Quadrature Capital Ltd acquired a new position in Glu Mobile Inc. (NASDAQ:GLUU) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 148,792 shares of the company’s stock, valued at approximately $1,381,000. Quadrature Capital Ltd owned 0.09% of Glu Mobile as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. BDO Wealth Advisors LLC bought a new stake in shares of Glu Mobile in the first quarter valued at about $26,000. Private Capital Group LLC purchased a new position in shares of Glu Mobile in the 1st quarter valued at approximately $28,000. Captrust Financial Advisors purchased a new position in shares of Glu Mobile in the 2nd quarter valued at approximately $45,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Glu Mobile by 42.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,568 shares of the company’s stock valued at $60,000 after purchasing an additional 2,846 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of Glu Mobile by 29.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 6,461 shares of the company’s stock valued at $60,000 after purchasing an additional 1,463 shares during the last quarter. Hedge funds and other institutional investors own 74.08% of the company’s stock.
In related news, CFO Eric R. Ludwig sold 229,981 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $7.62, for a total value of $1,752,455.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 28,780 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $10.00, for a total transaction of $287,800.00. Following the completion of the transaction, the director now directly owns 105,646 shares of the company’s stock, valued at $1,056,460. The disclosure for this sale can be found here. Over the last three months, insiders sold 271,606 shares of company stock valued at $2,157,659. 6.84% of the stock is currently owned by insiders.
NASDAQ GLUU traded down $0.15 on Friday, reaching $7.60. 4,657,894 shares of the stock were exchanged, compared to its average volume of 4,373,668. Glu Mobile Inc. has a one year low of $3.98 and a one year high of $10.85. The firm has a market capitalization of $1.30 billion, a PE ratio of -108.56, a PEG ratio of 2.60 and a beta of 0.59. The company’s 50-day simple moving average is $8.48 and its two-hundred day simple moving average is $8.16. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.10.
Glu Mobile (NASDAQ:GLUU) last released its earnings results on Tuesday, August 4th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). Glu Mobile had a negative return on equity of 4.61% and a negative net margin of 2.42%. The firm had revenue of $182.00 million for the quarter, compared to the consensus estimate of $113.46 million. During the same quarter in the previous year, the business posted $0.02 EPS. Glu Mobile’s revenue was up 78.6% on a year-over-year basis. Sell-side analysts forecast that Glu Mobile Inc. will post 0.19 earnings per share for the current fiscal year.
Several research analysts have weighed in on GLUU shares. BidaskClub downgraded Glu Mobile from a “hold” rating to a “sell” rating in a research note on Tuesday, August 11th. Zacks Investment Research upgraded Glu Mobile from a “sell” rating to a “hold” rating in a research note on Thursday, August 13th. Morgan Stanley lifted their price target on Glu Mobile from $10.50 to $10.75 and gave the company an “equal weight” rating in a research note on Friday, July 24th. UBS Group initiated coverage on Glu Mobile in a research note on Wednesday, June 10th. They issued a “buy” rating and a $13.00 price target on the stock. Finally, Roth Capital restated a “buy” rating and issued a $12.50 price target on shares of Glu Mobile in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $9.66.
Glu Mobile Company Profile
Glu Mobile Inc develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles primarily in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, Blood & Glory, Contract Killer, Cooking Dash, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, QuizUp, and Tap Sports.
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