BNP Paribas Arbitrage SA Has $141,000 Position in Monotype Imaging Holdings Inc. (TYPE)
BNP Paribas Arbitrage SA decreased its position in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 50.2% during the third quarter, Holdings Channel reports. The fund owned 6,385 shares of the company’s stock after selling 6,449 shares during the period. BNP Paribas Arbitrage SA’s holdings in Monotype Imaging Holdings were worth $141,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its position in Monotype Imaging Holdings by 13,635.3% in the second quarter. Riverhead Capital Management LLC now owns 638,691 shares of the company’s stock worth $29,068,000 after buying an additional 634,041 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Monotype Imaging Holdings during the second quarter worth $8,281,000. Columbus Circle Investors boosted its position in Monotype Imaging Holdings by 83.3% in the second quarter. Columbus Circle Investors now owns 690,730 shares of the company’s stock worth $17,013,000 after buying an additional 313,844 shares during the last quarter. Brown Advisory Inc. boosted its position in Monotype Imaging Holdings by 31.2% in the second quarter. Brown Advisory Inc. now owns 1,031,220 shares of the company’s stock worth $25,399,000 after buying an additional 245,494 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC boosted its position in Monotype Imaging Holdings by 62.4% in the second quarter. Neumeier Poma Investment Counsel LLC now owns 514,475 shares of the company’s stock worth $12,672,000 after buying an additional 197,750 shares during the last quarter. 93.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) opened at 21.31 on Wednesday. The company has a market cap of $839.12 million, a P/E ratio of 34.65 and a beta of 0.90. Monotype Imaging Holdings Inc. has a 52 week low of $17.31 and a 52 week high of $27.76. The company’s 50-day moving average price is $21.26 and its 200 day moving average price is $22.48.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $48.70 million for the quarter, compared to analyst estimates of $48.98 million. Monotype Imaging Holdings had a return on equity of 11.28% and a net margin of 12.46%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. Equities research analysts anticipate that Monotype Imaging Holdings Inc. will post $0.96 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Monday, October 3rd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 29th. Monotype Imaging Holdings’s dividend payout ratio is presently 72.13%.
A number of research analysts have recently weighed in on TYPE shares. Zacks Investment Research cut Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research report on Friday, October 7th. B. Riley reaffirmed a “buy” rating and set a $24.00 price objective on shares of Monotype Imaging Holdings in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Monotype Imaging Holdings has an average rating of “Hold” and a consensus target price of $27.80.
In other news, Director Douglas J. Shaw sold 25,000 shares of the stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $20.88, for a total value of $522,000.00. Following the transaction, the director now directly owns 119,897 shares of the company’s stock, valued at $2,503,449.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Scott E. Landers acquired 3,285 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was purchased at an average cost of $20.42 per share, for a total transaction of $67,079.70. Following the completion of the acquisition, the chief operating officer now directly owns 159,725 shares of the company’s stock, valued at approximately $3,261,584.50. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.
Monotype Imaging Holdings Company Profile
Monotype Imaging Holdings Inc (Monotype) is a provider of type and technology for applications and consumer devices. The Company’s business segment operates through development, marketing and licensing of technologies and fonts. Its business includes Creative Professional and original equipment manufacturer (OEM).
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