Vivaldi Asset Management LLC acquired a new stake in shares of Straight Path Communications Inc (NASDAQ:STRP) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 77,994 shares of the company’s stock, valued at approximately $14,012,000. Straight Path Communications comprises approximately 1.6% of Vivaldi Asset Management LLC’s investment portfolio, making the stock its 13th biggest position. Vivaldi Asset Management LLC owned approximately 0.61% of Straight Path Communications as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Candriam Luxembourg S.C.A. bought a new position in shares of Straight Path Communications during the 2nd quarter valued at about $3,341,000. Kassirer Asset Management Corp bought a new position in shares of Straight Path Communications during the 2nd quarter valued at about $808,000. Airain ltd bought a new position in shares of Straight Path Communications during the 2nd quarter valued at about $5,330,000. Marshall Wace LLP bought a new position in shares of Straight Path Communications during the 2nd quarter valued at about $744,000. Finally, S. Muoio & CO. LLC bought a new position in shares of Straight Path Communications during the 2nd quarter valued at about $898,000.

Shares of Straight Path Communications Inc (STRP) traded up 0.32% during trading on Monday, hitting $179.09. The stock had a trading volume of 141,665 shares. The company’s market cap is $2.27 billion. Straight Path Communications Inc has a 12 month low of $20.65 and a 12 month high of $235.88. The stock has a 50 day moving average of $179.14 and a 200 day moving average of $132.90.

Straight Path Communications (NASDAQ:STRP) last posted its earnings results on Friday, June 9th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.28. The company had revenue of $0.17 million during the quarter, compared to the consensus estimate of $0.17 million. During the same quarter in the prior year, the company earned $0.25 EPS. Equities analysts forecast that Straight Path Communications Inc will post ($3.19) EPS for the current fiscal year.

In other Straight Path Communications news, major shareholder Howard S. Jonas sold 21,213 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $179.11, for a total transaction of $3,799,460.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Howard S. Jonas sold 145,579 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $179.32, for a total value of $26,105,226.28. Following the sale, the insider now directly owns 14,297 shares in the company, valued at $2,563,738.04. The disclosure for this sale can be found here. Insiders sold 434,562 shares of company stock worth $78,018,264 over the last quarter.

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Straight Path Communications Profile

Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

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Institutional Ownership by Quarter for Straight Path Communications (NASDAQ:STRP)

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