Findell Capital Management LLC Makes New Investment in The ODP Co. (NASDAQ:ODP)

Findell Capital Management LLC bought a new position in The ODP Co. (NASDAQ:ODP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 245,000 shares of the specialty retailer's stock, valued at approximately $5,571,000. ODP comprises about 2.3% of Findell Capital Management LLC's portfolio, making the stock its 13th biggest position. Findell Capital Management LLC owned approximately 0.81% of ODP at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of ODP by 380.1% in the fourth quarter. GAMMA Investing LLC now owns 3,879 shares of the specialty retailer's stock worth $88,000 after buying an additional 3,071 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of ODP by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the specialty retailer's stock worth $98,000 after buying an additional 1,198 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of ODP in the fourth quarter worth $150,000. Inceptionr LLC acquired a new stake in shares of ODP in the fourth quarter worth $223,000. Finally, Walleye Capital LLC acquired a new stake in shares of ODP in the fourth quarter worth $253,000. 99.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised ODP from a "hold" rating to a "buy" rating in a research note on Friday.

ODP Stock Performance

ODP traded up $1.76 on Friday, hitting $17.18. The company had a trading volume of 866,944 shares, compared to its average volume of 619,018. The company's fifty day moving average price is $14.22 and its 200 day moving average price is $20.59. The ODP Co. has a 1-year low of $11.85 and a 1-year high of $43.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The stock has a market cap of $516.81 million, a price-to-earnings ratio of -18.88, a price-to-earnings-growth ratio of 0.30 and a beta of 1.29.

ODP (NASDAQ:ODP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The specialty retailer reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.41. ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The company's quarterly revenue was down 9.2% compared to the same quarter last year. Equities analysts predict that The ODP Co. will post 3.26 earnings per share for the current fiscal year.

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.