Emerald Acquisition Ltd. Acquires Shares of 192,948 Mattersight Corp. (MATR)
Emerald Acquisition Ltd. bought a new position in Mattersight Corp. (NASDAQ:MATR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 192,948 shares of the company’s stock, valued at approximately $747,000. Emerald Acquisition Ltd. owned 0.73% of Mattersight Corp. at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of MATR. Geode Capital Management LLC raised its stake in Mattersight Corp. by 4.6% in the first quarter. Geode Capital Management LLC now owns 68,443 shares of the company’s stock worth $274,000 after buying an additional 2,983 shares during the last quarter. Spark Investment Management LLC acquired a new stake in Mattersight Corp. during the first quarter worth approximately $125,000. Renaissance Technologies LLC raised its stake in Mattersight Corp. by 14.1% in the first quarter. Renaissance Technologies LLC now owns 366,300 shares of the company’s stock worth $1,469,000 after buying an additional 45,300 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its stake in Mattersight Corp. by 2.9% in the second quarter. Prescott Group Capital Management L.L.C. now owns 1,596,696 shares of the company’s stock worth $6,179,000 after buying an additional 45,700 shares during the last quarter. 40.20% of the stock is owned by institutional investors and hedge funds.
Shares of Mattersight Corp. (NASDAQ:MATR) traded down 0.25% during mid-day trading on Friday, hitting $3.93. The company had a trading volume of 3,590 shares. Mattersight Corp. has a 1-year low of $3.23 and a 1-year high of $8.10. The company’s market capitalization is $104.41 million. The company has a 50-day moving average price of $4.02 and a 200-day moving average price of $3.90.
Separately, Zacks Investment Research lowered Mattersight Corp. from a “hold” rating to a “sell” rating in a report on Friday, August 12th.
In related news, Director David B. Mullen bought 20,000 shares of the stock in a transaction on Friday, August 26th. The stock was bought at an average price of $3.79 per share, for a total transaction of $75,800.00. Following the completion of the acquisition, the director now directly owns 68,000 shares in the company, valued at $257,720. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kelly D. Conway sold 30,000 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $3.72, for a total value of $111,600.00. Following the sale, the chief executive officer now owns 1,072,118 shares of the company’s stock, valued at approximately $3,988,278.96. The disclosure for this sale can be found here. 30.20% of the stock is owned by corporate insiders.
About Mattersight Corp.
Mattersight Corporation offers behavioral analytics and provides personality-based software products. The Company uses various applications, including predictive behavioral routing, performance management, quality assurance and predictive analytics (collectively, Behavioral Analytics) to analyze and predict customer behavior based on the language exchanged between agents and customers during brand interactions.
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