Tieton Capital Management LLC Purchases Shares of 1,176,147 Fluent, Inc. $FLNT

Tieton Capital Management LLC purchased a new position in shares of Fluent, Inc. (NASDAQ:FLNT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,176,147 shares of the company’s stock, valued at approximately $4,387,000. Fluent comprises approximately 1.3% of Tieton Capital Management LLC’s investment portfolio, making the stock its 29th largest holding. Tieton Capital Management LLC owned about 3.94% of Fluent at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLNT. 4WEALTH Advisors Inc. raised its holdings in shares of Fluent by 27.1% during the 1st quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock valued at $69,000 after buying an additional 4,735 shares in the last quarter. Millennium Management LLC purchased a new stake in Fluent in the fourth quarter worth approximately $84,000. Susquehanna International Group LLP grew its position in Fluent by 65.3% during the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after acquiring an additional 15,777 shares during the last quarter. Salvus Wealth Management LLC grew its position in Fluent by 54.3% during the second quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock valued at $112,000 after acquiring an additional 10,560 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Fluent by 44.7% during the fourth quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock worth $347,000 after acquiring an additional 44,684 shares in the last quarter. 23.33% of the stock is currently owned by hedge funds and other institutional investors.

Fluent Price Performance

FLNT opened at $4.11 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $3.57 and its 200 day simple moving average is $3.27. The firm has a market cap of $129.92 million, a price-to-earnings ratio of -5.34 and a beta of 0.76. Fluent, Inc. has a 1 year low of $1.70 and a 1 year high of $4.49.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02. The firm had revenue of $48.45 million during the quarter, compared to the consensus estimate of $44.64 million. Fluent had a negative return on equity of 155.09% and a negative net margin of 11.48%. As a group, analysts predict that Fluent, Inc. will post -0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FLNT. Canaccord Genuity Group set a $4.50 price objective on shares of Fluent and gave the stock a “hold” rating in a report on Tuesday, August 11th. Lake Street Capital reaffirmed a “buy” rating and set a $5.50 target price (up from $5.00) on shares of Fluent in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Fluent presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Insider Buying and Selling

In other news, major shareholder Global Value Investment Corp. purchased 61,368 shares of the company’s stock in a transaction on Friday, June 12th. The stock was acquired at an average price of $2.75 per share, with a total value of $168,762.00. Following the transaction, the insider directly owned 3,151,044 shares of the company’s stock, valued at approximately $8,665,371. This represents a 1.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Geygan purchased 60,183 shares of the business’s stock in a transaction on Friday, June 12th. The stock was purchased at an average cost of $2.75 per share, for a total transaction of $165,503.25. Following the acquisition, the director owned 3,100,838 shares in the company, valued at approximately $8,527,304.50. The trade was a 1.98% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 132,736 shares of company stock valued at $358,260 and have sold 29,120 shares valued at $75,197. 38.40% of the stock is owned by insiders.

Fluent Company Profile

Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.

The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.