We Are One Seven LLC decreased its position in shares of MTBC, Inc (NASDAQ:MTBC) by 19.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,520 shares of the technology company’s stock after selling 3,800 shares during the quarter. We Are One Seven LLC owned approximately 0.12% of MTBC worth $141,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTBC. Advisor Group Holdings Inc. boosted its holdings in shares of MTBC by 469.4% during the 2nd quarter. Advisor Group Holdings Inc. now owns 5,125 shares of the technology company’s stock valued at $43,000 after acquiring an additional 4,225 shares in the last quarter. Engineers Gate Manager LP acquired a new position in MTBC during the 2nd quarter worth about $86,000. Mesirow Financial Investment Management Inc. acquired a new position in MTBC during the 3rd quarter worth about $294,000. BlackRock Inc. lifted its holdings in MTBC by 7.7% during the 3rd quarter. BlackRock Inc. now owns 54,344 shares of the technology company’s stock worth $483,000 after buying an additional 3,885 shares during the period. Finally, National Asset Management Inc. acquired a new position in MTBC during the 3rd quarter worth about $107,000. 21.92% of the stock is currently owned by institutional investors.
In other news, President A Hadi Chaudhry sold 4,334 shares of MTBC stock in a transaction dated Tuesday, January 19th. The stock was sold at an average price of $10.51, for a total value of $45,550.34. Following the completion of the transaction, the president now directly owns 73,416 shares of the company’s stock, valued at approximately $771,602.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John N. Daly sold 5,000 shares of MTBC stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $10.50, for a total value of $52,500.00. Following the completion of the transaction, the director now directly owns 63,500 shares of the company’s stock, valued at $666,750. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,105 shares of company stock valued at $846,582. Corporate insiders own 46.00% of the company’s stock.
MTBC (NASDAQ:MTBC) last announced its earnings results on Monday, November 9th. The technology company reported ($0.46) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.49) by $0.03. The firm had revenue of $31.64 million for the quarter, compared to the consensus estimate of $30.13 million. MTBC had a negative return on equity of 12.26% and a negative net margin of 9.72%. Equities research analysts forecast that MTBC, Inc will post -1.85 EPS for the current fiscal year.
MTBC Company Profile
MTBC, Inc, a healthcare information technology (IT) company, provides an integrated suite of Web-based solutions and related business services to healthcare providers primarily in the United States. The company operates through two segments, Healthcare IT and Practice Management. It primarily offers PracticePro, a software-as-a-service platform, which includes practice management software and related tools that facilitate the day-to-day business operation and workflows; electronic health record (EHR), which enables customers to reduce paperwork; revenue cycle management services, such as end-to-end medical billing, analytics, and related services; and mobile health solutions, including smartphone applications that assist patients and healthcare providers in the provision of healthcare services.
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