Eagle Global Advisors LLC Continues to Hold Position in West Marine, Inc. (WMAR)

Eagle Global Advisors LLC held its stake in shares of West Marine, Inc. (NASDAQ:WMAR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,249 shares of the specialty retailer’s stock at the end of the second quarter. Eagle Global Advisors LLC owned about 0.25% of West Marine worth $800,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. American International Group Inc. increased its position in shares of West Marine by 7.1% in the first quarter. American International Group Inc. now owns 11,350 shares of the specialty retailer’s stock valued at $108,000 after buying an additional 753 shares during the period. Hancock Holding Co. bought a new stake in shares of West Marine during the first quarter valued at about $186,000. Russell Investments Group Ltd. boosted its stake in shares of West Marine by 155.8% in the second quarter. Russell Investments Group Ltd. now owns 22,806 shares of the specialty retailer’s stock valued at $293,000 after buying an additional 13,892 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of West Marine by 8.1% in the fourth quarter. Teachers Advisors LLC now owns 34,502 shares of the specialty retailer’s stock valued at $361,000 after buying an additional 2,583 shares in the last quarter. Finally, First Quadrant L P CA boosted its stake in shares of West Marine by 219.4% in the first quarter. First Quadrant L P CA now owns 46,546 shares of the specialty retailer’s stock valued at $444,000 after buying an additional 31,974 shares in the last quarter. 61.87% of the stock is currently owned by institutional investors.

West Marine, Inc. (WMAR) traded up 0.08% during midday trading on Friday, reaching $12.90. 139,987 shares of the company traded hands. The firm’s 50 day moving average price is $12.41 and its 200 day moving average price is $10.38. West Marine, Inc. has a 12 month low of $7.77 and a 12 month high of $13.01. The firm has a market capitalization of $326.10 million, a price-to-earnings ratio of 40.82 and a beta of 1.31.

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WMAR has been the subject of several research reports. Forward View raised shares of West Marine from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research cut shares of West Marine from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. TheStreet raised shares of West Marine from a “c+” rating to a “b” rating in a research report on Thursday, April 27th. BidaskClub upgraded shares of West Marine from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, B. Riley lowered shares of West Marine to a “neutral” rating and set a $12.97 price objective on the stock. in a report on Sunday, July 16th. Five analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $9.99.

About West Marine

West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.

Institutional Ownership by Quarter for West Marine (NASDAQ:WMAR)

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