Headlands Technologies LLC Acquires 2,609 Shares of Monro, Inc. (NASDAQ:MNRO)

Headlands Technologies LLC raised its holdings in shares of Monro, Inc. (NASDAQ:MNRO) by 1,590.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,773 shares of the auto parts company’s stock after acquiring an additional 2,609 shares during the quarter. Headlands Technologies LLC’s holdings in Monro were worth $81,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. raised its stake in Monro by 63.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,168,504 shares of the auto parts company’s stock worth $34,284,000 after acquiring an additional 453,980 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Monro by 48.5% in the 3rd quarter. Gamco Investors INC. ET AL now owns 384,185 shares of the auto parts company’s stock worth $10,669,000 after acquiring an additional 125,435 shares during the last quarter. Qube Research & Technologies Ltd grew its position in Monro by 65.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 251,630 shares of the auto parts company’s stock worth $6,988,000 after purchasing an additional 99,728 shares during the period. Tudor Investment Corp Et Al acquired a new stake in Monro during the 3rd quarter worth about $2,291,000. Finally, Cerity Partners LLC acquired a new stake in Monro during the 4th quarter worth about $2,420,000.

Insider Activity

In other Monro news, CEO Michael T. Broderick bought 5,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of $32.30 per share, for a total transaction of $161,500.00. Following the transaction, the chief executive officer now directly owns 90,487 shares of the company’s stock, valued at $2,922,730.10. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

Monro Price Performance

NASDAQ:MNRO opened at $27.25 on Wednesday. Monro, Inc. has a 52 week low of $22.72 and a 52 week high of $50.20. The company has a quick ratio of 0.23, a current ratio of 0.56 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $814.78 million, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.11 and a beta of 1.11. The stock’s 50-day moving average price is $30.64 and its 200-day moving average price is $29.78.

Monro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Thursday, March 7th. Monro’s dividend payout ratio (DPR) is presently 104.67%.

Monro Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.