Cutter & Co. Brokerage, Inc. recently announced the acquisition of new stake in Remark Holdings Inc (NASDAQ:MARK). The institutional investor has increased its shareholding in the Technology company by 101.31% to 1.27 million shares with purchase of 0.64 million shares. This fresh investment now brings its stake to 6.07% valued currently at $0.63 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.13 million to 0.49 million shares. And BlackRock Fund Advisors has lifted its position by 0.07% or 102.0 shares – to 0.14 million shares.
Currently, there are 20.93M common shares owned by the public and among those 20.33M shares have been available to trade.
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Insiders at the company have transacted a total of 4 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 17,850 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Remark Holdings Inc are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Vanguard Total Stock Market ETF. Vanguard Extended Market Index Fu owns 0.19 million shares of the company’s stock, all valued at over $94578.0. Vanguard Total Stock Market ETF sold -0.27 million shares to bring its total holdings to over 40096.0 shares at a value of $19848.0. Vanguard Total Stock Market ETF now owns shares totaling to 0.19% of the shares outstanding.
However, the script later moved the day high at 0.5880, up 40.26%. The company’s stock has a 5-day price change of 17.65% and 12.50% over the past three months. MARK shares are trading 9.05% year to date (YTD), with the 12-month market performance down to -54.81% lower. It has a 12-month low price of $0.36 and touched a high of $2.79 over the same period. MARK has an average intraday trading volume of 655.17K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.57%, 6.64%, and -31.03% respectively.
Institutional ownership of Remark Holdings Inc (NASDAQ: MARK) shares accounts for 10.80% of the company’s 20.93M shares outstanding. Mutual fund holders own 1.54%, while other institutional holders and individual stakeholders account for 9.26% and 0.11% respectively.
It has a market capitalization of $11.30M and a beta (3y monthly) value of 2.68. The earnings-per-share (ttm) stands at -$2.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 37.06% over the week and 15.45% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
Looking at the support for the MARK, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on January 31, 2018, with the firm’s price target at $10.25-$20.50.
