Algert Global LLC Makes New $63,000 Investment in BARK, Inc. (NYSE:BARK)

Algert Global LLC acquired a new stake in BARK, Inc. (NYSE:BARK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,707 shares of the company’s stock, valued at approximately $63,000.

Several other large investors also recently modified their holdings of BARK. Vanguard Group Inc. grew its stake in BARK by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 6,207,032 shares of the company’s stock valued at $7,697,000 after buying an additional 298,343 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of BARK by 68.3% in the second quarter. Renaissance Technologies LLC now owns 729,917 shares of the company’s stock valued at $1,321,000 after purchasing an additional 296,199 shares during the last quarter. ARS Investment Partners LLC bought a new position in shares of BARK during the second quarter worth approximately $205,000. XTX Topco Ltd acquired a new stake in BARK during the 2nd quarter worth approximately $188,000. Finally, Bank of New York Mellon Corp boosted its stake in BARK by 10.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 407,102 shares of the company’s stock valued at $737,000 after purchasing an additional 37,980 shares during the period. 28.76% of the stock is owned by institutional investors.

BARK Stock Performance

Shares of NYSE BARK opened at $1.63 on Friday. BARK, Inc. has a one year low of $0.70 and a one year high of $1.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.77 and a quick ratio of 1.72. The firm has a market cap of $286.25 million, a price-to-earnings ratio of -7.41 and a beta of 1.71. The stock’s fifty day moving average price is $1.63 and its two-hundred day moving average price is $1.46.

BARK (NYSE:BARK) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). BARK had a negative net margin of 7.28% and a negative return on equity of 19.27%. The business had revenue of $116.21 million for the quarter, compared to the consensus estimate of $115.00 million. On average, equities analysts forecast that BARK, Inc. will post -0.1 EPS for the current year.

BARK Company Profile

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.