RBF Capital LLC Buys Shares of 500,000 TrueCar, Inc. $TRUE

RBF Capital LLC bought a new stake in TrueCar, Inc. (NASDAQ:TRUE) during the 4th quarter, Holdings Channel.com reports. The fund bought 500,000 shares of the technology company’s stock, valued at approximately $1,130,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC purchased a new position in TrueCar in the fourth quarter valued at about $26,000. Mariner LLC purchased a new position in TrueCar in the fourth quarter valued at about $31,000. M&T Bank Corp purchased a new position in TrueCar in the fourth quarter valued at about $32,000. BNP Paribas Financial Markets grew its stake in TrueCar by 89.5% in the third quarter. BNP Paribas Financial Markets now owns 15,827 shares of the technology company’s stock valued at $29,000 after purchasing an additional 7,475 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in TrueCar by 32.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 20,534 shares of the technology company’s stock valued at $47,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 79.44% of the company’s stock.

TrueCar Stock Performance

Shares of NASDAQ TRUE opened at $2.54 on Wednesday. The company has a market cap of $225.91 million, a PE ratio of -11.55 and a beta of 2.22. The business has a 50-day simple moving average of $2.54 and a two-hundred day simple moving average of $2.45. TrueCar, Inc. has a fifty-two week low of $1.05 and a fifty-two week high of $2.54.

About TrueCar

TrueCar, Inc operates a digital automotive marketplace designed to streamline the vehicle buying and selling process in the United States. Through its online platform, TrueCar provides prospective car buyers with transparent pricing information, real‐time market data and guaranteed savings from a network of certified dealers. The company’s core offerings include pricing analytics, dealer inventory listings and a purchase–price guarantee that aims to reduce the negotiation burden typically associated with new and used vehicle transactions.

Founded in 2005 under the name Zag.com by entrepreneur Scott Painter, the company rebranded as TrueCar in 2010 and subsequently completed its initial public offering in 2014.