Granite Investment Partners LLC Increases Stake in Rightside Group Ltd. (NAME)
Granite Investment Partners LLC raised its stake in Rightside Group Ltd. (NASDAQ:NAME) by 40.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,760 shares of the company’s stock after buying an additional 66,058 shares during the period. Granite Investment Partners LLC owned about 1.19% of Rightside Group worth $2,091,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the company. State Street Corp acquired a new stake in Rightside Group during the second quarter valued at approximately $1,040,000. Teachers Advisors Inc. acquired a new stake in Rightside Group during the second quarter valued at approximately $199,000. Diversified Investment Strategies LLC raised its stake in Rightside Group by 5.6% in the second quarter. Diversified Investment Strategies LLC now owns 275,920 shares of the company’s stock valued at $2,936,000 after buying an additional 14,710 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Rightside Group by 103.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 144,477 shares of the company’s stock valued at $1,537,000 after buying an additional 73,597 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Rightside Group by 745.4% in the second quarter. BlackRock Fund Advisors now owns 304,994 shares of the company’s stock valued at $3,245,000 after buying an additional 268,917 shares in the last quarter. 65.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rightside Group Ltd. (NASDAQ:NAME) traded down 2.5570% during mid-day trading on Monday, hitting $8.3801. 11,653 shares of the stock were exchanged. The company’s market cap is $162.76 million. The stock’s 50-day moving average price is $8.34 and its 200-day moving average price is $9.56. Rightside Group Ltd. has a 52-week low of $7.16 and a 52-week high of $12.85.
NAME has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating and set a $15.00 price objective on shares of Rightside Group in a research report on Monday, November 14th. Zacks Investment Research raised shares of Rightside Group from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a report on Saturday, November 12th. Finally, Deutsche Bank AG upped their target price on shares of Rightside Group from $7.50 to $11.00 and gave the company a “hold” rating in a report on Wednesday, August 10th.
Rightside Group Company Profile
Rightside Group, Ltd. is a provider of domain name services that enable businesses and consumers to find, establish and maintain their digital address. The Company is a registrar, offering domain name registration and other related services to resellers and domain name registrants. It provides infrastructure services through its eNom brand.
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