IHT Wealth Management LLC bought a new position in shares of Glu Mobile Inc. (NASDAQ:GLUU) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,000 shares of the company’s stock, valued at approximately $592,000.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in shares of Glu Mobile by 125.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 47,691 shares of the company’s stock worth $108,000 after acquiring an additional 26,535 shares during the last quarter. Emerald Advisers Inc. PA acquired a new position in shares of Glu Mobile during the 2nd quarter worth approximately $141,000. Voya Investment Management LLC increased its holdings in shares of Glu Mobile by 19.2% during the 2nd quarter. Voya Investment Management LLC now owns 56,969 shares of the company’s stock worth $142,000 after acquiring an additional 9,186 shares during the last quarter. American International Group Inc. increased its holdings in shares of Glu Mobile by 7.1% during the 1st quarter. American International Group Inc. now owns 63,380 shares of the company’s stock worth $144,000 after acquiring an additional 4,196 shares during the last quarter. Finally, Capital Advisors Inc. OK increased its holdings in shares of Glu Mobile by 43.3% during the 2nd quarter. Capital Advisors Inc. OK now owns 65,900 shares of the company’s stock worth $165,000 after acquiring an additional 19,900 shares during the last quarter. 35.14% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Glu Mobile Inc. (NASDAQ GLUU) traded down 2.66% on Monday, reaching $3.66. The company’s stock had a trading volume of 800,807 shares. The firm’s 50 day moving average is $3.57 and its 200-day moving average is $2.81. Glu Mobile Inc. has a 52-week low of $1.73 and a 52-week high of $3.83. The stock’s market cap is $495.62 million.

In other Glu Mobile news, COO Eric R. Ludwig sold 49,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $3.12, for a total value of $152,880.00. Following the sale, the chief operating officer now directly owns 68,250 shares in the company, valued at $212,940. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Eric R. Ludwig sold 100,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $3.75, for a total value of $375,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 174,000 shares of company stock worth $613,630. Corporate insiders own 5.60% of the company’s stock.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Glu Mobile from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Thursday. Roth Capital reissued a “buy” rating and set a $4.75 target price (up from $4.00) on shares of Glu Mobile in a report on Monday, September 18th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Glu Mobile in a report on Thursday, September 7th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $3.19.

Glu Mobile Company Profile

Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.

Institutional Ownership by Quarter for Glu Mobile (NASDAQ:GLUU)

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