Tower Research Capital LLC TRC Makes New Investment in Gaia Inc (NASDAQ:GAIA)

Tower Research Capital LLC TRC purchased a new position in Gaia Inc (NASDAQ:GAIA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,249 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in shares of Gaia in the third quarter valued at $117,000. California Public Employees Retirement System increased its position in Gaia by 5.8% during the 3rd quarter. California Public Employees Retirement System now owns 134,305 shares of the company’s stock worth $878,000 after purchasing an additional 7,400 shares in the last quarter. FNY Investment Advisers LLC increased its position in Gaia by 69.0% during the 3rd quarter. FNY Investment Advisers LLC now owns 8,081 shares of the company’s stock worth $52,000 after purchasing an additional 3,300 shares in the last quarter. Oldfield Partners LLP raised its stake in Gaia by 57.0% in the 3rd quarter. Oldfield Partners LLP now owns 70,841 shares of the company’s stock valued at $463,000 after purchasing an additional 25,718 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. acquired a new position in Gaia in the 3rd quarter valued at about $415,000. 45.54% of the stock is owned by institutional investors.

Several research firms have issued reports on GAIA. ValuEngine raised shares of Gaia from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Gaia from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

GAIA stock opened at $8.43 on Friday. The company has a 50 day moving average price of $7.94 and a two-hundred day moving average price of $7.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $154.98 million, a P/E ratio of -4.30 and a beta of 1.18. Gaia Inc has a one year low of $5.50 and a one year high of $13.14.

Gaia (NASDAQ:GAIA) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.04. Gaia had a negative return on equity of 34.55% and a negative net margin of 51.13%. The company had revenue of $13.66 million for the quarter, compared to analyst estimates of $13.66 million. Research analysts forecast that Gaia Inc will post -1.04 earnings per share for the current fiscal year.

About Gaia

Gaia, Inc operates a digital video subscription service and online community that caters underserved subscriber base worldwide. The company has a digital content library of approximately 8,000 titles available to its subscribers on Internet-connected devices. Its subscribers have access to a library of films, documentaries, interviews, yoga classes, transformation related content, and others for digital streaming.

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Institutional Ownership by Quarter for Gaia (NASDAQ:GAIA)

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