Seizert Capital Partners LLC acquired a new stake in CynergisTek Inc (NYSEAMERICAN:CTEK) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 70,147 shares of the company’s stock, valued at approximately $340,000.
Separately, Globeflex Capital L P lifted its stake in shares of CynergisTek by 18.5% during the 1st quarter. Globeflex Capital L P now owns 83,282 shares of the company’s stock worth $414,000 after acquiring an additional 12,982 shares during the last quarter.
Shares of CTEK stock traded down $0.11 on Friday, reaching $3.23. 36,732 shares of the company’s stock were exchanged, compared to its average volume of 26,942. CynergisTek Inc has a 52 week low of $2.78 and a 52 week high of $5.00.
CTEK has been the subject of a number of research analyst reports. B. Riley set a $7.00 price target on CynergisTek and gave the stock a “buy” rating in a research note on Friday, August 16th. Zacks Investment Research raised CynergisTek from a “sell” rating to a “hold” rating in a research note on Tuesday, June 4th.
In other news, CFO Paul Thomas Anthony bought 10,800 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was acquired at an average cost of $3.10 per share, with a total value of $33,480.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judith Finger Krandel bought 10,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were purchased at an average cost of $3.32 per share, with a total value of $33,200.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 30,800 shares of company stock valued at $99,180.
Cynergistek, Inc provides outsourced document solutions, IT consulting data security, and managed print services primarily to the healthcare industry in the United States. The company offers Incident Response, Vendor Security Management, and Patient Privacy Monitoring Service, as well as Compliance Assist Partner Program.
Recommended Story: What Factors Can Affect Return on Equity?
Want to see what other hedge funds are holding CTEK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CynergisTek Inc (NYSEAMERICAN:CTEK).
Receive News & Ratings for CynergisTek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CynergisTek and related companies with MarketBeat.com's FREE daily email newsletter.