RealNetworks, Inc. (NASDAQ:RNWK – Get Rating), the principal shareholder of Mill Opportunity Fund Caldwell, acquired 23,741 shares in a transaction dated Tuesday, May 24. The shares were purchased at an average price of $0.60 per share, with a total value of $14,244.60. Following the completion of the purchase, the insider now directly owns 2,143,741 shares of the company, valued at approximately $1,286,244.60. The purchase was disclosed in a filing with the SEC, accessible via the SEC’s website. Major shareholders who own more than 10% of a company’s stock are required to disclose their sales and purchases to the SEC.
NASDAQ: RNWK traded down $0.01 during trading hours on Wednesday, hitting $0.62. 304,717 shares of the company were traded, against an average volume of 276,241. RealNetworks, Inc. has a 1-year low of $0.46 and a 1-year high of $2.80. The company has a market capitalization of $29.10 million, a price-earnings ratio of -1.76 and a beta of 1.51. The company has a 50-day moving average of $0.56 and a 200-day moving average of $0.80.
RealNetworks (NASDAQ:RNWK – Get Rating) last released its results on Wednesday, May 4. The technology company reported EPS ($0.11) for the quarter. RealNetworks had a negative return on equity of 33.51% and a negative net margin of 30.16%. The company had revenue of $13.28 million in the quarter.
Separately, StockNews.com began covering RealNetworks shares in a research note on Saturday. They set a “holding” rating for the company.
Several hedge funds and other institutional investors have recently changed their positions in the stock. CM Management LLC increased its stake in RealNetworks shares by 39.2% in the first quarter. CM Management LLC now owns 2,018,629 shares of the technology company valued at $1,171,000 after purchasing an additional 568,629 shares during the period. Renaissance Technologies LLC increased its stake in RealNetworks by 26.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,958,258 shares of the technology company valued at $1,919,000 after acquiring 409,386 additional shares last quarter. Pinnacle Wealth Management LLC bought a new position in RealNetworks during Q4, valued at approximately $1,028,000. AMH Equity Ltd bought a new position in RealNetworks during Q4, valued at around $980,000. Finally, Morgan Stanley increased its holdings of RealNetworks shares by 344.8% during the second quarter. Morgan Stanley now owns 420,586 shares of the technology company worth $980,000 after buying an additional 326,040 shares last quarter. Hedge funds and other institutional investors hold 23.74% of the company’s shares.
RealNetworks Company Profile (Get an assessment)
RealNetworks, Inc provides digital media software and services in the United States, Europe and worldwide. Its Consumer Media segment offers the RealPlayer media player, software that enables consumers to discover, play, download, manage and edit digital video, stream audio and video, download and play ‘save photos and videos from the web, upload and share content on social networks. , and edit their own photo and video content.
Receive daily news and reviews for RealNetworks – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for RealNetworks and related companies with MarketBeat.com’s free daily email newsletter.