Zedge, Inc. (NYSEAMERICAN:ZDGE) Shares Sold by Kahn Brothers Group Inc.

Kahn Brothers Group Inc. lowered its stake in Zedge, Inc. (NYSEAMERICAN:ZDGE) by 19.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 89,065 shares of the company’s stock after selling 21,083 shares during the quarter. Kahn Brothers Group Inc. owned about 0.65% of Zedge worth $261,000 as of its most recent filing with the SEC.

Separately, Jane Street Group LLC purchased a new position in Zedge in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 29.37% of the company’s stock.

Zedge Stock Down 2.5 %

NYSEAMERICAN ZDGE opened at $2.31 on Friday. The company has a market cap of $31.46 million, a P/E ratio of -3.45 and a beta of 1.25. Zedge, Inc. has a 12 month low of $1.73 and a 12 month high of $4.37. The company’s fifty day moving average is $2.22.

Zedge Profile

Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.