Emerald Acquisition Ltd. Purchases New Position in RPX Corp. (RPXC)
Emerald Acquisition Ltd. purchased a new stake in shares of RPX Corp. (NASDAQ:RPXC) during the second quarter, Holdings Channel reports. The fund purchased 395,859 shares of the company’s stock, valued at approximately $3,630,000. Emerald Acquisition Ltd. owned about 0.77% of RPX Corp. at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of RPX Corp. by 27.5% in the first quarter. Renaissance Technologies LLC now owns 1,707,500 shares of the company’s stock valued at $19,226,000 after buying an additional 368,700 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of RPX Corp. during the second quarter valued at $3,247,000. Barclays PLC bought a new stake in shares of RPX Corp. during the first quarter valued at $1,839,000. Prudential Financial Inc. boosted its stake in shares of RPX Corp. by 117.8% in the first quarter. Prudential Financial Inc. now owns 246,940 shares of the company’s stock valued at $2,780,000 after buying an additional 133,554 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of RPX Corp. by 59.2% in the first quarter. Goldman Sachs Group Inc. now owns 196,129 shares of the company’s stock valued at $2,208,000 after buying an additional 72,926 shares during the last quarter. 88.07% of the stock is owned by institutional investors.
RPX Corp. (NASDAQ:RPXC) traded up 0.67% during midday trading on Thursday, reaching $10.57. The company had a trading volume of 224,774 shares. RPX Corp. has a one year low of $8.60 and a one year high of $15.41. The stock has a market capitalization of $523.84 million, a price-to-earnings ratio of 26.29 and a beta of 1.27. The company has a 50-day moving average price of $10.62 and a 200-day moving average price of $10.28.
RPX Corp. (NASDAQ:RPXC) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. RPX Corp. had a return on equity of 4.95% and a net margin of 7.16%. The firm earned $83.10 million during the quarter, compared to analysts’ expectations of $82.14 million. During the same period in the prior year, the business earned $0.20 EPS. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, equities analysts expect that RPX Corp. will post $0.75 earnings per share for the current year.
Several equities research analysts have recently weighed in on RPXC shares. Barclays PLC decreased their price target on RPX Corp. from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Thursday, July 7th. Zacks Investment Research raised RPX Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th.
In related news, CFO Robert H. Heath sold 3,000 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $10.60, for a total transaction of $31,800.00. Following the completion of the sale, the chief financial officer now directly owns 79,437 shares in the company, valued at approximately $842,032.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mallun Yen sold 8,155 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $10.63, for a total value of $86,687.65. Following the sale, the insider now owns 109,642 shares of the company’s stock, valued at $1,165,494.46. The disclosure for this sale can be found here. 6.89% of the stock is owned by insiders.
RPX Corp. Company Profile
RPX Corporation offers patent risk management solutions. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents. The core of its solution is defensive patent aggregation, in which the Company acquires patents and licenses to patents that are being or may be asserted against its clients.
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