Institutional Investors Are Buying Stein Mart Inc (NASDAQ:SMRT)

Stein Mart, Inc. (NASDAQ:SMRT) Logo

Sentiment for Stein Mart Inc (NASDAQ:SMRT)

Stein Mart Inc (NASDAQ:SMRT) institutional sentiment increased to 1.63 in Q2 2018. Its up 1.18, from 0.45 in 2018Q1. The ratio improved, as 26 active investment managers started new or increased equity positions, while 16 sold and trimmed stock positions in Stein Mart Inc. The active investment managers in our partner’s database now own: 6.07 million shares, up from 5.02 million shares in 2018Q1. Also, the number of active investment managers holding Stein Mart Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 7 Increased: 13 New Position: 13.

Stein Mart, Inc. operates as a retailer that provides fashion merchandise products and related services in the United States. The company has market cap of $60.35 million. It offers fashion apparel for women and men, as well as accessories, shoes, and home fashions. It currently has negative earnings. The companyÂ’s stores also provide merchandise locator services; a preferred customer program; co-branded and private label credit card programs; and electronic gift cards.

The stock decreased 7.35% or $0.1 during the last trading session, reaching $1.26. About 364,850 shares traded or 60.66% up from the average. Stein Mart, Inc. (NASDAQ:SMRT) has risen 65.60% since December 7, 2017 and is uptrending. It has outperformed by 49.98% the S&P500.

Sunbelt Securities Inc. holds 0.5% of its portfolio in Stein Mart, Inc. for 341,198 shares. Oberweis Asset Management Inc owns 500,000 shares or 0.31% of their US portfolio. Moreover, Callahan Advisors Llc has 0.15% invested in the company for 301,000 shares. The Texas-based Fruth Investment Management has invested 0.01% in the stock. Hyman Charles D, a Florida-based fund reported 38,500 shares.

Since January 1, 0001, it had 0 buys, and 11 sales for $67,995 activity.

More notable recent Stein Mart, Inc. (NASDAQ:SMRT) news were published by: Benzinga.com which released: “40 Biggest Movers From Yesterday – Benzinga” on November 29, 2018, also Seekingalpha.com with their article: “Green Shoots At Avon – Seeking Alpha” published on August 16, 2018, Bizjournals.com published: “Stein Mart stock soars ahead of Q2 earnings – Jacksonville Business Journal” on August 21, 2018. More interesting news about Stein Mart, Inc. (NASDAQ:SMRT) were released by: Nasdaq.com and their article: “Consumer Sector Update for 11/28/2018: BURL,W,GPIC,SMRT – Nasdaq” published on November 28, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Afternoon Market Update: Dow Rises Over 500 Points; Tiffany Shares Plunge – Nasdaq” with publication date: November 28, 2018.

Stein Mart, Inc. (NASDAQ:SMRT) Institutional Positions Chart

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