Spark Investment Management LLC Buys 36,100 Shares of RPX Corp (RPXC)

Spark Investment Management LLC Buys 36,100 Shares of RPX Corp (RPXC)

Other hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. increased its stake in shares of RPX Corp by 227.5% in the first quarter. Alliancebernstein L.P. now owns 184,750 shares of the business services provider’s stock valued at $2,217,000 after buying an additional 128,340 shares during the last quarter. American International Group Inc. increased its stake in RPX Corp by 7.0% in the first quarter. American International Group Inc. now owns 30,567 shares of the business services provider’s stock worth $367,000 after buying an additional 2,010 shares in the last quarter. Victory Capital Management Inc. increased its stake in RPX Corp by 43.9% in the first quarter. Victory Capital Management Inc. now owns 10,263 shares of the business services provider’s stock worth $123,000 after buying an additional 3,131 shares in the last quarter. Isthmus Partners LLC increased its stake in RPX Corp by 2.2% in the first quarter. Isthmus Partners LLC now owns 66,108 shares of the business services provider’s stock worth $793,000 after buying an additional 1,434 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its stake in RPX Corp by 60.4% in the first quarter. Pacific Ridge Capital Partners LLC now owns 74,530 shares of the business services provider’s stock worth $894,000 after buying an additional 28,070 shares in the last quarter. 87.02% of the stock is owned by institutional investors and hedge funds.

Spark Investment Management LLC increased its stake in RPX Corp (NASDAQ:RPXC) by 20.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 213,000 shares of the business services provider’s stock after buying an additional 36,100 shares during the period. Spark Investment Management LLC’s holdings in RPX Corp were worth $2,556,000 as of its most recent filing with the SEC.

RPX Corp (NASDAQ RPXC) opened at 13.14 on Thursday. The company has a market capitalization of $639.62 million, a price-to-earnings ratio of 32.85 and a beta of 1.59. The company’s 50-day moving average is $13.28 and its 200 day moving average is $11.74. RPX Corp has a 52 week low of $8.60 and a 52 week high of $15.15.

RPX Corp (NASDAQ:RPXC) last announced its quarterly earnings results on Tuesday, May 2nd. The business services provider reported $0.15 EPS for the quarter, beating the consensus estimate of $0.06 by $0.09. The firm had revenue of $82.51 million for the quarter, compared to analyst estimates of $81.25 million. RPX Corp had a return on equity of 5.47% and a net margin of 6.80%. On average, analysts forecast that RPX Corp will post $0.72 EPS for the current fiscal year.

Several brokerages have recently commented on RPXC. Barclays PLC boosted their target price on shares of RPX Corp from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, May 25th. Cowen and Company upped their price objective on shares of RPX Corp from $11.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of RPX Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Robert W. Baird upgraded shares of RPX Corp from a “neutral” rating to an “outperform” rating and set a $14.00 price objective for the company in a research report on Friday, February 17th. Finally, TheStreet upgraded shares of RPX Corp from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $13.00.

In other RPX Corp news, CRO Steven S. Swank sold 3,901 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $13.00, for a total value of $50,713.00. Following the completion of the sale, the executive now owns 4,679 shares of the company’s stock, valued at $60,827. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mallun Yen sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $12.00, for a total value of $120,000.00. Following the completion of the sale, the insider now directly owns 117,422 shares of the company’s stock, valued at approximately $1,409,064. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,396 shares of company stock worth $939,581. Insiders own 6.89% of the company’s stock.

About RPX Corp

RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:RPXC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding RPXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RPX Corp (NASDAQ:RPXC).

Related posts

Leave a Comment