Findell Capital Management LLC Makes New Investment in The ODP Co. (NASDAQ:ODP)

Findell Capital Management LLC acquired a new stake in The ODP Co. (NASDAQ:ODP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 245,000 shares of the specialty retailer’s stock, valued at approximately $5,571,000. ODP makes up approximately 2.3% of Findell Capital Management LLC’s portfolio, making the stock its 13th largest holding. Findell Capital Management LLC owned 0.81% of ODP at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its position in ODP by 380.1% during the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer’s stock valued at $88,000 after purchasing an additional 3,071 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of ODP by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer’s stock valued at $98,000 after acquiring an additional 1,198 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of ODP during the fourth quarter worth about $150,000. Inceptionr LLC bought a new stake in shares of ODP in the 4th quarter valued at $223,000. Finally, Walleye Capital LLC acquired a new position in shares of ODP in the 4th quarter valued at about $253,000. 99.56% of the stock is owned by institutional investors.

ODP Stock Performance

Shares of ODP stock opened at $15.42 on Friday. The company has a market capitalization of $459.79 million, a P/E ratio of -16.95, a PEG ratio of 0.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.92. The stock has a 50 day moving average price of $14.17 and a two-hundred day moving average price of $20.83. The ODP Co. has a fifty-two week low of $11.85 and a fifty-two week high of $43.94.

ODP (NASDAQ:ODP) last announced its quarterly earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.41. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business posted $1.05 EPS. ODP’s revenue was down 9.2% compared to the same quarter last year. Analysts expect that The ODP Co. will post 3.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded ODP from a “hold” rating to a “buy” rating in a research note on Friday.

ODP Company Profile

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.