Parametric Portfolio Associates LLC grew its holdings in Glu Mobile Inc. (NASDAQ:GLUU) by 106.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,454 shares of the company’s stock after buying an additional 86,388 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.12% of Glu Mobile worth $419,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. California Public Employees Retirement System raised its holdings in Glu Mobile by 2.2% during the second quarter. California Public Employees Retirement System now owns 812,300 shares of the company’s stock worth $2,031,000 after purchasing an additional 17,600 shares during the last quarter. Northern Trust Corp raised its holdings in Glu Mobile by 1.8% during the second quarter. Northern Trust Corp now owns 1,142,605 shares of the company’s stock worth $2,857,000 after purchasing an additional 20,300 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Glu Mobile by 86.0% during the second quarter. GSA Capital Partners LLP now owns 351,800 shares of the company’s stock worth $880,000 after purchasing an additional 162,700 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in Glu Mobile during the second quarter worth $1,721,000. Finally, Ameriprise Financial Inc. acquired a new position in Glu Mobile during the second quarter worth $370,000. 35.24% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on GLUU. Roth Capital set a $4.00 price objective on Glu Mobile and gave the stock a “buy” rating in a report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Glu Mobile in a report on Thursday, September 7th. ValuEngine raised Glu Mobile from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Cowen Inc reaffirmed an “outperform” rating and set a $3.50 price objective (up from $3.00) on shares of Glu Mobile in a report on Wednesday, August 2nd. Finally, Wedbush reissued a “hold” rating on shares of Glu Mobile in a report on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $3.97.
Glu Mobile Inc. (GLUU) opened at $4.31 on Monday. Glu Mobile Inc. has a 1-year low of $1.85 and a 1-year high of $4.73. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03.
Glu Mobile (NASDAQ:GLUU) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). Glu Mobile had a negative return on equity of 24.77% and a negative net margin of 14.38%. The company had revenue of $81.10 million during the quarter, compared to analyst estimates of $80.67 million. During the same period last year, the firm earned ($0.33) earnings per share. The business’s revenue was up 57.8% compared to the same quarter last year. equities analysts anticipate that Glu Mobile Inc. will post -0.18 EPS for the current fiscal year.
In other news, Director Hany Nada sold 766,456 shares of Glu Mobile stock in a transaction on Monday, October 16th. The stock was sold at an average price of $4.51, for a total value of $3,456,716.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Eric R. Ludwig sold 33,000 shares of Glu Mobile stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $3.90, for a total value of $128,700.00. Following the completion of the sale, the chief operating officer now directly owns 72,000 shares of the company’s stock, valued at approximately $280,800. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,196,422 shares of company stock valued at $5,055,591. Insiders own 5.60% of the company’s stock.
About Glu Mobile
Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.
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