BIRD) declared a special dividend on Thursday, August 13th. Stockholders of record on Thursday, June 25th will be given a dividend of 0.31 per share on Thursday, August 20th. The ex-dividend date is Friday, August 21st.

Allbirds Stock Performance

Shares of NASDAQ:BIRD traded up $0.08 during mid-day trading on Thursday, reaching $2.64. 377,261 shares of the company traded hands, compared to its average volume of 3,099,842. The company’s 50 day moving average price is $3.45 and its 200-day moving average price is $3.96. The firm has a market cap of $23.26 million, a PE ratio of -0.29 and a beta of 2.58. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.59 and a quick ratio of 0.68. Allbirds has a 52 week low of $2.15 and a 52 week high of $24.31.

Allbirds (NASDAQ:BIRD) last released its earnings results on Monday, April 20th. The company reported ($2.37) earnings per share (EPS) for the quarter. Allbirds had a negative return on equity of 173.54% and a negative net margin of 53.36%.The firm had revenue of $22.32 million during the quarter.

Insider Buying and Selling

In other Allbirds news, CEO Nadia Catherine Carlsten sold 117,459 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $4.21, for a total value of $494,502.39. Following the completion of the transaction, the chief executive officer directly owned 1,414,920 shares in the company, valued at $5,956,813.20. This represents a 7.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 122,405 shares of company stock valued at $516,690. 30.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Allbirds

Hedge funds have recently modified their holdings of the stock. PDT Partners LLC boosted its position in shares of Allbirds by 30.0% during the second quarter. PDT Partners LLC now owns 15,344 shares of the company’s stock worth $163,000 after acquiring an additional 3,545 shares during the last quarter. Tenzing Global Management LLC bought a new stake in Allbirds in the 2nd quarter valued at $3,762,000. Vanguard Group Inc. increased its holdings in Allbirds by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 243,983 shares of the company’s stock valued at $1,383,000 after acquiring an additional 11,459 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in Allbirds in the 3rd quarter worth $59,000. Finally, Performa Ltd US LLC lifted its stake in Allbirds by 40.1% in the 4th quarter. Performa Ltd US LLC now owns 18,350 shares of the company’s stock worth $75,000 after purchasing an additional 5,250 shares in the last quarter. Hedge funds and other institutional investors own 44.07% of the company’s stock.

Allbirds Company Profile

Allbirds, Inc is a sustainable lifestyle company specializing in environmentally friendly footwear and apparel. The company’s core business centers on designing, manufacturing, and selling shoes that leverage natural and recycled materials to minimize ecological impact. Allbirds’ product portfolio includes lifestyle sneakers, running shoes, and casual slip-ons, all engineered for comfort, durability, and low carbon footprint.

The company’s signature offerings include the Wool Runner series, crafted from New Zealand merino wool, and the Tree line, which uses eucalyptus fiber.