The New Edenbrook Capital Holding in Marchex Inc
Edenbrook Capital filed with the SEC SC 13D/A form for Marchex Inc. The form can be accessed here: 000091957416016683. As reported in Edenbrook Capital’s form, the filler as of late owns 7.01% or 2,670,444 shares of the Information Technology–company.
Marchex Inc stake is a new one for the and it was filed because of activity on November 14, 2016. We feel this shows Edenbrook Capital’s positive view for the stock.
Reasons Why Edenbrook Capital Bought – Marchex Inc Stock
Purpose of Transaction
The Reporting Persons hold the securities described in Item 5 of this statement for investment purposes only.
No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D except as set forth herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, making proposals to the Issuer concerning changes to the capitalization, ownership structure or operations of the Issuer, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares or changing their intention with respect to any and all matters referred to in Item 4.
Marchex Inc Institutional Sentiment
Latest Security and Exchange filings show 86 investors own Marchex Inc. The institutional ownership in Q3 2015 is high, at 60.89% of the outstanding shares. This is decreased by 525078 the total institutional shares. 23198565 were the shares owned by these institutional investors. In total 4 funds opened new Marchex Inc stakes, 32 increased stakes. There were 15 that closed positions and 38 reduced them.
2 managers had the stock in their top Ten. Notable investors are: Archon Capital Management Llc, P.A.W. Capital Corp..
Phil Frohlich Prescott Group Capital Management Llc is an institutional investor bullish on Marchex Inc, owning 1480425 shares as of Q3 2015 for 1.44% of its portfolio. Peter A. Wright P-A-W Capital Corp owns 600000 shares or 2.77% of its portfolio. OH Winslow Asset Management Inc have 1.34% of their stock portfolio for 1673702 shares. Further, Archon Capital Management Llc reported stake worth 7.60% of its US stock portfolio. The TX Eagle Global Advisors Llc owns 58472 shares. Marchex Inc is 0.01% of the manager’s US portfolio.
Marchex, Inc. is an advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. The Company’s media analytics products connect call data to media channels, including search and display – down to the campaign, keyword and impression. Its sales analytics products deliver actionable intelligence on the offline consumer journey to help prospects become customers. The Company’s product offerings include Marchex Call Analytics, Marchex Call Analytics for Search, Marchex Display Analytics, Marchex Call Marketplace and Local Leads. Marchex Call Analytics is an analytics platform for enterprises that depend on inbound phone calls to drive sales, appointments and reservations. Marchex Call Analytics for Search is a product for search marketers that drive phone calls from search campaigns. Marchex Display Analytics is a product for marketers that buy digital display advertising.
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.
Insitutional Activity: The institutional sentiment increased to 1.08 in Q2 2016. Its up 0.24, from 0.84 in 2016Q1. The ratio improved, as 16 funds sold all Marchex, Inc. shares owned while 22 reduced positions. 14 funds bought stakes while 27 increased positions. They now own 22.46 million shares or 2.29% less from 22.99 million shares in 2016Q1.
Paw Capital Corporation has 1.10M shares for 4% of their US portfolio. The New York-based Two Sigma Securities Limited Company has invested 0.02% in Marchex, Inc. (NASDAQ:MCHX). Moreover, California State Teachers Retirement Systems has 0% invested in Marchex, Inc. (NASDAQ:MCHX) for 70,117 shares. Tudor Invest Corporation Et Al holds 35,900 shares or 0% of its portfolio. Wells Fargo And Mn accumulated 0% or 136,082 shares. Royal Comml Bank Of Canada last reported 2,195 shares in the company. Renaissance Ltd Liability Company last reported 0.01% of its portfolio in the stock. Springbok Lc, a New York-based fund reported 4,381 shares. Group holds 0% or 19,234 shares in its portfolio. Spark Inv Mgmt Ltd Liability has 0% invested in the company for 16,600 shares. Moreover, Coe Cap Mngmt Ltd Co has 0% invested in Marchex, Inc. (NASDAQ:MCHX) for 64,541 shares. Arcadia Investment Corp Mi, a Michigan-based fund reported 4,900 shares. Pnc Fincl Service Group Inc Incorporated has 200,365 shares for 0% of their US portfolio. Moreover, Penbrook Management Ltd Limited Liability Company has 0.36% invested in Marchex, Inc. (NASDAQ:MCHX) for 102,350 shares. Archon Mgmt Ltd Liability Corp reported 2.15M shares or 8.21% of all its holdings.
