2 weeks Ago By ABMN Staff
Rhumbline Advisers increased its position in Digital Turbine, Inc. ( NASDAQ:APPS – Free Report ) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 152,877 shares of the software maker’s stock after purchasing an additional 5,734 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of Digital Turbine worth $254,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Greenhaven Road Investment Management L.P.
raised its holdings in Digital Turbine by 244.9% in the fourth quarter. Greenhaven Road Investment Management L.
P. now owns 1,940,020 shares of the software maker’s stock worth $13,308,000 after purchasing an additional 1,377,587 shares in the last quarter. Jacobs Levy Equity Management Inc.
purchased a new stake in Digital Turbine in the first quarter valued at about $2,177,000. Vanguard Group Inc. boosted its holdings in Digital Turbine by 4.
4% in the fourth quarter. Vanguard Group Inc. now owns 12,790,615 shares of the software maker’s stock worth $87,744,000 after acquiring an additional 543,160 shares in the last quarter.
Baader Bank Aktiengesellschaft acquired a new position in shares of Digital Turbine during the second quarter valued at about $725,000. Finally, Assenagon Asset Management S.A.
purchased a new position in shares of Digital Turbine in the 2nd quarter valued at approximately $589,000. Institutional investors own 63.66% of the company’s stock.
Digital Turbine Trading Up 4.7 % Shares of Digital Turbine stock opened at $3.14 on Friday.
The firm’s 50 day simple moving average is $2.91 and its two-hundred day simple moving average is $2.35.
The firm has a market capitalization of $321.87 million, a price-to-earnings ratio of -0.76 and a beta of 2.
60. Digital Turbine, Inc. has a 12-month low of $1.
39 and a 12-month high of $7.32. The company has a current ratio of 1.
05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.01.
Digital Turbine Profile ( Free Report ) Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.
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