Stamps.com (STMP) : Hellman Jordan Management Co Inc added new position in Stamps.com during the most recent quarter end. The investment management firm now holds 40,000 shares of Stamps.com which is valued at $3,464,400 , the company said in a statement filed on Aug 8, 2016 with the SEC.Stamps.com makes up approximately 6.10% of Hellman Jordan Management Co Inc’s portfolio.
Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc added STMP to its portfolio by purchasing 25,174 company shares during the most recent quarter which is valued at $2,180,320. Stamps.com makes up approx 0.02% of Los Angeles Capital Management Equity Research Inc’s portfolio.California Public Employees Retirement System reduced its stake in STMP by selling 4,800 shares or 5.52% in the most recent quarter. The Hedge Fund company now holds 82,200 shares of STMP which is valued at $6,411,600. Stamps.com makes up approx 0.01% of California Public Employees Retirement System’s portfolio.American Century Companies Inc boosted its stake in STMP in the latest quarter, The investment management firm added 24,806 additional shares and now holds a total of 79,902 shares of Stamps.com which is valued at $6,355,405. Stamps.com makes up approx 0.01% of American Century Companies Inc’s portfolio.Ls Investment Advisors boosted its stake in STMP in the latest quarter, The investment management firm added 36 additional shares and now holds a total of 561 shares of Stamps.com which is valued at $43,421.
Stamps.com opened for trading at $87.12 and hit $87.51 on the upside on Monday, eventually ending the session at $87.07, with a gain of 0.23% or 0.2 points. The heightened volatility saw the trading volume jump to 3,05,534 shares. Company has a market cap of $1,504 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.