Silver Point Capital L.P. bought a new position in shares of Retail Value Inc. (NYSE:RVI) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,179,800 shares of the company’s stock, valued at approximately $22,074,000. Retail Value makes up approximately 2.3% of Silver Point Capital L.P.’s portfolio, making the stock its 7th largest position. Silver Point Capital L.P. owned approximately 5.60% of Retail Value as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Retail Value by 5.3% during the first quarter. JPMorgan Chase & Co. now owns 134,671 shares of the company’s stock worth $2,519,000 after acquiring an additional 6,832 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Retail Value by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 281,781 shares of the company’s stock worth $4,190,000 after acquiring an additional 9,986 shares in the last quarter. Geode Capital Management LLC raised its holdings in Retail Value by 12.4% during the first quarter. Geode Capital Management LLC now owns 367,329 shares of the company’s stock worth $6,872,000 after acquiring an additional 40,538 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Retail Value during the first quarter worth about $203,000. Finally, Laurel Wealth Advisors Inc. raised its holdings in Retail Value by 30.7% during the fourth quarter. Laurel Wealth Advisors Inc. now owns 55,627 shares of the company’s stock worth $827,000 after acquiring an additional 13,056 shares in the last quarter. Hedge funds and other institutional investors own 64.97% of the company’s stock.
Shares of Retail Value stock traded down $0.20 on Thursday, hitting $24.43. The stock had a trading volume of 1,654 shares, compared to its average volume of 164,796. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average price of $20.52. Retail Value Inc. has a twelve month low of $11.15 and a twelve month high of $25.15.
RVI has been the topic of several analyst reports. Morgan Stanley upped their target price on Retail Value from $23.50 to $26.50 and gave the stock an “overweight” rating in a report on Wednesday. Zacks Investment Research raised Retail Value from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Friday, July 16th. Finally, TheStreet raised Retail Value from a “d” rating to a “c-” rating in a research report on Tuesday, May 25th.
Retail Value Company Profile
RVI is an independent publicly traded company trading under the ticker symbol ÂRVIÂ on the New York Stock Exchange. RVI holds assets in the continental U.S. and Puerto Rico and is managed by one or more subsidiaries of SITE Centers Corp. RVI focuses on realizing value in its business through operations and sales of its assets.
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