Insider Buying: Spark Networks Inc (LOV) Director Buys $38,100.00 in Stock
Spark Networks Inc (NYSEMKT:LOV) Director Osmium Partners, Llc purchased 30,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were bought at an average price of $1.27 per share, for a total transaction of $38,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Osmium Partners, Llc also recently made the following trade(s):
- On Wednesday, August 23rd, Osmium Partners, Llc purchased 318,041 shares of Spark Networks stock. The shares were bought at an average price of $1.29 per share, for a total transaction of $410,272.89.
Spark Networks Inc (LOV) opened at 1.35 on Monday. The company’s market capitalization is $43.44 million. Spark Networks Inc has a one year low of $0.76 and a one year high of $2.08. The company has a 50-day moving average price of $0.97 and a 200-day moving average price of $0.98.
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A number of brokerages recently issued reports on LOV. B. Riley reissued a “buy” rating and issued a $1.30 price objective on shares of Spark Networks in a report on Monday, August 14th. Zacks Investment Research lowered Spark Networks from a “buy” rating to a “hold” rating in a report on Saturday, May 6th.
A number of institutional investors have recently modified their holdings of LOV. Royce & Associates LP increased its position 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 valued at $332,000 after buying an additional 59,175 shares during the last quarter. Robotti Robert increased its position 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 valued at $324,000 after buying an additional 16,800 shares during the last quarter. Renaissance Technologies LLC increased its position 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 valued at $338,000 after buying an additional 27,900 shares during the last quarter. Finally, Financial & Investment Management Group Ltd. increased its position 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 valued at $895,000 after buying an additional 377,401 shares during the last quarter.
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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