Osmium Partners, Llc Acquires 318,041 Shares of Spark Networks Inc (LOV) Stock
Spark Networks Inc (NYSEMKT:LOV) Director Osmium Partners, Llc purchased 318,041 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average cost of $1.29 per share, for a total transaction of $410,272.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Osmium Partners, Llc also recently made the following trade(s):
- On Friday, August 25th, Osmium Partners, Llc purchased 30,000 shares of Spark Networks stock. The stock was purchased at an average cost of $1.27 per share, for a total transaction of $38,100.00.
Shares of Spark Networks Inc (NYSEMKT:LOV) opened at 1.35 on Friday. The company has a 50-day moving average of $0.97 and a 200-day moving average of $0.98. Spark Networks Inc has a 52 week low of $0.76 and a 52 week high of $2.08. The stock’s market capitalization is $43.44 million.
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LOV has been the topic of a number of recent analyst reports. B. Riley reaffirmed a “neutral” rating and issued a $1.30 target price on shares of Spark Networks in a research note on Thursday, May 4th. Zacks Investment Research downgraded shares of Spark Networks from a “buy” rating to a “hold” rating in a research note on Saturday, May 6th.
Hedge funds have recently modified their holdings of the company. Robotti Robert raised its stake in shares of 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. Royce & Associates LP raised its stake in shares of Spark Networks by 22.5% in the first quarter. Royce & Associates LP now owns 322,175 shares of the technology company’s stock worth $332,000 after buying an additional 59,175 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of 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, Financial & Investment Management Group Ltd. raised its stake in shares of 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.
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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