WealthTrust Axiom LLC Acquires 4,366 Shares of Fluent Inc (NASDAQ:FLNT)

WealthTrust Axiom LLC raised its holdings in shares of Fluent Inc (NASDAQ:FLNT) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 80,611 shares of the company’s stock after acquiring an additional 4,366 shares during the period. WealthTrust Axiom LLC owned approximately 0.11% of Fluent worth $220,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Mackay Shields LLC increased its position in shares of Fluent by 6.8% in the 3rd quarter. Mackay Shields LLC now owns 302,900 shares of the company’s stock valued at $828,000 after buying an additional 19,300 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Fluent by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 235,980 shares of the company’s stock valued at $645,000 after buying an additional 8,877 shares in the last quarter. Hancock Whitney Corp increased its position in shares of Fluent by 124.2% in the 3rd quarter. Hancock Whitney Corp now owns 54,437 shares of the company’s stock valued at $149,000 after buying an additional 30,160 shares in the last quarter. Cadence Capital Management LLC bought a new stake in shares of Fluent in the 3rd quarter valued at $56,000. Finally, Alberta Investment Management Corp bought a new stake in shares of Fluent in the 3rd quarter valued at $80,000. Institutional investors own 33.42% of the company’s stock.

In other Fluent news, major shareholder Matthew Conlin bought 25,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of $2.85 per share, with a total value of $71,250.00. Following the completion of the acquisition, the insider now owns 5,325,229 shares of the company’s stock, valued at $15,176,902.65. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryan Schulke bought 31,500 shares of the stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $3.16 per share, for a total transaction of $99,540.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 150,500 shares of company stock worth $453,220. Insiders own 20.20% of the company’s stock.

A number of analysts recently commented on the stock. ValuEngine upgraded shares of Fluent from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded shares of Fluent from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Barrington Research set a $5.00 price objective on shares of Fluent and gave the company a “buy” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Fluent currently has an average rating of “Buy” and a consensus price target of $6.58.

NASDAQ FLNT traded up $0.04 on Friday, reaching $2.43. The company had a trading volume of 152,700 shares, compared to its average volume of 385,140. The firm has a market capitalization of $193.45 million, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 2.24. Fluent Inc has a 1-year low of $2.26 and a 1-year high of $7.47. The company’s fifty day moving average is $2.61 and its 200-day moving average is $4.33.

Fluent (NASDAQ:FLNT) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The company had revenue of $70.56 million during the quarter, compared to the consensus estimate of $66.89 million. Fluent had a net margin of 2.87% and a return on equity of 4.51%. The firm’s revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 earnings per share. On average, research analysts forecast that Fluent Inc will post 0.08 earnings per share for the current year.

Fluent Profile

Fluent, Inc provides data-driven digital marketing services primarily in the United States. The company also offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers. It delivers data and performance-based marketing executions to approximately 500 consumer brands, direct marketers, and agencies across a range of industries, including financial services, retail and consumer, media and entertainment, staffing and recruitment, and marketing services.

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Institutional Ownership by Quarter for Fluent (NASDAQ:FLNT)

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