Insider Buying: Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) Major Shareholder Acquires $327,472.64 in Stock

Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) major shareholder Mvm Funds Llc purchased 35,288 shares of Chicken Soup for The Soul Entrtnmnt stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $9.28 per share, with a total value of $327,472.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Mvm Funds Llc also recently made the following trade(s):

  • On Thursday, June 27th, Mvm Funds Llc purchased 95,049 shares of Chicken Soup for The Soul Entrtnmnt stock. The shares were purchased at an average cost of $8.88 per share, with a total value of $844,035.12.

Shares of CSSE opened at $9.00 on Friday. Chicken Soup for The Soul Entrtnmnt Inc has a 1 year low of $6.75 and a 1 year high of $13.11. The company has a market cap of $38.57 million, a price-to-earnings ratio of -56.25 and a beta of 1.23. The firm has a fifty day moving average of $8.58 and a 200-day moving average of $8.53.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.09). Chicken Soup for The Soul Entrtnmnt had a negative net margin of 20.39% and a negative return on equity of 3.84%. The firm had revenue of $12.21 million for the quarter, compared to analyst estimates of $9.96 million. On average, equities analysts expect that Chicken Soup for The Soul Entrtnmnt Inc will post -0.09 EPS for the current fiscal year.

Several brokerages have recently issued reports on CSSE. Maxim Group reissued a “buy” rating and set a $22.00 price target on shares of Chicken Soup for The Soul Entrtnmnt in a report on Tuesday, July 30th. ValuEngine downgraded shares of Chicken Soup for The Soul Entrtnmnt from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Finally, Northland Securities reissued a “buy” rating and set a $15.00 price target on shares of Chicken Soup for The Soul Entrtnmnt in a report on Thursday, May 16th.

A number of hedge funds have recently bought and sold shares of CSSE. Royce & Associates LP lifted its holdings in Chicken Soup for The Soul Entrtnmnt by 45.0% in the first quarter. Royce & Associates LP now owns 311,027 shares of the company’s stock worth $3,844,000 after purchasing an additional 96,527 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Chicken Soup for The Soul Entrtnmnt by 14,661.1% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,942 shares of the company’s stock worth $120,000 after purchasing an additional 15,834 shares during the period. Falcon Point Capital LLC acquired a new stake in Chicken Soup for The Soul Entrtnmnt in the second quarter worth about $89,000. Steward Partners Investment Advisory LLC acquired a new stake in Chicken Soup for The Soul Entrtnmnt in the second quarter worth about $86,000. Finally, Pinnacle Associates Ltd. acquired a new stake in Chicken Soup for The Soul Entrtnmnt in the second quarter worth about $79,000. 19.81% of the stock is owned by institutional investors and hedge funds.

About Chicken Soup for The Soul Entrtnmnt

Chicken Soup for the Soul Entertainment, Inc, a media company, produces, distributes, and licenses video content in the United States and internationally. It distributes and exhibits video-on-demand (VOD) content directly to consumers through digital platforms, such as smartphones, tablets, gaming consoles, and the Web through its owned and operated advertiser-supported VOD (AVOD) networks, including Popcornflix and Truli; distributes its and third-party owned content to end users in various digital platforms through its owned and operated subscription-based VOD (SVOD) network Pivotshare; and operates a series of direct-to consumer advertising supported channels.

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Insider Buying and Selling by Quarter for Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE)

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