Corton Capital Inc. Invests $214,000 in Blucora, Inc. (NASDAQ:BCOR)

Corton Capital Inc. bought a new stake in shares of Blucora, Inc. (NASDAQ:BCOR – Get Rating) in the 2nd quarter, Holdings Channel.com reports. The firm bought 11,593 shares of the information services provider’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BCOR. Delphia USA Inc. purchased a new stake in shares of Blucora in the 2nd quarter worth $235,000. Sei Investments Co. raised its stake in shares of Blucora by 15.6% in the second quarter. Sei Investments Co. now owns 58,386 shares of the information services provider’s stock worth $1,078,000 after buying an additional 7,867 shares during the period. Rothschild & Co. Asset Management US Inc. lifted its position in shares of Blucora by 1.1% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 275,285 shares of the information services provider’s stock valued at $5,082,000 after buying an additional 2,969 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Blucora during the 2nd quarter valued at approximately $833,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Blucora by 49.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 226,100 shares of the information services provider’s stock worth $4,174,000 after acquiring an additional 74,700 shares in the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of Blucora from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Barrington Research increased their target price on Blucora from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 1st.

Blucora Trading Down 2.0 %

Shares of Blucora stock opened at $23.58 on Friday. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.40. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 1.19 and a beta of 1.29. Blucora, Inc. has a twelve month low of $15.10 and a twelve month high of $27.50. The business has a 50-day moving average price of $22.45 and a 200-day moving average price of $20.39.

Blucora (NASDAQ:BCOR – Get Rating) last released its quarterly earnings data on Tuesday, November 1st. The information services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Blucora had a return on equity of 15.60% and a net margin of 3.12%. During the same period in the prior year, the company posted ($0.36) earnings per share. Equities research analysts anticipate that Blucora, Inc. will post 1.35 EPS for the current fiscal year.

Insider Activity at Blucora

In other Blucora news, Director Kanayalal Amritlal Kotecha acquired 5,000 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was acquired at an average cost of $23.73 per share, with a total value of $118,650.00. Following the purchase, the director now directly owns 19,952 shares of the company’s stock, valued at approximately $473,460.96. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.35% of the stock is owned by insiders.

About Blucora

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Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and certified public accounting firms in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.