Alambic Investment Management L.P. increased its stake in shares of Marchex, Inc. (NASDAQ:MCHX) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,968 shares of the technology company’s stock after purchasing an additional 31,107 shares during the quarter. Alambic Investment Management L.P.’s holdings in Marchex were worth $639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Marchex by 1.8% during the second quarter. PNC Financial Services Group Inc. now owns 203,560 shares of the technology company’s stock valued at $606,000 after purchasing an additional 3,560 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Marchex by 19.2% during the second quarter. Parametric Portfolio Associates LLC now owns 34,889 shares of the technology company’s stock valued at $104,000 after purchasing an additional 5,629 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Marchex by 0.9% during the second quarter. Vanguard Group Inc. now owns 1,546,571 shares of the technology company’s stock valued at $4,608,000 after purchasing an additional 13,320 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Marchex by 4.3% during the second quarter. Ameriprise Financial Inc. now owns 348,230 shares of the technology company’s stock valued at $1,038,000 after purchasing an additional 14,400 shares during the last quarter. Finally, Heartland Advisors Inc. grew its stake in shares of Marchex by 12.6% during the third quarter. Heartland Advisors Inc. now owns 500,000 shares of the technology company’s stock valued at $1,545,000 after purchasing an additional 56,118 shares during the last quarter. 48.20% of the stock is currently owned by institutional investors and hedge funds.

In other Marchex news, major shareholder Edenbrook Capital, Llc acquired 133,700 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $3.35 per share, for a total transaction of $447,895.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 27.35% of the company’s stock.

MCHX has been the topic of several research analyst reports. Zacks Investment Research raised shares of Marchex from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Thursday, November 9th. ValuEngine cut shares of Marchex from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th.

Marchex, Inc. (NASDAQ MCHX) opened at $3.47 on Thursday. Marchex, Inc. has a twelve month low of $2.50 and a twelve month high of $3.75. The firm has a market cap of $148.48, a P/E ratio of -12.70 and a beta of 1.32.

The firm also recently disclosed a special dividend, which will be paid on Wednesday, March 21st. Investors of record on Thursday, March 8th will be issued a $0.50 dividend. This is a positive change from Marchex’s previous special dividend of $0.14. The ex-dividend date is Wednesday, March 7th.

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Marchex Company Profile

Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.

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Institutional Ownership by Quarter for Marchex (NASDAQ:MCHX)

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