Shares of Majesco Entertainment Co. (NASDAQ:COOL) are up big in morning trading after the company announced that they have declared a special dividend in the amount of $0.33 per share, which incredible is 32.4 percent annual yield.
Those individuals owning the stock and on record as of January 14, 2016 will be paid the dividend on January 15, 2016. This large dividend is attracting a ton of investors this morning.
The stock is up 56.86% or $0.58 following the news, hitting $1.6 per share. About 800 shares traded hands. COOL has declined 25.00% since June 2, 2015 and is downtrending. It has underperformed the S&P500 by 20.31%.
The institutional sentiment decreased to 1.2 in Q2 2015. It’s down 1.47, from 2.67 in 2015Q2. The ratio turned negative, as 3 funds sold all their Majesco Entertainment Co. shares they owned while 2 reduced their positions. 4 funds bought stakes while 2 increased their total positions. Institutions now own 703,372 shares which is 12.65% more than the previous share count of 624,364 in 2015Q2.
Dsc Advisors L.P. holds 0.17% of its total portfolio in Majesco Entertainment Co., equating to 286,952 shares. California Public Employees Retirement System owns 10,342 shares representing 0% of their total US portfolio. Moreover, Citadel Advisors Llc has 0% of their total portfolio invested in the company, equating to 32,191 shares. The Massachusetts-based Colony Group Llc has a total of 0% of their portfolio invested in the stock. Concert Wealth Management Inc., a California-based fund reported 10,000 shares owned.
Majesco Entertainment Company is a provider of video game products for the casual game consumer. The company has a market cap of $17.77 million. The Firm also develops, publishes and distributes video game products for interactive entertainment hardware platforms, including Nintendo’s DS, DSi, 3DS, Wii and WiiU, Sony’s PlayStation 3 and PlayStation 4 (PS4), Microsoft’s Xbox 360 and Xbox One, and the personal computer (PC). It currently has negative earnings. The Firm also publishes games for digital platforms, such as Xbox Live Arcade and PlayStation Network (PSN); mobile platforms, such as the iOS and Android phones, and online platforms, such as Facebook and Steam.