Financial & Investment Management Group Ltd. boosted its stake in Spark Networks Inc (NYSEMKT:LOV) by 68.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 932,413 shares of the technology company’s stock after buying an additional 377,401 shares during the period. Financial & Investment Management Group Ltd. owned approximately 2.90% of Spark Networks worth $895,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royce & Associates LP increased its position in Spark Networks by 22.5% in the first quarter. Royce & Associates LP now owns 322,175 shares of the technology company’s stock worth $332,000 after buying an additional 59,175 shares during the period. Renaissance Technologies LLC boosted its stake in Spark Networks by 9.3% in the first quarter. Renaissance Technologies LLC now owns 328,200 shares of the technology company’s stock worth $338,000 after buying an additional 27,900 shares in the last quarter. Finally, Robotti Robert boosted its stake in Spark Networks by 5.7% in the first quarter. Robotti Robert now owns 314,125 shares of the technology company’s stock worth $324,000 after buying an additional 16,800 shares in the last quarter.
Shares of Spark Networks Inc (NYSEMKT:LOV) remained flat at $0.91 during trading on Tuesday. 50,636 shares of the stock traded hands. The firm’s market capitalization is $29.21 million. The stock’s 50-day moving average is $0.94 and its 200-day moving average is $0.97. Spark Networks Inc has a 1-year low of $0.76 and a 1-year high of $2.08.
COPYRIGHT VIOLATION NOTICE: “Spark Networks Inc (LOV) Shares Bought by Financial & Investment Management Group Ltd.” was posted by BBNS and is owned by of BBNS. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://baseballnewssource.com/markets/financial-investment-management-group-ltd-has-895000-stake-in-spark-networks-inc-lov-updated-updated-updated/1195812.html.
A number of analysts recently commented on LOV shares. Zacks Investment Research upgraded shares of Spark Networks from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. B. Riley restated a “neutral” rating and issued a $1.30 price objective on shares of Spark Networks in a research report on Thursday, May 4th.
Spark Networks Company Profile
Spark Networks, Inc is engaged in creating brands and communities that help individuals form life-long relationships with others that share their interests and values. The Company operates through four segments, such as Jewish Networks, which consists of JDate, JDate.co.uk, JDate.fr, JDate.co.il, Cupid.co.il and JSwipe; Christian Networks, which consists of ChristianMingle, CrossPaths, ChristianMingle.co.uk, ChristianMingle.com.au, Believe.com, ChristianCards.net, DailyBibleVerse.com and Faith.com; Other Networks, which consists of Spark.com and related other general market Websites, as well as other properties, which primarily consists of sites focused towards various religious, ethnic, geographic and special interest groups, and Offline & Other Businesses segment, which consists of revenue generated from offline activities.
Receive News & Ratings for Spark Networks Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark Networks Inc and related companies with our FREE daily email newsletter.