RBF Capital LLC Takes Position in TrueCar, Inc. $TRUE

RBF Capital LLC purchased a new stake in shares of TrueCar, Inc. (NASDAQ:TRUE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 500,000 shares of the technology company’s stock, valued at approximately $1,130,000. RBF Capital LLC owned 0.56% of TrueCar at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp purchased a new position in shares of TrueCar during the fourth quarter valued at $3,336,000. Mariner LLC purchased a new position in shares of TrueCar during the fourth quarter valued at $31,000. Barclays PLC increased its stake in shares of TrueCar by 9.2% during the fourth quarter. Barclays PLC now owns 166,628 shares of the technology company’s stock valued at $377,000 after buying an additional 13,972 shares during the period. Glazer Capital LLC purchased a new position in shares of TrueCar during the fourth quarter valued at $8,603,000. Finally, Headlands Technologies LLC purchased a new position in shares of TrueCar during the fourth quarter valued at $73,000. Hedge funds and other institutional investors own 79.44% of the company’s stock.

TrueCar Stock Performance

Shares of TrueCar stock opened at $2.54 on Wednesday. The firm has a market cap of $225.91 million, a P/E ratio of -11.55 and a beta of 2.22. TrueCar, Inc. has a 12 month low of $1.05 and a 12 month high of $2.54. The stock’s fifty day moving average price is $2.54 and its 200-day moving average price is $2.45.

TrueCar Profile

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.