Hillsdale Investment Management Inc. Boosts Holdings in The ODP Co. (NASDAQ:ODP)

Hillsdale Investment Management Inc. lifted its stake in The ODP Co. (NASDAQ:ODP) by 8.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 50,334 shares of the specialty retailer’s stock after purchasing an additional 3,900 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in ODP were worth $2,670,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ODP. CX Institutional lifted its holdings in shares of ODP by 0.3% in the 4th quarter. CX Institutional now owns 69,795 shares of the specialty retailer’s stock worth $3,929,000 after acquiring an additional 204 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of ODP by 49.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,481,692 shares of the specialty retailer’s stock worth $83,419,000 after acquiring an additional 493,233 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of ODP by 169.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,269 shares of the specialty retailer’s stock worth $5,026,000 after acquiring an additional 56,080 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in ODP during the 4th quarter worth approximately $935,000. Finally, Cornercap Investment Counsel Inc. lifted its holdings in ODP by 97.1% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 22,231 shares of the specialty retailer’s stock worth $1,252,000 after buying an additional 10,953 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors and hedge funds.

ODP Stock Up 3.1 %

ODP stock traded up $1.28 during mid-day trading on Monday, reaching $42.11. 380,803 shares of the company’s stock were exchanged, compared to its average volume of 407,643. The company has a market cap of $1.51 billion, a P/E ratio of 20.34, a P/E/G ratio of 0.46 and a beta of 1.59. The ODP Co. has a twelve month low of $36.63 and a twelve month high of $58.98. The company has a quick ratio of 0.49, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average of $39.40 and a 200-day moving average of $47.20.

ODP (NASDAQ:ODP) last released its earnings results on Wednesday, May 8th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.59). The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.96 billion. ODP had a return on equity of 16.67% and a net margin of 1.08%. ODP’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.78 earnings per share. Sell-side analysts expect that The ODP Co. will post 6.4 EPS for the current year.

ODP 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.