The New William C. Martin’s Raging Capital Management Holding in Thestreet, Inc
Raging Capital Management filed with the SEC SC 13D/A form for Thestreet, Inc. The form can be accessed here: 000092189516005986. As reported in William C. Martin’s Raging Capital Management’s form, the filler as of late owns 8.3% or 2,926,082 shares of the Information Technology–company.
Thestreet, Inc stake is a new one for the for the hedge fund and it was filed because of activity on October 31, 2016. We feel this shows William C. Martin’s Raging Capital Management’s positive view for the stock. For a hedge fund managing $631.31 million in assets and having 7+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of William C. Martin’s Raging Capital Management’s US equities portfolio is in this sector.
Thestreet, Inc Institutional Sentiment
Latest Security and Exchange filings show 37 investors own Thestreet, Inc. The institutional ownership in Q3 2015 is low, at 59.52% of the outstanding shares. This is decreased by 44755 the total institutional shares. 20980237 were the shares owned by these institutional investors. In total 0 funds opened new Thestreet, Inc stakes, 13 increased stakes. There were 4 that closed positions and 8 reduced them.
Jeffrey Moskowitz Harvey Partners Llc is an institutional investor bullish on Thestreet, Inc, owning 1285000 shares as of Q3 2015 for 1.33% of its portfolio. William C. Martin Raging Capital Management Llc owns 2944578 shares or 0.65% of its portfolio. NY Bandera Partners Llc have 0.46% of their stock portfolio for 469178 shares. Further, Cannell Capital Llc reported stake worth 1.83% of its US stock portfolio. The MN Punch & Associates Investment Management Inc owns 1814850 shares. Thestreet, Inc is 0.41% of the manager’s US portfolio.
TheStreet, Inc. (TheStreet) is a digital financial media company focused on the financial, and mergers and acquisitions environment. The Company’s collection of digital services provides users, subscribers and advertisers with a range of content and tools through a range of online, social media, tablet and mobile channels. With a suite of digital services, TheStreet offers the tools and insights needed to make informed decisions about earning, investing, saving and spending money. TheStreet provides interactive multimedia coverage of the financial markets, economy, industry trends, investment and financial planning. Its subscription products are designed to address the needs of investors with various areas of interest, including fledgling investors, day and swing traders, and fundamental, technical and options traders. Its RateWatch business publishes bank rate market information on a subscription basis to financial institutions and government agencies.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
William C. Martin’s Raging Capital Management website.
Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.33, from 0.56 in 2016Q1. The ratio improved, as 2 funds sold all TheStreet, Inc. shares owned while 7 reduced positions. 1 funds bought stakes while 7 increased positions. They now own 20.57 million shares or 0.55% less from 20.68 million shares in 2016Q1.
The Maryland-based Brown Advisory Inc has invested 0% in TheStreet, Inc. (NASDAQ:TST). Blackrock Fund holds 0% or 103,927 shares in its portfolio. Morgan Stanley has 0% invested in the company for 25 shares. Jacobs Levy Equity Mngmt holds 0% of its portfolio in TheStreet, Inc. (NASDAQ:TST) for 24,600 shares. Geode Capital Ltd Company has 103,746 shares for 0% of their US portfolio. Tower Rech Ltd (Trc) holds 0% or 600 shares in its portfolio. Moreover, Spark Inv Management Ltd Llc has 0% invested in TheStreet, Inc. (NASDAQ:TST) for 40,900 shares. Nationwide Fund Advisors accumulated 0% or 8,732 shares. Punch Associate Management, a Minnesota-based fund reported 1.85 million shares. Dimensional Fund Advsr Ltd Partnership last reported 1.62M shares in the company. Renaissance Technology Ltd Company last reported 0% of its portfolio in the stock. Blackrock Advisors Ltd last reported 0% of its portfolio in the stock. Commercial Bank Of America De has invested 0% of its portfolio in TheStreet, Inc. (NASDAQ:TST). Bandera Prtn Limited Liability Corporation has invested 0.35% of its portfolio in TheStreet, Inc. (NASDAQ:TST). Vanguard Grp Inc holds 0% of its portfolio in TheStreet, Inc. (NASDAQ:TST) for 923,086 shares.
Insider Transactions: Since May 10, 2016, the stock had 13 insider purchases, and 0 insider sales for $249,021 net activity. CRAMER JAMES J had bought 25,100 shares worth $30,858 on Tuesday, August 9. 1,000 shares were bought by Espy Bowers W, worth $1,160 on Friday, September 2. KRAMER LAWRENCE S also bought $28,345 worth of TheStreet, Inc. (NASDAQ:TST) on Friday, May 20. Lundberg Eric F bought $11,550 worth of stock or 10,000 shares. FAY SARAH ANN had bought 16,250 shares worth $19,988.
The stock increased 0.20% or $0.002 on November 2, hitting $0.99. About 195,723 shares traded hands or 224.73% up from the average. TheStreet, Inc. (NASDAQ:TST) has declined 21.77% since March 31, 2016 and is downtrending. It has underperformed by 24.30% the S&P500.
TheStreet, Inc. is a digital financial media firm focused on the financial, and mergers and acquisitions environment. The company has a market cap of $32.24 million. The Company’s collection of digital services provides users, subscribers and advertisers with a range of content and tools through a range of online, social media, tablet and mobile channels. It currently has negative earnings. With a suite of digital services, TheStreet offers the tools and insights needed to make informed decisions about earning, investing, saving and spending money.
More recent TheStreet, Inc. (NASDAQ:TST) news were published by: Prnewswire.com which released: “TheStreet, Inc. to Announce Fiscal 2016 Third Quarter Financial Results on …” on October 26, 2016. Also Prnewswire.com published the news titled: “TheStreet, Inc. Appoints Jeff Davis As President, Institutional Services” on October 31, 2016. Prnewswire.com‘s news article titled: “TheStreet Partners with Amazon; Content Now Available on Alexa” with publication date: October 05, 2016 was also an interesting one.
According to Zacks Investment Research, “TheStreet.com, Inc. is a leading web-based provider of original, timely, comprehensive and trustworthy financial news, commentary and information aimed at helping readers make informed investment decisions. TheStreet.com combines the most important qualities of traditional print journalism –accuracy, intelligence, fairness and wit–with the web’s advantages as a financial news medium–timeliness, interactivity and global distribution.”
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