White Pine Capital LLC Grows Stake in Innodata Inc. (NASDAQ:INOD)

White Pine Capital LLC increased its holdings in shares of Innodata Inc. (NASDAQ:INOD) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,734 shares of the technology company’s stock after purchasing an additional 15,055 shares during the quarter. White Pine Capital LLC’s holdings in Innodata were worth $1,064,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Innodata during the third quarter worth about $25,000. Private Advisor Group LLC purchased a new position in Innodata during the 3rd quarter valued at approximately $100,000. Atria Wealth Solutions Inc. purchased a new position in Innodata during the 3rd quarter valued at approximately $103,000. Legato Capital Management LLC purchased a new position in Innodata during the 4th quarter valued at approximately $520,000. Finally, Raymond James & Associates purchased a new position in Innodata during the 3rd quarter valued at approximately $590,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded Innodata from a “d” rating to a “c-” rating in a report on Friday, February 23rd.

Innodata Stock Up 4.0 %

NASDAQ INOD traded up $0.23 during trading on Friday, hitting $5.92. 338,936 shares of the stock traded hands, compared to its average volume of 266,993. The firm has a 50-day simple moving average of $6.72 and a 200-day simple moving average of $7.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.40. Innodata Inc. has a 12-month low of $5.46 and a 12-month high of $15.36.

Innodata (NASDAQ:INOD) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.05 earnings per share for the quarter. The business had revenue of $26.11 million during the quarter. Innodata had a negative return on equity of 4.14% and a negative net margin of 1.05%.

Innodata Company Profile

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.