Dynamic Technology Lab Private Ltd Invests $1.21 Million in Monro, Inc. (NASDAQ:MNRO)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 48,682 shares of the auto parts company's stock, valued at approximately $1,207,000. Dynamic Technology Lab Private Ltd owned 0.16% of Monro as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. bought a new stake in Monro during the 4th quarter worth approximately $28,899,000. Wellington Management Group LLP increased its holdings in shares of Monro by 20.5% in the third quarter. Wellington Management Group LLP now owns 1,606,868 shares of the auto parts company's stock worth $46,374,000 after purchasing an additional 273,265 shares during the period. Trexquant Investment LP purchased a new stake in shares of Monro in the fourth quarter worth $3,561,000. Empowered Funds LLC bought a new stake in Monro during the fourth quarter valued at $3,327,000. Finally, Victory Capital Management Inc. grew its position in Monro by 1,288.0% during the fourth quarter. Victory Capital Management Inc. now owns 141,121 shares of the auto parts company's stock worth $3,500,000 after buying an additional 130,954 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MNRO. Wells Fargo & Company dropped their price target on Monro from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Monday, January 27th. Wedbush decreased their price target on shares of Monro from $27.00 to $19.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Finally, Stephens raised shares of Monro from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $21.00 to $18.00 in a report on Friday, April 4th.

Monro Trading Down 2.8 %

Shares of MNRO stock traded down $0.41 on Friday, hitting $14.55. 158,042 shares of the company's stock traded hands, compared to its average volume of 655,987. The stock has a market capitalization of $435.67 million, a price-to-earnings ratio of 22.71, a P/E/G ratio of 2.05 and a beta of 1.09. The company's fifty day simple moving average is $17.17 and its 200 day simple moving average is $22.96. Monro, Inc. has a one year low of $13.83 and a one year high of $31.49. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54.

Monro (NASDAQ:MNRO - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.12). Monro had a return on equity of 3.76% and a net margin of 1.64%. Equities analysts forecast that Monro, Inc. will post 0.63 EPS for the current year.

Monro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a dividend of $0.28 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a yield of 7.70%. Monro's dividend payout ratio is currently 175.00%.

About Monro

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.