Harvest Capital Strategies buys $21,717,500 stake in Stamps.com (STMP)

Stamps.com (STMP) : Harvest Capital Strategies scooped up 90,000 additional shares in Stamps.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 250,000 shares of Stamps.com which is valued at $21,717,500.Stamps.com makes up approximately 3.58% of Harvest Capital Strategies’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp sold out all of its stake in STMP during the most recent quarter. The investment firm sold 82,956 shares of STMP which is valued $7,206,388.Dynamic Technology Lab Private Ltd reduced its stake in STMP by selling 4,052 shares or 47.25% in the most recent quarter. The Hedge Fund company now holds 4,524 shares of STMP which is valued at $393,000. Stamps.com makes up approx 0.10% of Dynamic Technology Lab Private Ltd’s portfolio.Teacher Retirement System Of Texas boosted its stake in STMP in the latest quarter, The investment management firm added 253 additional shares and now holds a total of 2,084 shares of Stamps.com which is valued at $169,367.Gamco Investors Et Al reduced its stake in STMP by selling 2,300 shares or 6.67% in the most recent quarter. The Hedge Fund company now holds 32,200 shares of STMP which is valued at $2,642,654. Stamps.com makes up approx 0.02% of Gamco Investors Et Al’s portfolio.Quadrant Capital Group reduced its stake in STMP by selling 64 shares or 87.67% in the most recent quarter. The Hedge Fund company now holds 9 shares of STMP which is valued at $682.

Stamps.com opened for trading at $96.43 and hit $99.14 on the upside on Thursday, eventually ending the session at $98.85, with a gain of 2.20% or 2.13 points. The heightened volatility saw the trading volume jump to 5,19,099 shares. Company has a market cap of $1,707 M.

On the company’s financial health, Stamps.com reported $1.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.61 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.33. The company had revenue of $84.01 million for the quarter, compared to analysts expectations of $73.47 million. The company’s revenue was up 73.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Stamps.com. Stamps.com was Resumed by ROTH Capital to “Buy” on Jul 28, 2016.

Stamps.com Inc. is a provider of Internet-based mailing and shipping solutions. Under the Stamps.com branded solutions the Company’s customers use its service to mail and ship a range of mail pieces including postcards envelopes flats and packages using a range of United States Postal Service (USPS) mail classes including First Class Mail Priority Mail Priority Mail Express Media Mail and Parcel Select and among others. Its customers include individuals small businesses home offices medium-size businesses and large enterprises and within these segments the Company targets both mailers and shippers. In addition the Company offers multi-carrier shipping solutions under the brand names ShipStation and ShipWorks. The Company’s products and services include Mailing and Shipping Business and PhotoStamps.

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