Essex Investment Management Co. LLC Has $1.91 Million Position in Benefitfocus Inc (BNFT)
Essex Investment Management Co. LLC cut its stake in shares of Benefitfocus Inc (NASDAQ:BNFT) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 41,798 shares of the software maker’s stock after selling 2,562 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Benefitfocus were worth $1,911,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. Voya Investment Management LLC acquired a new position in Benefitfocus in the second quarter valued at about $263,000. FMR LLC grew its stake in Benefitfocus by 8.3% in the second quarter. FMR LLC now owns 4,395,000 shares of the software maker’s stock valued at $147,672,000 after acquiring an additional 336,048 shares during the period. Northern Trust Corp grew its stake in Benefitfocus by 22.1% in the second quarter. Northern Trust Corp now owns 250,644 shares of the software maker’s stock valued at $8,421,000 after acquiring an additional 45,389 shares during the period. Vanguard Capital Wealth Advisors acquired a new position in Benefitfocus in the third quarter valued at about $210,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Benefitfocus in the third quarter valued at about $1,384,000. 92.72% of the stock is owned by hedge funds and other institutional investors.
BNFT stock opened at $58.80 on Friday. The stock has a market cap of $1.81 billion, a PE ratio of -74.43 and a beta of 1.45. Benefitfocus Inc has a fifty-two week low of $21.75 and a fifty-two week high of $59.06.
Benefitfocus Company Profile
Benefitfocus, Inc provides cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers in the United States. It operates through Employer and Carrier segments. The company's products for insurance carriers include Marketplaces, which are online shopping environments; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution for communication; eSales for carriers and brokers to organize and manage accounts, track leads, generate quotes, and create proposals for products; and Core & Advanced Analytics, a data analytics solution.
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