Los Angeles Capital Management LLC Has $875,000 Stock Holdings in Potbelly Co. (NASDAQ:PBPB)

Los Angeles Capital Management LLC cut its holdings in shares of Potbelly Co. (NASDAQ:PBPB - Free Report) by 30.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,875 shares of the company's stock after selling 39,730 shares during the quarter. Los Angeles Capital Management LLC owned 0.31% of Potbelly worth $875,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in shares of Potbelly during the 4th quarter valued at $520,000. Tectonic Advisors LLC boosted its position in Potbelly by 5.4% during the fourth quarter. Tectonic Advisors LLC now owns 100,547 shares of the company's stock valued at $947,000 after purchasing an additional 5,194 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Potbelly by 28.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,400 shares of the company's stock valued at $124,000 after purchasing an additional 3,000 shares in the last quarter. Hodges Capital Management Inc. grew its stake in Potbelly by 42.1% in the fourth quarter. Hodges Capital Management Inc. now owns 539,915 shares of the company's stock valued at $5,086,000 after purchasing an additional 159,900 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Potbelly in the 4th quarter worth about $121,000. Hedge funds and other institutional investors own 72.60% of the company's stock.

Insider Activity at Potbelly

In other Potbelly news, major shareholder David Nierenberg purchased 7,600 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were bought at an average price of $9.23 per share, for a total transaction of $70,148.00. Following the purchase, the insider now directly owns 101,998 shares in the company, valued at $941,441.54. This trade represents a 8.05 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 9.10% of the company's stock.

Potbelly Stock Down 9.0 %

Shares of Potbelly stock traded down $1.15 during trading on Monday, hitting $11.60. 431,146 shares of the stock traded hands, compared to its average volume of 228,774. The stock has a market cap of $347.27 million, a P/E ratio of 9.28 and a beta of 1.34. The company has a fifty day moving average price of $11.29 and a two-hundred day moving average price of $9.60. Potbelly Co. has a twelve month low of $6.28 and a twelve month high of $14.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.43 and a current ratio of 0.49.

Potbelly Company Profile

Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.