Tieton Capital Management LLC Makes New $4.39 Million Investment in Fluent, Inc. $FLNT

Tieton Capital Management LLC acquired a new position in Fluent, Inc. (NASDAQ:FLNT) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,176,147 shares of the company’s stock, valued at approximately $4,387,000. Fluent comprises approximately 1.3% of Tieton Capital Management LLC’s holdings, making the stock its 29th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. 4WEALTH Advisors Inc. raised its holdings in shares of Fluent by 27.1% during the first quarter. 4WEALTH Advisors Inc. now owns 22,237 shares of the company’s stock valued at $69,000 after acquiring an additional 4,735 shares in the last quarter. Millennium Management LLC bought a new stake in Fluent in the fourth quarter valued at $84,000. Susquehanna International Group LLP boosted its holdings in Fluent by 65.3% in the third quarter. Susquehanna International Group LLP now owns 39,947 shares of the company’s stock valued at $89,000 after acquiring an additional 15,777 shares in the last quarter. Salvus Wealth Management LLC increased its position in Fluent by 54.3% during the 2nd quarter. Salvus Wealth Management LLC now owns 30,008 shares of the company’s stock valued at $112,000 after purchasing an additional 10,560 shares during the period. Finally, Geode Capital Management LLC increased its position in Fluent by 44.7% during the 4th quarter. Geode Capital Management LLC now owns 144,713 shares of the company’s stock valued at $347,000 after purchasing an additional 44,684 shares during the period. 23.33% of the stock is owned by hedge funds and other institutional investors.

Fluent Stock Performance

Shares of Fluent stock opened at $4.11 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $129.92 million, a P/E ratio of -5.34 and a beta of 0.76. The business has a fifty day simple moving average of $3.57 and a two-hundred day simple moving average of $3.27. Fluent, Inc. has a 12 month low of $1.70 and a 12 month high of $4.49.

Fluent (NASDAQ:FLNT) last released its earnings results on Monday, August 10th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The firm had revenue of $48.45 million for the quarter, compared to the consensus estimate of $44.64 million. Fluent had a negative net margin of 11.48% and a negative return on equity of 155.09%. On average, equities analysts forecast that Fluent, Inc. will post -0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fluent news, Director James Geygan bought 60,183 shares of the stock in a transaction dated Friday, June 12th. The stock was purchased at an average cost of $2.75 per share, for a total transaction of $165,503.25. Following the completion of the acquisition, the director owned 3,100,838 shares of the company’s stock, valued at approximately $8,527,304.50. This trade represents a 1.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Global Value Investment Corp. purchased 61,368 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average price of $2.75 per share, for a total transaction of $168,762.00. Following the purchase, the insider directly owned 3,151,044 shares in the company, valued at $8,665,371. The trade was a 1.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 132,736 shares of company stock valued at $358,260 and have sold 29,120 shares valued at $75,197. 38.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on FLNT shares. Lake Street Capital reaffirmed a “buy” rating and issued a $5.50 target price (up from $5.00) on shares of Fluent in a research report on Tuesday, August 11th. Canaccord Genuity Group set a $4.50 price target on shares of Fluent and gave the stock a “hold” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Fluent Profile

Fluent, Inc is a performance marketing and customer acquisition platform that helps consumer brands drive leads and sales through data-driven digital campaigns. The company specializes in direct-response marketing, executing campaigns across multiple channels including email, display, paid search, social media and native advertising. By focusing on measurable outcomes such as cost per acquisition and return on ad spend, Fluent tailors solutions to meet the specific objectives of its clients.

The company’s proprietary technology leverages first-party data sourced from its network of consumer-facing digital properties and programmatic partnerships.