Renaissance Technologies LLC boosted its stake in Leaf Group Ltd. (NASDAQ:LEAF) by 5.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 991,900 shares of the company’s stock after purchasing an additional 55,494 shares during the period. Renaissance Technologies LLC owned about 3.84% of Leaf Group worth $7,350,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in Leaf Group in the 1st quarter valued at approximately $58,000. Violich Capital Management Inc. acquired a new stake in Leaf Group in the 2nd quarter valued at approximately $90,000. State Board of Administration of Florida Retirement System acquired a new stake in Leaf Group in the 1st quarter valued at approximately $144,000. Rhumbline Advisers acquired a new stake in Leaf Group in the 1st quarter valued at approximately $172,000. Finally, Deutsche Bank AG acquired a new stake in Leaf Group in the 4th quarter valued at approximately $149,000.
In related news, CEO Sean P. Moriarty sold 4,000 shares of Leaf Group stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $6.36, for a total value of $25,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Leaf Group (NASDAQ:LEAF) last posted its earnings results on Monday, August 5th. The company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.01). The company had revenue of $35.79 million for the quarter.
Separately, Cowen downgraded shares of Leaf Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $10.00 to $7.00 in a report on Tuesday, August 6th.
Leaf Group Profile
Leaf Group Ltd., together with its subsidiaries, operates as a diversified consumer Internet company worldwide. The company operates in two segments, Marketplaces and Media. The Marketplaces segment offers Society6.com, which provides artists with an online commerce platform to feature and sell their original art and designs on consumer products in the home décor, accessories, and apparel categories; and Deny Designs, an artist-driven home décor brand.
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