Divisadero Street Capital Management LP Makes New Investment in The ODP Co. (NASDAQ:ODP)

Divisadero Street Capital Management LP acquired a new stake in The ODP Co. (NASDAQ:ODP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 68,328 shares of the specialty retailer’s stock, valued at approximately $1,554,000. Divisadero Street Capital Management LP owned approximately 0.23% of ODP as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new stake in ODP in the fourth quarter valued at $628,000. Centiva Capital LP boosted its stake in shares of ODP by 88.8% in the 4th quarter. Centiva Capital LP now owns 18,257 shares of the specialty retailer’s stock valued at $415,000 after purchasing an additional 8,586 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of ODP by 2.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 425,387 shares of the specialty retailer’s stock worth $9,673,000 after purchasing an additional 9,448 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of ODP in the 4th quarter worth about $3,716,000. Finally, Ancora Advisors LLC increased its position in shares of ODP by 33,432.5% during the 4th quarter. Ancora Advisors LLC now owns 134,130 shares of the specialty retailer’s stock worth $3,050,000 after purchasing an additional 133,730 shares in the last quarter. 99.56% of the stock is owned by institutional investors.

ODP Trading Down 2.2 %

ODP stock opened at $13.63 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.92 and a quick ratio of 0.47. The stock has a market capitalization of $406.42 million, a price-to-earnings ratio of -14.98, a P/E/G ratio of 0.30 and a beta of 1.29. The business has a fifty day moving average price of $14.19 and a 200 day moving average price of $20.98. The ODP Co. has a fifty-two week low of $11.85 and a fifty-two week high of $52.53.

ODP (NASDAQ:ODP) last issued its quarterly earnings data on Wednesday, February 26th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.14). ODP had a positive return on equity of 12.15% and a negative net margin of 0.52%. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. Analysts expect that The ODP Co. will post 3.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of ODP from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st.

ODP Profile

The ODP Corporation provides business services and supplies, products, and digital workplace technology solutions for small, medium, and enterprise businesses in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates through four divisions: ODP Business Solutions, Office Depot, Veyer, and Varis.