Matarin Capital Management LLC Takes $5.69 Million Position in RPX Co. (RPXC)

Matarin Capital Management LLC purchased a new stake in RPX Co. (NASDAQ:RPXC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 532,688 shares of the business services provider’s stock, valued at approximately $5,694,000. Matarin Capital Management LLC owned about 1.07% of RPX as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in RPXC. AMP Capital Investors Ltd purchased a new position in RPX in the fourth quarter valued at approximately $144,000. Martingale Asset Management L P purchased a new position in RPX in the fourth quarter valued at approximately $169,000. Capital Fund Management S.A. purchased a new position in RPX in the fourth quarter valued at approximately $171,000. Wedge Capital Management L L P NC purchased a new position in RPX in the first quarter valued at approximately $178,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in RPX in the first quarter valued at approximately $178,000. Institutional investors own 88.84% of the company’s stock.

RPXC stock opened at $10.47 on Friday. The company has a market capitalization of $523.31 million, a PE ratio of 22.78 and a beta of 1.34. RPX Co. has a twelve month low of $9.74 and a twelve month high of $14.99.

RPX (NASDAQ:RPXC) last posted its quarterly earnings data on Tuesday, May 1st. The business services provider reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.07). The firm had revenue of $67.10 million during the quarter, compared to analyst estimates of $73.50 million. RPX had a negative net margin of 27.00% and a positive return on equity of 5.04%. RPX’s revenue was down 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share.

RPXC has been the topic of several recent analyst reports. TheStreet lowered shares of RPX from a “b-” rating to a “c-” rating in a research note on Thursday, February 22nd. BidaskClub raised RPX from a “sell” rating to a “hold” rating in a report on Saturday, March 24th. Finally, ValuEngine downgraded RPX from a “hold” rating to a “sell” rating in a report on Saturday, May 12th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. RPX has a consensus rating of “Hold” and an average price target of $14.33.

About RPX

RPX Corporation provides patent risk management and discovery services in the United States, Japan, South Korea, and internationally. It offers a subscription-based patent risk management service that facilitates exchanges of value between owners and users of patents. The company also provides a defensive patent aggregation in which it acquires patent assets to offer clients with sub-licenses; and underwrites patent infringement liability insurance policies to insure against certain costs of litigation.

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Institutional Ownership by Quarter for RPX (NASDAQ:RPXC)

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