Higher One Holdings Inc (ONE) : Clark Estates Incny has sold out all of its stake in Higher One Holdings Inc during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 138,290 shares of Higher One Holdings Inc which is valued at $709,428.
Other Hedge Funds, Including , California State Teachers Retirement System added ONE to its portfolio by purchasing 64,463 company shares during the most recent quarter which is valued at $330,695. Longfellow Investment Management Co added ONE to its portfolio by purchasing 417,024 company shares during the most recent quarter which is valued at $2,139,333. Higher One Holdings Inc makes up approx 0.97% of Longfellow Investment Management Co’s portfolio. First New York Securities Ny added ONE to its portfolio by purchasing 463,593 company shares during the most recent quarter which is valued at $2,382,868. Higher One Holdings Inc makes up approx 2.40% of First New York Securities Ny’s portfolio. Bnp Paribas Arbitrage Sa added ONE to its portfolio by purchasing 1,216 company shares during the most recent quarter which is valued at $6,238.
Higher One Holdings Inc opened for trading at $5.14 and hit $5.16 on the upside on Thursday, eventually ending the session at $5.15, with a gain of 0.39% or 0.02 points. The heightened volatility saw the trading volume jump to 4,42,656 shares. Company has a market cap of $251 M.
On the company’s financial health, Higher One Holdings Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.10. The company had revenue of $55.60 million for the quarter, compared to analysts expectations of $54.30 million. The company’s revenue was down -9.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on Higher One Holdings Inc. Higher One Holdings Inc was Downgraded by SunTrust to ” Neutral” on Jun 30, 2016.
Higher One Holdings Inc. is a provider of technology-based refund disbursement payment processing and data analytics services to higher education institutions and students. The Company offers products and services to two markets such as higher education institutions and students. For higher education institutions the Company offers Refund Management Disbursement Service CASHNet Payment Processing suite Campus Labs and Campus Solutions Suite. The Refund Management Disbursement Service facilitates the distribution of financial aid and other refunds to students. It offers payment transaction services through its CASHNet Payment Processing payment products. The Campus Labs data analytics suite offers platforms for assessment in higher education. The Campus Solutions Suite includes Campus Solutions NetPay and Campus Solutions Tuition Payment Plans. For students it offers OneAccounts an optional Federal Deposit Insurance Corporation (FDIC) insured online checking accounts.