Marchex, Inc. (NASDAQ:MCHX) major shareholder Edenbrook Capital, Llc bought 80,773 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were bought at an average cost of $3.23 per share, for a total transaction of $260,896.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Edenbrook Capital, Llc also recently made the following trade(s):
- On Monday, February 5th, Edenbrook Capital, Llc purchased 133,700 shares of Marchex stock. The shares were acquired at an average price of $3.35 per share, for a total transaction of $447,895.00.
Marchex, Inc. (NASDAQ MCHX) opened at $3.30 on Thursday. Marchex, Inc. has a twelve month low of $2.51 and a twelve month high of $3.67. The firm has a market capitalization of $139.74, a price-to-earnings ratio of -22.00 and a beta of 1.32.
Marchex (NASDAQ:MCHX) last issued its quarterly earnings results on Thursday, February 15th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Marchex had a negative return on equity of 4.71% and a negative net margin of 6.74%. The business had revenue of $21.85 million for the quarter, compared to the consensus estimate of $21.10 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Marchex’s revenue for the quarter was down 23.1% compared to the same quarter last year. sell-side analysts expect that Marchex, Inc. will post -0.11 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Thursday, March 8th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, March 7th. This is an increase from Marchex’s previous special dividend of $0.14.
Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its stake in Marchex by 219.1% in the fourth quarter. Wells Fargo & Company MN now owns 31,473 shares of the technology company’s stock valued at $101,000 after purchasing an additional 21,611 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Marchex by 19.2% in 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 in the last quarter. Monashee Investment Management LLC purchased a new position in Marchex in the fourth quarter valued at about $144,000. Stone Ridge Asset Management LLC purchased a new position in Marchex in the fourth quarter valued at about $144,000. Finally, Macquarie Group Ltd. purchased a new position in Marchex in the third quarter valued at about $202,000. Hedge funds and other institutional investors own 44.57% of the company’s stock.
A number of research analysts have recently weighed in on MCHX shares. Zacks Investment Research upgraded Marchex from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a report on Thursday, November 9th. ValuEngine downgraded Marchex from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, TheStreet upgraded Marchex from a “d+” rating to a “c-” rating in a report on Thursday, February 15th.
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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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