Spark Networks Inc (LOV) Director Bradley Goldberg Acquires 55,000 Shares of Stock
Spark Networks Inc (NYSEMKT:LOV) Director Bradley Goldberg bought 55,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were acquired at an average price of $1.18 per share, for a total transaction of $64,900.00. Following the completion of the acquisition, the director now owns 107,350 shares in the company, valued at $126,673. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Spark Networks Inc (NYSEMKT:LOV) remained flat at $1.35 during mid-day trading on Friday. 188,383 shares of the stock traded hands. Spark Networks Inc has a 12 month low of $0.76 and a 12 month high of $2.08. The stock’s 50-day moving average price is $0.95 and its 200 day moving average price is $0.98. The firm’s market capitalization is $43.44 million.
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Hedge funds have recently bought and sold shares of the company. Financial & Investment Management Group Ltd. increased its stake in Spark Networks by 68.0% in the second quarter. Financial & Investment Management Group Ltd. now owns 932,413 shares of the technology company’s stock worth $895,000 after buying an additional 377,401 shares in the last quarter. Royce & Associates LP increased its stake in Spark Networks by 12.7% in the second quarter. Royce & Associates LP now owns 363,000 shares of the technology company’s stock worth $348,000 after buying an additional 40,825 shares in the last quarter. Renaissance Technologies LLC increased its stake in Spark Networks by 9.3% in the first quarter. Renaissance Technologies LLC now owns 328,200 shares of the technology company’s stock worth $338,000 after buying an additional 27,900 shares in the last quarter. Finally, Robotti Robert increased its stake in Spark Networks by 5.7% in the first quarter. Robotti Robert now owns 314,125 shares of the technology company’s stock worth $324,000 after buying an additional 16,800 shares in the last quarter.
LOV has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Spark Networks from a “buy” rating to a “hold” rating in a report on Saturday, May 6th. B. Riley restated a “neutral” rating and issued a $1.30 price target on shares of Spark Networks in a report on Tuesday, May 9th.
About Spark Networks
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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