Marin Software Incorporated (MRIN) Shares Bought by Royce & Associates LP
Royce & Associates LP raised its holdings in Marin Software Incorporated (NYSE:MRIN) by 23.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,199,849 shares of the software maker’s stock after purchasing an additional 227,152 shares during the quarter. Royce & Associates LP owned 3.04% of Marin Software worth $1,560,000 as of its most recent SEC filing.
Separately, Spark Investment Management LLC raised its position in Marin Software by 47.3% in the first quarter. Spark Investment Management LLC now owns 70,392 shares of the software maker’s stock valued at $126,000 after purchasing an additional 22,592 shares during the period. 27.77% of the stock is owned by institutional investors.
In other news, major shareholder Esw Capital, Llc bought 398,447 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of $1.10 per share, with a total value of $438,291.70. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased a total of 1,039,378 shares of company stock worth $1,165,196 over the last ninety days. Corporate insiders own 20.80% of the company’s stock.
Shares of Marin Software Incorporated (NYSE MRIN) opened at 1.65 on Friday. The firm has a 50-day moving average price of $1.20 and a 200-day moving average price of $1.44. Marin Software Incorporated has a 52-week low of $1.00 and a 52-week high of $2.74. The stock’s market cap is $65.25 million.
Marin Software (NYSE:MRIN) last issued its earnings results on Thursday, August 10th. The software maker reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.09). The firm had revenue of $18.74 million during the quarter. Marin Software had a negative return on equity of 21.25% and a negative net margin of 28.27%. On average, analysts anticipate that Marin Software Incorporated will post ($0.33) EPS for the current fiscal year.
Marin Software Company Profile
Marin Software Incorporated provides a cross-channel, cross-device, enterprise marketing software platform for search, display and social advertising channels. The Company’s enterprise marketing software platform is offered as an integrated software-as-a-service (SaaS) solution for advertisers and agencies.
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