Flinton Capital Management LLC boosted its position in Gap Inc (NYSE:GPS) by 182.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 225,148 shares of the apparel retailer’s stock after buying an additional 145,404 shares during the quarter. Flinton Capital Management LLC owned approximately 0.06% of GAP worth $7,025,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. Hermes Investment Management Ltd. raised its position in GAP by 7.3% in the 4th quarter. Hermes Investment Management Ltd. now owns 29,252 shares of the apparel retailer’s stock valued at $996,000 after buying an additional 2,000 shares during the last quarter. Amalgamated Bank raised its position in GAP by 9.8% in the 4th quarter. Amalgamated Bank now owns 29,655 shares of the apparel retailer’s stock valued at $1,010,000 after buying an additional 2,644 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in GAP by 9.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 32,336 shares of the apparel retailer’s stock valued at $1,101,000 after buying an additional 2,819 shares during the last quarter. San Francisco Sentry Investment Group CA raised its position in GAP by 543.3% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 3,493 shares of the apparel retailer’s stock valued at $119,000 after buying an additional 2,950 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC raised its position in GAP by 1.6% in the 4th quarter. Gyroscope Capital Management Group LLC now owns 200,465 shares of the apparel retailer’s stock valued at $6,828,000 after buying an additional 3,181 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.
Get GAP alerts:A number of brokerages recently issued reports on GPS. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $28.00 target price (up previously from $24.00) on shares of GAP in a research report on Wednesday, February 21st. BMO Capital Markets lifted their target price on GAP from $29.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, March 2nd. Credit Suisse Group lowered their price target on GAP from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday. ValuEngine raised GAP from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Deutsche Bank lowered their price target on GAP from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $32.88.
In related news, CEO Jeff Kirwan sold 101,820 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $33.73, for a total value of $3,434,388.60. Following the completion of the sale, the chief executive officer now directly owns 101,820 shares in the company, valued at approximately $3,434,388.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Sydney Fisher sold 500,000 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $32.10, for a total value of $16,050,000.00. Following the completion of the sale, the director now owns 11,530,396 shares of the company’s stock, valued at $370,125,711.60. The disclosure for this sale can be found here. Insiders sold a total of 1,770,425 shares of company stock valued at $57,824,673 over the last 90 days. 27.30% of the stock is currently owned by corporate insiders.
GAP opened at $28.15 on Friday, MarketBeat.com reports. The company has a current ratio of 1.86, a quick ratio of 1.04 and a debt-to-equity ratio of 0.40. The company has a market cap of $10.96 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.35 and a beta of 0.84. Gap Inc has a 1-year low of $21.02 and a 1-year high of $35.68.
GAP (NYSE:GPS) last posted its earnings results on Thursday, May 24th. The apparel retailer reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.60 billion. GAP had a return on equity of 28.41% and a net margin of 5.36%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. equities analysts forecast that Gap Inc will post 2.58 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Wednesday, July 11th will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Tuesday, July 10th. This represents a $0.97 annualized dividend and a yield of 3.45%. GAP’s dividend payout ratio (DPR) is presently 45.54%.
About GAP
The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, and Intermix brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.
