Pacific Ridge Capital Partners LLC Grows Position in Smith Micro Software, Inc. (NASDAQ:SMSI)

Pacific Ridge Capital Partners LLC increased its stake in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) by 122.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 521,018 shares of the software maker’s stock after purchasing an additional 286,540 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 4.39% of Smith Micro Software worth $683,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Smith Micro Software in the 4th quarter worth $32,000. XTX Topco Ltd purchased a new stake in Smith Micro Software in the 3rd quarter worth approximately $26,000. Finally, Virtu Financial LLC bought a new stake in shares of Smith Micro Software during the 3rd quarter valued at $39,000. Institutional investors own 20.80% of the company’s stock.

Smith Micro Software Trading Down 2.1 %

NASDAQ:SMSI opened at $0.82 on Thursday. The business’s 50-day moving average is $1.20 and its 200 day moving average is $1.05. Smith Micro Software, Inc. has a 12 month low of $0.52 and a 12 month high of $3.21. The company has a market capitalization of $14.61 million, a P/E ratio of -0.16 and a beta of 0.75.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Smith Micro Software from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th.

About Smith Micro Software

Smith Micro Software, Inc engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging.