Brandywine Global Investment Management LLC lessened its stake in America’s Car-Mart, Inc. (NASDAQ:CRMT – Get Rating) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,133 shares of the company’s stock after selling 145 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.13% of America’s Car-Mart worth $588,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cutler Group LLC CA bought a new position in America’s Car-Mart in the fourth quarter valued at about $28,000. Quantbot Technologies LP bought a new position in America’s Car-Mart in the first quarter valued at about $48,000. Captrust Financial Advisors grew its position in America’s Car-Mart by 31.6% in the first quarter. Captrust Financial Advisors now owns 695 shares of the company’s stock valued at $56,000 after acquiring an additional 167 shares during the last quarter. Point72 Hong Kong Ltd grew its position in America’s Car-Mart by 621.0% in the first quarter. Point72 Hong Kong Ltd now owns 757 shares of the company’s stock valued at $61,000 after acquiring an additional 652 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in America’s Car-Mart in the fourth quarter valued at about $72,000. Institutional investors and hedge funds own 81.16% of the company’s stock.
America’s Car-Mart Trading Down 4.9 %
NASDAQ:CRMT opened at $84.95 on Friday. The stock has a market cap of $541.13 million, a P/E ratio of 28.04 and a beta of 1.42. The stock’s 50-day moving average is $80.78 and its 200-day moving average is $78.82. America’s Car-Mart, Inc. has a 1-year low of $52.24 and a 1-year high of $127.05.
Analyst Ratings Changes
Separately, StockNews.com began coverage on America’s Car-Mart in a research report on Thursday, May 18th. They issued a “sell” rating on the stock.
Insider Buying and Selling
In related news, major shareholder Adam K. Peterson acquired 384 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average cost of $79.50 per share, with a total value of $30,528.00. Following the completion of the purchase, the insider now directly owns 725,884 shares in the company, valued at $57,707,778. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.80% of the stock is owned by insiders.
About America’s Car-Mart
America’s Car-Mart, Inc engages in the sale of older model used vehicles and the provision of financing for its customers in the United States. It operates dealerships in the South-Central United States. The company was founded by Bill Fleeman in 1981 and is headquartered in Rogers, AR.
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