EJF Capital LLC lowered its position in Meta Financial Group, Inc. (NASDAQ:CASH) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 403,787 shares of the company’s stock after selling 2,100 shares during the period. Meta Financial Group comprises approximately 2.0% of EJF Capital LLC’s investment portfolio, making the stock its 14th largest position. EJF Capital LLC’s holdings in Meta Financial Group were worth $24,474,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the company. Emerald Advisers Inc. PA purchased a new position in shares of Meta Financial Group during the third quarter valued at about $378,000. James Investment Research Inc. bought a new position in shares of Meta Financial Group during the third quarter worth $1,458,000. California Public Employees Retirement System raised its position in shares of Meta Financial Group by 2.0% in the third quarter. California Public Employees Retirement System now owns 75,310 shares of the company’s stock worth $4,564,000 after buying an additional 1,500 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Meta Financial Group by 1.7% in the third quarter. Nationwide Fund Advisors now owns 60,899 shares of the company’s stock worth $3,691,000 after buying an additional 995 shares during the last quarter. Finally, Algert Global LLC raised its position in shares of Meta Financial Group by 10.0% in the third quarter. Algert Global LLC now owns 10,266 shares of the company’s stock worth $622,000 after buying an additional 936 shares during the last quarter. 69.86% of the stock is owned by hedge funds and other institutional investors.
Meta Financial Group, Inc. (NASDAQ:CASH) opened at 87.80 on Friday. The firm has a market capitalization of $816.98 million, a price-to-earnings ratio of 24.91 and a beta of 0.98. Meta Financial Group, Inc. has a 52 week low of $39.03 and a 52 week high of $106.90. The company has a 50-day moving average of $100.21 and a 200-day moving average of $78.44.
Separately, FBR & Co reaffirmed a “buy” rating on shares of Meta Financial Group in a research note on Wednesday, February 1st.
In other news, Chairman J Tyler Haahr sold 5,000 shares of the firm’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $96.22, for a total transaction of $481,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Bradley C. Hanson sold 12,664 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $101.05, for a total transaction of $1,279,697.20. Following the transaction, the president now directly owns 141,058 shares of the company’s stock, valued at approximately $14,253,910.90. The disclosure for this sale can be found here. Insiders have sold 22,664 shares of company stock valued at $2,278,797 in the last ninety days. Insiders own 6.06% of the company’s stock.
About Meta Financial Group
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.
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