TheStreet, Inc. (TST) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its stake in TheStreet, Inc. (NASDAQ:TST) by 54.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 84,289 shares of the information services provider’s stock after purchasing an additional 29,704 shares during the quarter. Northern Trust Corp’s holdings in TheStreet were worth $171,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TST. Dimensional Fund Advisors LP grew its holdings in TheStreet by 645.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 195,042 shares of the information services provider’s stock valued at $429,000 after purchasing an additional 168,874 shares during the last quarter. Vanguard Group Inc. grew its holdings in TheStreet by 9.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,491,340 shares of the information services provider’s stock valued at $3,281,000 after purchasing an additional 123,066 shares during the last quarter. Vanguard Group Inc grew its holdings in TheStreet by 9.0% during the 3rd quarter. Vanguard Group Inc now owns 1,491,340 shares of the information services provider’s stock valued at $3,281,000 after purchasing an additional 123,066 shares during the last quarter. B. Riley Financial Inc. grew its holdings in TheStreet by 1,524.9% during the 4th quarter. B. Riley Financial Inc. now owns 3,815,261 shares of the information services provider’s stock valued at $7,745,000 after purchasing an additional 3,580,461 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in TheStreet by 6.2% during the 4th quarter. Acadian Asset Management LLC now owns 260,738 shares of the information services provider’s stock valued at $529,000 after purchasing an additional 15,244 shares during the last quarter.

Shares of TST stock opened at $6.70 on Friday. The stock has a market capitalization of $35.68 million, a price-to-earnings ratio of -11.17 and a beta of 0.05. TheStreet, Inc. has a one year low of $6.34 and a one year high of $25.00.

TheStreet (NASDAQ:TST) last issued its earnings results on Tuesday, March 12th. The information services provider reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.30. The business had revenue of $13.92 million for the quarter, compared to the consensus estimate of $13.60 million. TheStreet had a net margin of 32.98% and a negative return on equity of 3.32%. During the same period in the prior year, the firm earned $0.70 EPS. On average, sell-side analysts anticipate that TheStreet, Inc. will post -0.7 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 15th were paid a $17.70 dividend. The ex-dividend date was Tuesday, April 23rd.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of TheStreet from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, March 14th. Lake Street Capital set a $30.00 price target on shares of TheStreet and gave the company a “buy” rating in a report on Thursday, April 4th. ValuEngine upgraded shares of TheStreet from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Finally, B. Riley reiterated a “buy” rating on shares of TheStreet in a report on Wednesday, March 13th.

In related news, major shareholder Cannell Capital Llc bought 15,294 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were acquired at an average cost of $2.19 per share, for a total transaction of $33,493.86. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders acquired a total of 30,982 shares of company stock worth $139,236 over the last 90 days. Insiders own 30.00% of the company’s stock.

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TheStreet Company Profile

TheStreet, Inc, a financial news and information provider, provides business to business (B2B) and business to consumer (B2C) content and products worldwide. The company operates through three segments: TheDeal/BoardEx, RateWatch, and Business to Consumer. Its B2B products include The Deal, a digital subscription model that delivers coverage primarily to institutional investors on changes in corporate control comprising merges and acquisitions, private equity, corporate activism, and restructuring; and BoardEx, an institutional relationship capital management database and platform, which holds profiles of approximately 1 million business leaders.

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Want to see what other hedge funds are holding TST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TheStreet, Inc. (NASDAQ:TST).

Institutional Ownership by Quarter for TheStreet (NASDAQ:TST)

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