Correction imminent in Stein Mart Inc. (NASDAQ:SMRT)?

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Equity ownership in Stein Mart, Inc. (NASDAQ:SMRT) is spread out. As per the latest figures, insiders own 4.50% of the company. That compares with institutional ownership of 43.50%.

In terms of transactions along the lines of equity ownership, the company has seen 100.00% insider transactions and -11.09% institutional transactions in the recent months.

The Barchart Technical Opinion rating is a 88% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend.

Recently, Stein Mart, Inc. (NASDAQ:SMRT) announced that its Board of Directors has declared a quarterly dividend of $0.075 per common share, payable on April 14, 2017 to shareholders of record as of the close of business on March 31, 2017.

Stein Mart, Inc. has 44.60M shares outstanding of which 31.14M float. The short float is 15.22%, implying a short ratio of 5.29.

In terms of stock price performance, shares of Stein Mart, Inc. have moved 22.57% over the last one week and have moved -44.60% over the last one month. Stock performance for the last one quarter is -63.07% and for the last six months is -73.47%. Over the last 12 months shares of Stein Mart, Inc. have moved -79.63% and their movement so far this year is -74.73%.

Where does Stein Mart, Inc. stands in terms of liquidity and balance sheet strength? The company’s current ratio for the most recent quarter is 1.50 and quick ratio for the same period is 0.20. The company’s Long Term Debt/Equity and Total Debt/Equity ratios for the most recent quarter are 2.08 and 2.19, respectively.

Other performance indicators worth keeping in mind in this stock is that its P/Cash for the most recent quarter is 3.96.

The stock has dividend payout ratio of – and dividend yield of 21.66%.

Analysts who have weighed on the stock have an average price target of $2.00 on it and average recommendation of 3.00.

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