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Hercules Capital, Inc., formerly known as Hercules Technology Growth Capital, Inc., is a business development company specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies. The firm provides growth capital financing solutions for capital extension; management buy-out and corporate spin-out financing solutions; company, asset specific, or intellectual property acquisition financing; convertible, subordinated and/or mezzanine loans; domestic and international corporate expansion; vendor financing; revenue acceleration by sales and marketing development, and manufacturing expansion. It provides asset-based financing with a focus on cash flow; accounts receivable facilities; equipment loans or leases; equipment acquisition; facilities build-out and/or expansion; working capital revolving lines of credit; inventory. The firm also provides bridge financing to IPO or mergers and acquisitions or technology acquisition; dividend recapitalizations and other sources of investor liquidity; cash flow financing to protect against share price volatility; competitor acquisition; pre-IPO financing for extra cash on the balance sheet; public company financing to continue asset growth and production capacity; short-term bridge financing; and strategic and intellectual property acquisition financings. It also focuses on customized financing solutions, seed, startups, early stage, emerging growth, mid venture, and late venture financing. The firm invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The firm generally seeks to invest in companies that have been operating for at least six to 12 months prior to the date of their investment. It prefers to invest in technology, energy technology, sustainable and renewable technology, and life sciences. Within technology the firm focuses on advanced specialty materials and chemicals; communication and networking, consumer and business products; consumer products and services, digital media and consumer internet; electronics and computer hardware; enterprise software and services; gaming; healthcare services; information services; business services; media, content and information; mobile; resource management; security software; semiconductors; semiconductors and hardware; and software sector. Within energy technology, it invests in agriculture; clean technology; energy and renewable technology, fuels and power technology; geothermal; smart grid and energy efficiency and monitoring technologies; solar; and wind. Within life sciences, the firm invests in biopharmaceuticals; biotechnology tools; diagnostics; drug discovery, development and delivery; medical devices and equipment; surgical devices; therapeutics; pharma services; and specialty pharmaceuticals. It also invests in educational services. The firm invests primarily in United States based companies and considers investment in the West Coast, Mid-Atlantic regions, Southeast and Midwest; particularly in the areas of software, biotech and information services. It invests generally between $1 million to $40 million in companies with revenues of $10 million to $200 million, generating EBITDA of $2 million to $15 million, focused primarily on business services, communications, electronics, hardware, and healthcare services. The firm invests primarily in private companies but also have investments in public companies. For equity investments, the firm seeks to represent a controlling interest in its portfolio companies which may exceed 25% of the voting securities of such companies. The firm seeks to invest a limited portion of its assets in equipment-based loans to early-stage prospective portfolio companies. These loans are generally for amounts up to $3 million but may be up to $15 million for certain energy technology venture investments. The firm allows certain debt investments have the right to convert a portion of the debt investment into equity. It also co-invests with other private equity firms. The firm seeks to exit its investments through initial public offering, a private sale of equity interest to a third party, a merger or an acquisition of the company or a purchase of the equity position by the company or one of its stockholders. The firm has structured debt with warrants which typically have maturities of between two and seven years with an average of three years; senior debt with an investment horizon of less than three years; equipment loans with an investment horizon ranging from three to four years; and equity related securities with an investment horizon ranging from three to seven years. Hercules Capital, Inc. was founded in December 2003 and is based in Palo Alto, California with additional offices in Hartford, Connecticut; Boston, Massachusetts; Elmhurst, Illinois; Santa Monica, California; McLean, Virginia; New York, New York; Radnor, Pennsylvania; and Washington, District of Columbia.
Solar Senior Capital Ltd. is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to seek to maximize current income consistent with the preservation of capital. The Company seeks to achieve its investment objective by directly and indirectly investing in senior loans, including first lien, unitranche, and second lien debt instruments, made to private middle-market companies whose debt is rated below investment grade, which it refers to collectively as senior loans. It may also invest in debt of public companies that are thinly traded or in equity securities. Under normal market conditions, at least 80% of the value of its net assets (including the amount of any borrowings for investment purposes) will be invested in senior loans. It invests in privately held the United States middle-market companies. Its investment activities are managed by Solar Capital Partners, LLC (Solar Capital Partners or the Investment Advisor).
Cowen started coverage on shares of Cypress Semiconductor (NASDAQ:CY) in a report issued on Tuesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $21.00 price target on the semiconductor company’s stock.
SG Americas Securities LLC cut its holdings in Momo (NASDAQ:MOMO) by 43.9% in the first quarter, Holdings Channel reports. The fund owned 31,859 shares of the information services provider’s stock after selling 24,964 shares during the quarter. SG Americas Securities LLC’s holdings in Momo were worth $1,191,000 as of its most recent SEC filing. 
Media stories about Oracle (NYSE:ORCL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oracle earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the enterprise software provider an impact score of 46.8152753525681 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.