GSA Capital Partners LLP Sells 487,118 Shares of BARK, Inc. (NYSE:BARK)

GSA Capital Partners LLP reduced its position in BARK, Inc. (NYSE:BARK) by 33.9% in the first quarter, Holdings Channel.com reports. The fund owned 951,042 shares of the company’s stock after selling 487,118 shares during the quarter. GSA Capital Partners LLP’s holdings in BARK were worth $1,179,000 at the end of the most recent reporting period.

Separately, SVB Wealth LLC boosted its position in shares of BARK by 100.0% in the fourth quarter. SVB Wealth LLC now owns 93,492 shares of the company’s stock valued at $75,000 after acquiring an additional 46,746 shares during the period. 28.76% of the stock is currently owned by hedge funds and other institutional investors.

BARK Price Performance

Shares of BARK stock traded down $0.02 during trading hours on Wednesday, reaching $1.64. The stock had a trading volume of 160,364 shares, compared to its average volume of 860,423. The stock’s fifty day simple moving average is $1.40 and its 200 day simple moving average is $1.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.94 and a quick ratio of 1.82. BARK, Inc. has a 12 month low of $0.70 and a 12 month high of $1.91.

BARK (NYSE:BARK) last released its quarterly earnings data on Monday, June 3rd. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). BARK had a negative net margin of 7.55% and a negative return on equity of 22.09%. The company had revenue of $121.48 million during the quarter, compared to analyst estimates of $124.00 million. As a group, analysts expect that BARK, Inc. will post -0.1 EPS for the current year.

Insider Activity

In related news, Chairman Matt Meeker bought 38,461 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were acquired at an average cost of $1.39 per share, with a total value of $53,460.79. Following the completion of the purchase, the chairman now directly owns 9,980,783 shares of the company’s stock, valued at approximately $13,873,288.37. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.40% of the stock is owned by company insiders.

About BARK

BARK Inc, a dog-centric company, provides products, services, and content for dogs. It operates in two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It is also involved in the design of playstyle-specific toys, satisfying treats, personal meal plans with supplements, and dog-first experiences designed to foster health and happiness of dogs everywhere.