Harte Hanks (NASDAQ:HHS) Announces Quarterly Earnings Results

Harte Hanks (NASDAQ:HHS) posted its quarterly earnings results on Thursday. The business services provider reported ($0.08) earnings per share for the quarter, FiscalAI reports. Harte Hanks had a negative net margin of 0.51% and a negative return on equity of 3.86%. The business had revenue of $37.26 million for the quarter.

Harte Hanks Stock Performance

Shares of HHS remained flat at $2.81 during mid-day trading on Friday. 259 shares of the stock traded hands, compared to its average volume of 8,348. The firm’s fifty day simple moving average is $2.68 and its two-hundred day simple moving average is $2.93. Harte Hanks has a 52 week low of $2.22 and a 52 week high of $5.39. The firm has a market capitalization of $20.84 million, a PE ratio of -25.55 and a beta of -0.03.

Institutional Investors Weigh In On Harte Hanks

Several institutional investors and hedge funds have recently modified their holdings of HHS. DRW Securities LLC acquired a new position in Harte Hanks during the fourth quarter worth $38,000. Goldman Sachs Group Inc. acquired a new stake in shares of Harte Hanks in the first quarter worth about $49,000. Westerly Capital Management LLC lifted its position in shares of Harte Hanks by 1.3% in the fourth quarter. Westerly Capital Management LLC now owns 627,000 shares of the business services provider’s stock worth $1,887,000 after buying an additional 8,000 shares during the last quarter. Raffles Associates LP boosted its stake in shares of Harte Hanks by 26.5% during the 4th quarter. Raffles Associates LP now owns 87,755 shares of the business services provider’s stock worth $264,000 after acquiring an additional 18,391 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Harte Hanks by 41.0% during the 4th quarter. State Street Corp now owns 26,497 shares of the business services provider’s stock worth $80,000 after acquiring an additional 7,700 shares in the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Harte Hanks in a research report on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Harte Hanks has an average rating of “Sell”.

Harte Hanks Company Profile

Harte-Hanks, Inc engages in the provision of marketing solutions. It specializes in consulting, data analytics, creative services, digital and social media, marketing strategy, marketing technology, and other related services. It supports a range of customers in the field of technology, travel and leisure, entertainment, pharmaceuticals, automotive, finance, and retail. The company was founded in 1923 and is headquartered in San Antonio, TX.