Emerald Mutual Fund Advisers Trust Sells 10301 Shares of Meta Financial Group, Inc. (NASDAQ:CASH)

November 19th, 20177:24 am @

0


Emerald Mutual Fund Advisers Trust decreased its stake in shares of Meta Financial Group, Inc. (NASDAQ:CASH) by 6.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 145,372 shares of the savings and loans company’s stock after selling 10,301 shares during the period. Emerald Mutual Fund Advisers Trust owned 1.55% of Meta Financial Group worth $11,397,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. 1st Global Advisors Inc. boosted its stake in Meta Financial Group by 1.3% during the 2nd quarter. 1st Global Advisors Inc. now owns 2,461 shares of the savings and loans company’s stock valued at $219,000 after purchasing an additional 32 shares during the period. Wells Fargo Company MN raised its holdings in shares of Meta Financial Group by 1.4% in the 1st quarter. Wells Fargo Company MN now owns 5,531 shares of the savings and loans company’s stock worth $490,000 after buying an additional 78 shares in the last quarter. Legal General Group Plc raised its holdings in shares of Meta Financial Group by 6.6% in the 2nd quarter. Legal General Group Plc now owns 2,100 shares of the savings and loans company’s stock worth $186,000 after buying an additional 130 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Meta Financial Group by 0.4% in the 1st quarter. AQR Capital Management LLC now owns 32,982 shares of the savings and loans company’s stock worth $2,919,000 after buying an additional 135 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Meta Financial Group by 2.1% in the 1st quarter. Teachers Advisors LLC now owns 14,134 shares of the savings and loans company’s stock worth $1,251,000 after buying an additional 297 shares in the last quarter. 73.28% of the stock is currently owned by institutional investors and hedge funds.

In other Meta Financial Group news, Director Frederick V. Moore sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $71.75, for a total transaction of $32,287.50. Following the transaction, the director now owns 100 shares of the company’s stock, valued at $7,175. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frederick V. Moore purchased 1,393 shares of the stock in a transaction on Wednesday, September 20th. The shares were acquired at an average cost of $71.70 per share, for a total transaction of $99,878.10. Following the transaction, the director now owns 100 shares of the company’s stock, valued at $7,170. The disclosure for this purchase can be found here. Insiders own 6.06% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of United States international copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2017/11/19/meta-financial-group-inc-cash-holdings-trimmed-by-emerald-mutual-fund-advisers-trust.html.

Shares of Meta Financial Group, Inc. (NASDAQ CASH) traded up $1.40 during trading on Friday, hitting $87.55. The stock had a trading volume of 36,446 shares, compared to its average volume of 79,724. The company has a market capitalization of $818.59, a price-to-earnings ratio of 12.14 and a beta of 0.89. Meta Financial Group, Inc. has a 12 month low of $60.70 and a 12 month high of $106.90. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.20.

CASH has been the subject of a number of recent analyst reports. FBR Co cut Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a report on Friday, July 28th. B. Riley raised Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Wednesday, November 1st. Zacks Investment Research raised Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $100.00 target price for the company in a research note on Wednesday, November 1st. ValuEngine lowered Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. Finally, BidaskClub lowered Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Meta Financial Group has a consensus rating of “Buy” and a consensus target price of $95.75.

Meta Financial Group Profile

Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.

Receive News Ratings for Meta Financial Group Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Financial Group Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Article source: https://ledgergazette.com/2017/11/19/meta-financial-group-inc-cash-holdings-trimmed-by-emerald-mutual-fund-advisers-trust.html