Harte Hanks (NASDAQ:HHS) Shares Down 3.6% – Here’s Why

Harte Hanks, Inc. (NASDAQ:HHS)’s stock price traded down 3.6% on Wednesday . The company traded as low as $2.32 and last traded at $2.41. 3,538 shares changed hands during trading, a decline of 19% from the average session volume of 4,362 shares. The stock had previously closed at $2.50.

Harte Hanks Stock Performance

The stock has a market cap of $17.87 million, a price-to-earnings ratio of -21.91 and a beta of -0.14. The business has a 50-day simple moving average of $2.74 and a two-hundred day simple moving average of $3.08.

Institutional Investors Weigh In On Harte Hanks

Several large investors have recently made changes to their positions in HHS. Goldman Sachs Group Inc. acquired a new stake in shares of Harte Hanks in the 1st quarter valued at approximately $49,000. Raffles Associates LP acquired a new stake in shares of Harte Hanks in the 2nd quarter valued at approximately $76,000. Susquehanna International Group LLP acquired a new stake in shares of Harte Hanks in the 3rd quarter valued at approximately $71,000. DRW Securities LLC acquired a new stake in shares of Harte Hanks in the 4th quarter valued at approximately $38,000. Finally, State Street Corp boosted its holdings in shares of Harte Hanks by 41.0% in the 4th quarter. State Street Corp now owns 26,497 shares of the business services provider’s stock valued at $80,000 after buying an additional 7,700 shares during the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

About Harte Hanks

Harte-Hanks, Inc engages in the provision of marketing solutions. It specializes in consulting, data analytics, creative services, digital and social media, marketing strategy, marketing technology, and other related services. It supports a range of customers in the field of technology, travel and leisure, entertainment, pharmaceuticals, automotive, finance, and retail. The company was founded in 1923 and is headquartered in San Antonio, TX.