NJ State Employees Deferred Compensation Plan lessened its holdings in shares of Leaf Group Ltd (NYSE:LFGR) by 74.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,000 shares of the technology company’s stock after selling 40,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Leaf Group were worth $140,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Unterberg Capital LLC acquired a new stake in Leaf Group during the 2nd quarter worth $521,000. Russell Investments Group Ltd. raised its holdings in shares of Leaf Group by 13.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 407,188 shares of the technology company’s stock worth $4,418,000 after acquiring an additional 47,041 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Leaf Group by 7.8% during the 2nd quarter. Renaissance Technologies LLC now owns 824,600 shares of the technology company’s stock worth $8,947,000 after acquiring an additional 59,700 shares during the period. Millennium Management LLC purchased a new position in shares of Leaf Group during the 1st quarter worth $236,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Leaf Group during the 2nd quarter worth $244,000. 65.68% of the stock is currently owned by institutional investors.
Separately, Canaccord Genuity started coverage on Leaf Group in a report on Thursday, July 12th. They set a “buy” rating and a $14.00 price target on the stock.
In related news, CEO Sean P. Moriarty sold 2,501 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $10.82, for a total value of $27,060.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Osmium Partners, Llc sold 167,261 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $11.05, for a total transaction of $1,848,234.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,364 shares of company stock worth $1,948,445. 22.50% of the stock is owned by insiders.
NYSE LFGR opened at $11.15 on Friday. Leaf Group Ltd has a 52 week low of $6.35 and a 52 week high of $12.05.
Leaf Group (NYSE:LFGR) last posted its quarterly earnings results on Thursday, August 2nd. The technology company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.01). Leaf Group had a negative return on equity of 34.93% and a negative net margin of 17.25%. The company had revenue of $34.32 million for the quarter.
About Leaf Group
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.
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