Brooktree Capital Management raised its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY – Get Rating) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 329,342 shares of the company’s stock after buying an additional 31,530 shares during the period. Thryv comprises approximately 6.0% of Brooktree Capital Management’s portfolio, making the stock its 6th largest position. Brooktree Capital Management’s holdings in Thryv were worth $9,261,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in THRY. Nisa Investment Advisors LLC purchased a new stake in Thryv during the fourth quarter valued at about $29,000. Lazard Asset Management LLC purchased a new stake in shares of Thryv during the fourth quarter worth about $59,000. Gladius Capital Management LP purchased a new stake in shares of Thryv during the fourth quarter worth about $86,000. Mutual of America Capital Management LLC purchased a new stake in shares of Thryv during the fourth quarter worth about $95,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Thryv during the fourth quarter worth about $171,000. 91.93% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, major shareholder Mudrick Capital Management, L. sold 89,982 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $26.17, for a total value of $2,354,828.94. Following the completion of the transaction, the insider now directly owns 3,482,312 shares of the company’s stock, valued at $91,132,105.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 1,364,467 shares of company stock valued at $33,677,120 over the last three months. Corporate insiders own 9.40% of the company’s stock.
Analyst Ratings Changes
Thryv Trading Down 0.9 %
Shares of Thryv stock traded down $0.25 during trading on Friday, reaching $26.25. 343,959 shares of the stock were exchanged, compared to its average volume of 326,215. The company has a quick ratio of 1.25, a current ratio of 1.36 and a debt-to-equity ratio of 1.14. The stock’s fifty day moving average is $23.86 and its 200 day moving average is $26.96. The firm has a market cap of $898.80 million, a price-to-earnings ratio of 7.35 and a beta of 1.30. Thryv Holdings, Inc. has a 1 year low of $21.41 and a 1 year high of $42.99.
Thryv (NASDAQ:THRY – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.72. Thryv had a net margin of 11.17% and a return on equity of 38.13%. The company had revenue of $334.00 million during the quarter, compared to the consensus estimate of $308.03 million. During the same period in the prior year, the firm earned $1.09 earnings per share. Thryv’s revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts expect that Thryv Holdings, Inc. will post 2.94 earnings per share for the current fiscal year.
Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses (SMBs). It operates through three segments: SaaS (Software as a Service), Marketing Services, and Thryv International. The company provides Thryv, an SMB end-to-end customer experience platform; Hub by Thryv, a solution for franchisors to offer real time oversight and day-to-day management of multiple locations; Thryv Leads, an integrated local marketing and lead generation solution, as well as related services; and ThryvPay, a payment solution that allows users to get paid through credit card and ACH.
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