GAMMA Investing LLC Increases Position in Shoe Carnival, Inc. (NASDAQ:SCVL)

GAMMA Investing LLC grew its position in shares of Shoe Carnival, Inc. (NASDAQ:SCVL - Free Report) by 10,983.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,195 shares of the company's stock after acquiring an additional 54,697 shares during the period. GAMMA Investing LLC owned about 0.20% of Shoe Carnival worth $1,214,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in Shoe Carnival during the 1st quarter valued at approximately $33,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Shoe Carnival during the fourth quarter valued at approximately $2,513,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Shoe Carnival by 19.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,740 shares of the company's stock worth $1,976,000 after acquiring an additional 9,671 shares during the period. Voloridge Investment Management LLC bought a new stake in Shoe Carnival in the fourth quarter valued at $1,231,000. Finally, Wolverine Trading LLC bought a new stake in Shoe Carnival in the fourth quarter valued at $372,000. 66.05% of the stock is owned by institutional investors.

Shoe Carnival Trading Up 4.9%

NASDAQ SCVL traded up $0.94 during trading on Monday, hitting $19.99. The company had a trading volume of 487,369 shares, compared to its average volume of 414,089. The company's fifty day moving average is $18.78 and its 200-day moving average is $24.45. Shoe Carnival, Inc. has a one year low of $16.14 and a one year high of $46.92. The company has a market cap of $546.45 million, a price-to-earnings ratio of 7.35 and a beta of 1.41.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last released its quarterly earnings results on Friday, May 30th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. Shoe Carnival had a net margin of 6.12% and a return on equity of 12.52%. The company had revenue of $277.72 million during the quarter, compared to the consensus estimate of $285.16 million. During the same period in the prior year, the firm earned $0.64 earnings per share. Shoe Carnival's revenue was down 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Shoe Carnival, Inc. will post 2.6 EPS for the current year.

Shoe Carnival Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.