G2 Investment Partners Management Lowers stake in Stamps.com (STMP)

Stamps.com (STMP) : G2 Investment Partners Management reduced its stake in Stamps.com by 38.98% during the most recent quarter end. The investment management company now holds a total of 107,893 shares of Stamps.com which is valued at $9,372,665 after selling 68,930 shares in Stamps.com , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Stamps.com makes up approximately 4.62% of G2 Investment Partners Management’s portfolio.

Other Hedge Funds, Including , Pier Capital sold out all of its stake in STMP during the most recent quarter. The investment firm sold 40,663 shares of STMP which is valued $3,532,395.Riverhead Capital Management reduced its stake in STMP by selling 2,293 shares or 74.86% in the most recent quarter. The Hedge Fund company now holds 770 shares of STMP which is valued at $66,890. Peak6 Investments added STMP to its portfolio by purchasing 5,874 company shares during the most recent quarter which is valued at $510,274. Stamps.com makes up approx 0.03% of Peak6 Investments’s portfolio.Ubs Asset Management Americas Inc reduced its stake in STMP by selling 2,100 shares or 23.64% in the most recent quarter. The Hedge Fund company now holds 6,785 shares of STMP which is valued at $587,649. Stephens Inc Ar added STMP to its portfolio by purchasing 20 company shares during the most recent quarter which is valued at $1,641.

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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