Virtu Financial LLC Buys Shares of 3,861 Columbia Sportswear (NASDAQ:COLM)

Virtu Financial LLC purchased a new stake in shares of Columbia Sportswear (NASDAQ:COLM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,861 shares of the textile maker's stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also modified their holdings of COLM. Charles Schwab Investment Management Inc. increased its stake in Columbia Sportswear by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 564,422 shares of the textile maker's stock valued at $47,372,000 after buying an additional 13,800 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Columbia Sportswear during the fourth quarter valued at approximately $1,472,000. Truist Financial Corp raised its holdings in Columbia Sportswear by 143.6% during the fourth quarter. Truist Financial Corp now owns 11,907 shares of the textile maker's stock worth $999,000 after purchasing an additional 7,019 shares in the last quarter. Impact Partnership Wealth LLC acquired a new stake in Columbia Sportswear in the fourth quarter worth approximately $240,000. Finally, Assenagon Asset Management S.A. bought a new position in Columbia Sportswear during the 4th quarter valued at $6,356,000. 47.76% of the stock is currently owned by institutional investors.

Insider Activity at Columbia Sportswear

In other Columbia Sportswear news, EVP Richelle T. Luther sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $92.36, for a total value of $369,440.00. Following the transaction, the executive vice president now owns 14,283 shares in the company, valued at approximately $1,319,177.88. This represents a 21.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald E. Nelson sold 6,395 shares of Columbia Sportswear stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.74, for a total transaction of $522,727.30. Following the sale, the director now directly owns 17,048 shares of the company's stock, valued at $1,393,503.52. This trade represents a 27.28 % decrease in their position. The disclosure for this sale can be found here. 44.70% of the stock is owned by insiders.

Columbia Sportswear Stock Up 1.5 %

Shares of NASDAQ COLM traded up $1.14 during mid-day trading on Tuesday, hitting $76.83. 471,331 shares of the company traded hands, compared to its average volume of 517,479. The business has a 50 day moving average of $83.56 and a two-hundred day moving average of $83.56. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 2.54 and a beta of 0.90. Columbia Sportswear has a 1 year low of $73.04 and a 1 year high of $92.88.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The textile maker reported $1.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.86 by ($0.06). Columbia Sportswear had a net margin of 6.63% and a return on equity of 12.23%. As a group, research analysts anticipate that Columbia Sportswear will post 4.1 EPS for the current year.

Columbia Sportswear Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.56%. Columbia Sportswear's dividend payout ratio is 31.01%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COLM. StockNews.com lowered Columbia Sportswear from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Stifel Nicolaus lifted their price objective on shares of Columbia Sportswear from $92.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th.

About Columbia Sportswear

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.