Castleark Management LLC grew its holdings in Glu Mobile Inc. (NASDAQ:GLUU) by 38.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,655,077 shares of the company’s stock after buying an additional 460,590 shares during the quarter. Castleark Management LLC owned 1.21% of Glu Mobile worth $6,024,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. increased its position in shares of Glu Mobile by 154.5% in the fourth quarter. Macquarie Group Ltd. now owns 53,700 shares of the company’s stock valued at $195,000 after buying an additional 32,600 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Glu Mobile in the fourth quarter worth approximately $270,000. Teachers Advisors LLC boosted its stake in shares of Glu Mobile by 13.6% in the fourth quarter. Teachers Advisors LLC now owns 197,691 shares of the company’s stock worth $720,000 after acquiring an additional 23,670 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Glu Mobile in the fourth quarter worth approximately $665,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Glu Mobile in the fourth quarter worth approximately $134,000. Institutional investors and hedge funds own 41.33% of the company’s stock.
A number of brokerages have recently issued reports on GLUU. ValuEngine raised Glu Mobile from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Zacks Investment Research raised Glu Mobile from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $4.75 price target on shares of Glu Mobile in a research note on Friday, February 9th. Wedbush set a $5.00 price target on Glu Mobile and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, BidaskClub raised Glu Mobile from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.01.
Glu Mobile stock opened at $3.80 on Monday. The firm has a market capitalization of $530.08, a price-to-earnings ratio of -5.28, a price-to-earnings-growth ratio of 76.00 and a beta of 1.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.04. Glu Mobile Inc. has a 12 month low of $2.01 and a 12 month high of $4.95.
Glu Mobile (NASDAQ:GLUU) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.10). The company had revenue of $83.20 million for the quarter, compared to analyst estimates of $78.51 million. Glu Mobile had a negative return on equity of 41.28% and a negative net margin of 34.02%.
In other Glu Mobile news, VP Gordon S. Lee sold 7,074 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $3.90, for a total transaction of $27,588.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.60% of the company’s stock.
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About Glu Mobile
Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.
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