Glu Mobile Inc. (GLUU) Stake Held by Steinberg Global Asset Management

Steinberg Global Asset Management held its stake in shares of Glu Mobile Inc. (NASDAQ:GLUU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the company’s stock at the end of the second quarter. Steinberg Global Asset Management’s holdings in Glu Mobile were worth $100,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Menta Capital LLC purchased a new stake in shares of Glu Mobile during the first quarter valued at $3,359,000. Renaissance Technologies LLC purchased a new stake in shares of Glu Mobile during the first quarter valued at $877,000. Vanguard Group Inc. boosted its stake in shares of Glu Mobile by 8.0% in the first quarter. Vanguard Group Inc. now owns 4,667,543 shares of the company’s stock valued at $10,595,000 after buying an additional 344,727 shares in the last quarter. KCG Holdings Inc. boosted its stake in shares of Glu Mobile by 224.1% in the first quarter. KCG Holdings Inc. now owns 382,508 shares of the company’s stock valued at $868,000 after buying an additional 264,471 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Glu Mobile during the first quarter valued at $582,000. Institutional investors and hedge funds own 29.85% of the company’s stock.

Glu Mobile Inc. (NASDAQ GLUU) opened at 3.20 on Friday. The firm’s market capitalization is $433.32 million. The company’s 50-day moving average price is $2.79 and its 200 day moving average price is $2.46. Glu Mobile Inc. has a 12 month low of $1.73 and a 12 month high of $3.23.

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Several equities research analysts have weighed in on GLUU shares. Roth Capital set a $4.00 target price on Glu Mobile and gave the stock a “buy” rating in a report on Wednesday, May 24th. BidaskClub upgraded Glu Mobile from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Canaccord Genuity restated a “hold” rating and set a $3.00 price objective on shares of Glu Mobile in a research note on Friday, June 30th. Zacks Investment Research upgraded Glu Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Cowen and Company restated an “outperform” rating and set a $3.00 price objective on shares of Glu Mobile in a research note on Thursday, May 4th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Glu Mobile has an average rating of “Buy” and a consensus target price of $3.03.

In other news, COO Eric R. Ludwig sold 49,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $3.12, for a total value of $152,880.00. Following the completion of the sale, the chief operating officer now directly owns 68,250 shares of the company’s stock, valued at approximately $212,940. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Masi Niccolo De sold 339,648 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $2.59, for a total value of $879,688.32. Following the completion of the sale, the insider now directly owns 537,228 shares of the company’s stock, valued at $1,391,420.52. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for Glu Mobile (NASDAQ:GLUU)

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