GAMMA Investing LLC Acquires 145,669 Shares of The ODP Co. (NASDAQ:ODP)

GAMMA Investing LLC boosted its stake in shares of The ODP Co. (NASDAQ:ODP - Free Report) by 3,755.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 149,548 shares of the specialty retailer's stock after purchasing an additional 145,669 shares during the period. GAMMA Investing LLC owned 0.50% of ODP worth $2,143,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in shares of ODP by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock worth $98,000 after purchasing an additional 1,198 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of ODP during the 4th quarter worth about $143,000. KLP Kapitalforvaltning AS acquired a new position in shares of ODP during the 4th quarter worth about $150,000. Inceptionr LLC acquired a new position in shares of ODP during the 4th quarter worth about $223,000. Finally, ProShare Advisors LLC increased its stake in shares of ODP by 34.9% during the 4th quarter. ProShare Advisors LLC now owns 9,799 shares of the specialty retailer's stock worth $223,000 after purchasing an additional 2,536 shares during the last quarter. 99.56% of the stock is owned by institutional investors and hedge funds.

ODP Stock Performance

Shares of ODP stock traded down $0.82 during midday trading on Friday, hitting $17.29. 510,557 shares of the company were exchanged, compared to its average volume of 617,613. The firm has a market capitalization of $520.12 million, a P/E ratio of -19.00, a PEG ratio of 0.30 and a beta of 1.32. 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 firm's 50 day moving average price is $15.47 and its two-hundred day moving average price is $18.80. The ODP Co. has a 52 week low of $11.85 and a 52 week high of $43.31.

ODP (NASDAQ:ODP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 EPS for the quarter, topping the consensus estimate of $0.65 by $0.41. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. ODP had a negative net margin of 0.52% and a positive return on equity of 12.15%. ODP's revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 EPS. As a group, equities research analysts anticipate that The ODP Co. will post 3.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of ODP from a "hold" rating to a "buy" rating in a report on Saturday.

About ODP

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.