Determine Inc (DTRM) Major Shareholder Lloyd I. Miller III Sells 62,000 Shares

Determine Inc (NASDAQ:DTRM) major shareholder Lloyd I. Miller III sold 62,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $1.73, for a total transaction of $107,260.00. Following the sale, the insider now owns 250,820 shares of the company’s stock, valued at $433,918.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Determine Inc (DTRM) traded down $0.06 during trading on Thursday, reaching $1.69. 129,600 shares of the company were exchanged, compared to its average volume of 32,993. Determine Inc has a 1 year low of $1.55 and a 1 year high of $3.93. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.84. The firm has a market cap of $25.47, a price-to-earnings ratio of -2.49 and a beta of 1.77.

Determine (NASDAQ:DTRM) last posted its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). Determine had a negative net margin of 30.72% and a negative return on equity of 88.32%. The firm had revenue of $6.89 million during the quarter, compared to analyst estimates of $6.77 million. During the same quarter last year, the business posted ($0.28) EPS. The company’s revenue was up 4.6% on a year-over-year basis. equities analysts expect that Determine Inc will post -0.46 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in DTRM. Renaissance Technologies LLC lifted its position in Determine by 24.5% in the 1st quarter. Renaissance Technologies LLC now owns 149,814 shares of the technology company’s stock worth $509,000 after buying an additional 29,500 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Determine in the 2nd quarter worth approximately $203,000. Finally, AWM Investment Company Inc. lifted its position in Determine by 103.2% in the 2nd quarter. AWM Investment Company Inc. now owns 1,455,220 shares of the technology company’s stock worth $3,871,000 after buying an additional 739,000 shares in the last quarter. Institutional investors own 17.63% of the company’s stock.

A number of equities analysts recently commented on DTRM shares. B. Riley reaffirmed a “buy” rating and issued a $3.50 price objective on shares of Determine in a research note on Monday, December 4th. ValuEngine lowered shares of Determine from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Finally, Maxim Group lowered shares of Determine from a “buy” rating to a “hold” rating in a research note on Friday, November 10th.

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About Determine

Determine, Inc, (Determine), formerly Selectica, Inc, is a provider of enterprise contract management, supply management and configuration solutions. The Company is engaged in providing software as a service (SaaS) Source to Pay and Enterprise Contract Lifecyclem Management (ECLM) solutions. Its Source to Pay software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications.

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