Ancora Advisors LLC lifted its position in shares of Marchex, Inc. (NASDAQ:MCHX) by 16.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 955,253 shares of the technology company’s stock after purchasing an additional 136,272 shares during the period. Ancora Advisors LLC owned about 2.17% of Marchex worth $2,608,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Marchex by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,638,140 shares of the technology company’s stock worth $4,472,000 after purchasing an additional 86,190 shares during the last quarter. Spark Investment Management LLC purchased a new stake in shares of Marchex during the 1st quarter worth $224,000. Alambic Investment Management L.P. lifted its position in shares of Marchex by 17.8% during the 1st quarter. Alambic Investment Management L.P. now owns 233,297 shares of the technology company’s stock worth $637,000 after purchasing an additional 35,329 shares during the last quarter. Unterberg Capital LLC purchased a new stake in shares of Marchex during the 1st quarter worth $1,365,000. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Marchex by 8.2% during the 4th quarter. Segall Bryant & Hamill LLC now owns 788,247 shares of the technology company’s stock worth $2,546,000 after purchasing an additional 59,607 shares during the last quarter. 46.29% of the stock is owned by institutional investors and hedge funds.
In other Marchex news, major shareholder Edenbrook Capital, Llc purchased 16,500 shares of Marchex stock in a transaction on Monday, March 26th. The shares were bought at an average price of $2.64 per share, with a total value of $43,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 123,326 shares of company stock worth $326,011 in the last ninety days. Insiders own 27.35% of the company’s stock.
A number of equities research analysts recently weighed in on MCHX shares. Zacks Investment Research cut shares of Marchex from a “hold” rating to a “sell” rating in a research report on Thursday, May 10th. Northland Securities started coverage on shares of Marchex in a research report on Tuesday, June 12th. They issued an “outperform” rating for the company. Finally, TheStreet cut shares of Marchex from a “c-” rating to a “d+” rating in a research report on Wednesday, March 14th.
NASDAQ MCHX opened at $3.13 on Friday. Marchex, Inc. has a one year low of $2.52 and a one year high of $3.67. The firm has a market capitalization of $137.58 million, a price-to-earnings ratio of -22.36 and a beta of 1.14.
Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Thursday, May 3rd. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Marchex had a negative net margin of 3.99% and a negative return on equity of 3.54%. The business had revenue of $21.90 million during the quarter, compared to analysts’ expectations of $21.10 million. equities research analysts anticipate that Marchex, Inc. will post -0.09 EPS for the current year.
Marchex Company Profile
Marchex, Inc operates as a call analytics company. Its products include Marchex Call Analytics, an analytics technology platform that provides data and insights to measure the performance of mobile, online, and offline advertising for advertisers and small business resellers; and Marchex Speech Analytics delivers actionable operational and advertising insights of inbound calls from consumer's interactions.
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