Michael J. Mcconnell Sells 18,775 Shares of Spark Networks Inc. (LOV) Stock
Spark Networks Inc. (NYSEMKT:LOV) Director Michael J. Mcconnell sold 18,775 shares of Spark Networks stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $1.25, for a total value of $23,468.75. Following the sale, the director now directly owns 332,614 shares in the company, valued at $415,767.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Spark Networks Inc. (NYSEMKT:LOV) traded down 0.6929% on Friday, hitting $1.1322. 9,499 shares of the stock were exchanged. The company’s market capitalization is $29.37 million. Spark Networks Inc. has a 1-year low of $1.06 and a 1-year high of $4.14. The company has a 50-day moving average price of $1.44 and a 200 day moving average price of $1.64.
A number of equities research analysts have weighed in on the company. B. Riley downgraded Spark Networks to a “neutral” rating and set a $1.50 price objective on the stock. in a report on Wednesday. Zacks Investment Research raised Spark Networks from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th.
Several large investors have recently modified their holdings of LOV. Robotti Robert boosted its stake in shares of Spark Networks by 2.8% in the second quarter. Robotti Robert now owns 320,600 shares of the company’s stock worth $507,000 after buying an additional 8,750 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in Spark Networks during the first quarter valued at $651,000. Finally, Financial & Investment Management Group Ltd. boosted its position in Spark Networks by 33.1% in the second quarter. Financial & Investment Management Group Ltd. now owns 459,077 shares of the company’s stock valued at $725,000 after buying an additional 114,110 shares in the last quarter.
Spark Networks Company Profile
Spark Networks, Inc is engaged in creating brands and communities that help individuals form life-long relationships with others that share their interests and values. The Company operates through four segments, such as Jewish Networks, which consists of JDate, JDate.co.uk, JDate.fr, JDate.co.il, Cupid.co.il and JSwipe; Christian Networks, which consists of ChristianMingle, CrossPaths, ChristianMingle.co.uk, ChristianMingle.com.au, Believe.com, ChristianCards.net, DailyBibleVerse.com and Faith.com; Other Networks, which consists of Spark.com and related other general market Websites, as well as other properties, which primarily consists of sites focused towards various religious, ethnic, geographic and special interest groups, and Offline & Other Businesses segment, which consists of revenue generated from offline activities.
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