Professional Diversity Network, Inc. (NASDAQ:IPDN) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.45 and last traded at $3.45, with a volume of 77,706 shares. The stock had previously closed at $3.87.

Separately, ValuEngine downgraded shares of Professional Diversity Network from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.

The company’s market cap is $13.53 million. The stock has a 50 day moving average of $4.78 and a 200 day moving average of $6.74.

In other news, CEO Maoji Wang acquired 13,330 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were purchased at an average cost of $4.76 per share, with a total value of $63,450.80. Following the acquisition, the chief executive officer now directly owns 25,100 shares in the company, valued at approximately $119,476. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jingbo Song acquired 6,490 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average cost of $5.98 per share, for a total transaction of $38,810.20. Following the completion of the acquisition, the insider now owns 3,000 shares in the company, valued at $17,940. The disclosure for this purchase can be found here. Insiders have purchased a total of 28,444 shares of company stock worth $145,324 over the last three months. 9.20% of the stock is owned by insiders.

An institutional investor recently raised its position in Professional Diversity Network stock. Vanguard Group Inc. raised its position in Professional Diversity Network, Inc. (NASDAQ:IPDN) by 27.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,497 shares of the information services provider’s stock after buying an additional 4,436 shares during the quarter. Vanguard Group Inc. owned 0.52% of Professional Diversity Network worth $141,000 at the end of the most recent reporting period. 4.85% of the stock is currently owned by institutional investors and hedge funds.

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Professional Diversity Network Company Profile

Professional Diversity Network, Inc is an operator of professional networks with a focus on diversity. The Company serves various communities, including Women, Hispanic-Americans, African-Americans, Asian-Americans, Disabled, Military Professionals, and Lesbian, Gay, Bisexual and Transgender (LGBT). The Company’s segments include Professional Diversity Network (PDN Network), which includes online professional networking communities with career resources for the needs of various diverse cultural groups; National Association of Professional Women (NAPW Network), a women-only professional networking organization, and Noble Voice operations (Noble Voice), a career consultation and lead generation service.

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