Arnhold LLC Trims Holdings in BARK, Inc. (NYSE:BARK)

Arnhold LLC cut its stake in BARK, Inc. (NYSE:BARK) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 165,000 shares of the company’s stock after selling 31,000 shares during the quarter. Arnhold LLC owned about 0.09% of BARK worth $133,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in BARK by 39.9% during the 3rd quarter. SG Americas Securities LLC now owns 228,142 shares of the company’s stock valued at $274,000 after purchasing an additional 65,115 shares during the last quarter. Bank of New York Mellon Corp lifted its position in BARK by 9.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 361,342 shares of the company’s stock valued at $434,000 after acquiring an additional 31,120 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of BARK during the 3rd quarter valued at $46,000. Rathbones Group PLC lifted its holdings in shares of BARK by 60.0% during the 3rd quarter. Rathbones Group PLC now owns 80,000 shares of the company’s stock valued at $96,000 after buying an additional 30,000 shares during the period. Finally, Kent Lake Capital LLC bought a new position in shares of BARK during the 3rd quarter valued at $2,400,000. 28.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded BARK from a “hold” rating to a “buy” rating and raised their price objective for the company from $1.54 to $1.90 in a research report on Tuesday, March 5th.

BARK Stock Performance

BARK stock traded up $0.01 during trading on Tuesday, hitting $1.11. 236,859 shares of the company traded hands, compared to its average volume of 838,328. The company has a market cap of $196.67 million, a PE ratio of -4.11 and a beta of 1.54. BARK, Inc. has a 1 year low of $0.70 and a 1 year high of $1.64. The stock’s 50-day simple moving average is $1.22 and its 200 day simple moving average is $1.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.64 and a quick ratio of 1.56.

BARK (NYSE:BARK) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). BARK had a negative return on equity of 25.15% and a negative net margin of 9.36%. The company had revenue of $125.08 million for the quarter. On average, equities analysts expect that BARK, Inc. will post -0.19 earnings per share for the current fiscal year.

BARK Profile

BARK Inc, a dog-centric company, provides products, services, and content for dogs. It operates in two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It is also involved in the design of playstyle-specific toys, satisfying treats, personal meal plans with supplements, and dog-first experiences designed to foster health and happiness of dogs everywhere.