Dimensional Fund Advisors LP Boosts Position in The Rubicon Project Inc (NYSE:RUBI)
Dimensional Fund Advisors LP boosted its holdings in shares of The Rubicon Project Inc (NYSE:RUBI) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,569,051 shares of the software maker’s stock after purchasing an additional 25,922 shares during the period. Dimensional Fund Advisors LP owned about 0.05% of The Rubicon Project worth $9,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Advisor Networks LLC acquired a new position in The Rubicon Project during the fourth quarter valued at $46,000. Smith Asset Management Group LP acquired a new position in The Rubicon Project during the fourth quarter valued at $149,000. HarbourVest Partners LLC acquired a new position in The Rubicon Project during the fourth quarter valued at $187,000. Bank of New York Mellon Corp lifted its position in The Rubicon Project by 88.9% during the fourth quarter. Bank of New York Mellon Corp now owns 52,525 shares of the software maker’s stock valued at $196,000 after purchasing an additional 24,715 shares during the period. Finally, Ibex Investors LLC acquired a new position in The Rubicon Project during the fourth quarter valued at $250,000. Institutional investors own 63.30% of the company’s stock.
In related news, CEO Michael G. Barrett sold 89,435 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $6.18, for a total transaction of $552,708.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Day sold 55,837 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $6.86, for a total transaction of $383,041.82. Following the transaction, the chief financial officer now owns 318,840 shares of the company’s stock, valued at approximately $2,187,242.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 289,343 shares of company stock valued at $1,851,817. Insiders own 10.60% of the company’s stock.
The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The business had revenue of $32.42 million during the quarter, compared to the consensus estimate of $31.20 million. The Rubicon Project had a negative net margin of 35.21% and a negative return on equity of 23.77%. On average, sell-side analysts predict that The Rubicon Project Inc will post -0.66 earnings per share for the current year.
RUBI has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of The Rubicon Project from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. ValuEngine upgraded shares of The Rubicon Project from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, B. Riley initiated coverage on shares of The Rubicon Project in a research report on Wednesday, April 17th. They issued a “buy” rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $7.00.
About The Rubicon Project
The Rubicon Project, Inc, together with its subsidiaries, provides technology solutions to automate the purchase and sale of digital advertising inventory for buyers and sellers in the United States and internationally. It offers applications and services for digital advertising inventory sellers, including Websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, such as advertisers, agencies, agency trading desks, and demand side platforms, to buy advertising inventory; and a marketplace over which such transactions are executed.
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