NJ State Employees Deferred Compensation Plan trimmed its holdings in shares of Leaf Group Ltd (NYSE:LFGR) by 65.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 54,000 shares of the technology company’s stock after selling 101,000 shares during the period. NJ State Employees Deferred Compensation Plan owned approximately 0.22% of Leaf Group worth $586,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in LFGR. Park West Asset Management LLC acquired a new stake in shares of Leaf Group during the 1st quarter worth about $6,573,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Leaf Group during the 1st quarter worth about $3,039,000. Russell Investments Group Ltd. increased its position in shares of Leaf Group by 7,092.9% during the 1st quarter. Russell Investments Group Ltd. now owns 360,147 shares of the technology company’s stock worth $2,539,000 after purchasing an additional 355,140 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of Leaf Group by 16.2% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 718,400 shares of the technology company’s stock worth $5,065,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Unterberg Capital LLC acquired a new stake in shares of Leaf Group during the 2nd quarter worth about $521,000. 66.40% of the stock is owned by institutional investors.

LFGR opened at $10.95 on Wednesday. Leaf Group Ltd has a 1-year low of $6.35 and a 1-year high of $12.05.

Leaf Group (NYSE:LFGR) last posted its quarterly earnings data on Thursday, August 2nd. The technology company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.01). The company had revenue of $34.32 million during the quarter. Leaf Group had a negative net margin of 17.25% and a negative return on equity of 34.93%.

A number of brokerages recently issued reports on LFGR. ValuEngine upgraded shares of Leaf Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Canaccord Genuity began coverage on shares of Leaf Group in a research report on Thursday, July 12th. They set a “buy” rating and a $14.00 target price for the company.

In other Leaf Group news, CEO Sean P. Moriarty sold 15,405 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $10.09, for a total value of $155,436.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 38,911 shares of company stock valued at $396,906 in the last 90 days. Corporate insiders own 22.50% of the company’s stock.

Leaf Group Profile

Leaf Group Ltd., together with its subsidiaries, operates as a diversified consumer Internet company worldwide. The company operates in two segments, Marketplaces and Media. The Marketplaces segment offers Society6.com, which provides artists with an online commerce platform to feature and sell their original art and designs on consumer products in the home décor, accessories, and apparel categories; and Deny Designs, an artist-driven home décor brand.

Recommended Story: Understanding Analyst Ratings

Institutional Ownership by Quarter for Leaf Group (NYSE:LFGR)

Receive News & Ratings for Leaf Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leaf Group and related companies with MarketBeat.com's FREE daily email newsletter.