Insider Transactions: Since November 3, 2016, the stock had 1 insider buy, and 0 selling transactions for $27,890 net activity. PRESCOTT GROUP CAPITAL MANAGEMENT – L.L.C. also bought $27,890 worth of Marchex, Inc. (NASDAQ:MCHX) shares.
The stock decreased 5.26% or $0.15 during the last trading session, hitting $2.7. Marchex, Inc. (NASDAQ:MCHX) has declined 36.92% since April 13, 2016 and is downtrending. It has underperformed by 40.84% the S&P500.
Marchex, Inc. is an advertising analytics company. The company has a market cap of $124.85 million. The Firm offers services and products for enterprises that depend on consumer phone calls to drive sales. It currently has negative earnings. The Company’s media analytics products connect call data to media channels, including search and display – down to the campaign, keyword and impression.
Marchex, Inc. (NASDAQ:MCHX) Ratings Coverage
Out of 4 analysts covering Marchex (NASDAQ:MCHX), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $9 is the highest target while $5 is the lowest. The $6 average target is 122.22% above today’s ($2.7) stock price. Marchex has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. TH Capital initiated the stock with “Buy” rating in Tuesday, December 22 report. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 5. The firm has “Overweight” rating given on Friday, August 7 by Piper Jaffray. As per Friday, August 28, the company rating was maintained by Piper Jaffray. Roth Capital downgraded the shares of MCHX in a report on Wednesday, August 10 to “Neutral” rating. RBC Capital Markets maintained the shares of MCHX in a report on Friday, February 19 with “Outperform” rating. Roth Capital initiated Marchex, Inc. (NASDAQ:MCHX) rating on Tuesday, December 22. Roth Capital has “Buy” rating and $6 price target.
Another recent and important Marchex, Inc. (NASDAQ:MCHX) news was published by Equitiesfocus.com which published an article titled: “Marchex, Inc. (NASDAQ:MCHX) 50-day Moving Average At $2.62” on November 13, 2016.
According to Zacks Investment Research, “Marchex is a leading mobile and online advertising company that drives millions of consumers to connect with businesses over the phone, delivers the most quality phone calls in the industry, and provides in-depth analysis of those phone calls. Through their robust platform, they offer three critical components for businesses looking to acquire new customers through phone calls. Marchex Call Analytics offers ad campaign measurement and intelligence and their Digital Call Marketplace and Local Leads solutions are designed for advertisers focused on new customer acquisition. The Marchex platform drives, measures and monetizes millions of mobile and online connections through the phone to advertisers each month. Their Digital Call Marketplace combines exclusive and preferred relationships with leading mobile carriers and mobile application developers, such as AT&T, Verizon, and Sprint, with the analytics technology to constantly measure and optimize ad campaign results.”
MCHX Company Profile
Marchex, Inc., incorporated on January 17, 2003, is an advertising analytics company. The Firm offers services and products for enterprises that depend on consumer phone calls to drive sales. The Company’s media analytics products connect call data to media channels, including search and display – down to the campaign, keyword and impression. The Company’s sales analytics products deliver actionable intelligence on the offline consumer journey to help prospects become customers. The Company’s product offerings include Marchex Call Analytics, Marchex Call Analytics for Search, Marchex Display Analytics, Marchex Call Marketplace and Local Leads.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.