Alps Advisors Inc. Acquires New Position in Monotype Imaging Holdings Inc. (NASDAQ:TYPE)

Alps Advisors Inc. acquired a new stake in shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) during the 3rd quarter, Holdings Channel reports. The fund acquired 18,445 shares of the software maker’s stock, valued at approximately $365,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in shares of Monotype Imaging by 560.3% during the third quarter. SG Americas Securities LLC now owns 91,223 shares of the software maker’s stock valued at $1,807,000 after buying an additional 77,407 shares during the period. Parallel Advisors LLC purchased a new position in shares of Monotype Imaging during the third quarter valued at approximately $29,000. Gabelli Funds LLC purchased a new position in shares of Monotype Imaging during the third quarter valued at approximately $9,972,000. Gamco Investors INC. ET AL purchased a new position in shares of Monotype Imaging during the third quarter valued at approximately $295,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Monotype Imaging during the third quarter valued at approximately $4,224,000. 88.54% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:TYPE opened at $19.84 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.20. The company has a market cap of $819.79 million, a P/E ratio of 25.44, a P/E/G ratio of 1.30 and a beta of 1.01. Monotype Imaging Holdings Inc. has a fifty-two week low of $15.29 and a fifty-two week high of $21.09. The firm’s 50 day moving average is $19.83 and its two-hundred day moving average is $18.49.

A number of research firms have weighed in on TYPE. Dougherty & Co downgraded shares of Monotype Imaging from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. BidaskClub downgraded shares of Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Zacks Investment Research downgraded shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research note on Saturday, October 12th. Finally, ValuEngine raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Monotype Imaging presently has a consensus rating of “Hold” and a consensus target price of $19.83.

About Monotype Imaging

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company's solutions include type intellectual property (IP), enterprise software for visual content marketing solutions, custom type design services, and tools and technologies through direct sales channels, e-commerce platforms, and partner platforms.

Recommended Story: What are gap-down stocks?

Want to see what other hedge funds are holding TYPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monotype Imaging Holdings Inc. (NASDAQ:TYPE).

Institutional Ownership by Quarter for Monotype Imaging (NASDAQ:TYPE)

Receive News & Ratings for Monotype Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monotype Imaging and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit