BARK, Inc. (NYSE:BARK) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its position in BARK, Inc. (NYSE:BARK) by 12.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,335 shares of the company’s stock after purchasing an additional 16,185 shares during the quarter. Rhumbline Advisers owned 0.08% of BARK worth $268,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of 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. ARS Investment Partners LLC acquired a new stake in BARK in the 2nd quarter valued at about $205,000. Bank of New York Mellon Corp increased its stake in shares of BARK by 10.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 407,102 shares of the company’s stock worth $737,000 after purchasing an additional 37,980 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of BARK by 22.7% during the first quarter. Gabelli Funds LLC now owns 54,000 shares of the company’s stock valued at $67,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of BARK by 27.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,225 shares of the company’s stock valued at $49,000 after buying an additional 8,436 shares during the last quarter. Institutional investors and hedge funds own 28.76% of the company’s stock.

BARK Trading Up 0.6 %

Shares of BARK opened at $1.63 on Friday. The company has a current ratio of 2.77, a quick ratio of 1.72 and a debt-to-equity ratio of 0.31. BARK, Inc. has a twelve month low of $0.70 and a twelve month high of $1.91. The firm has a market capitalization of $282.89 million, a P/E ratio of -7.41 and a beta of 1.71. The stock’s fifty day simple moving average is $1.61 and its 200 day simple moving average is $1.44.

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

BARK declared that its Board of Directors has initiated a share buyback plan on Monday, June 3rd that authorizes the company to repurchase $15.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 5.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.