Insider Buying: Spark Networks major shareholder Acquires 73,588 Shares of Stock (LOV)
Spark Networks (NYSE:LOV) major shareholder 402 Capital Llc acquired 73,588 shares of Spark Networks stock on the open market in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $5.65 per share, for a total transaction of $415,772.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Spark Networks (NYSE:LOV) traded down 0.18% during mid-day trading on Friday, hitting $5.64. 159,378 shares of the company’s stock traded hands. Spark Networks has a 1-year low of $5.29 and a 1-year high of $9.27. The stock’s 50-day moving average is $6.03 and its 200-day moving average is $6.90. The company’s market cap is $134.9 million.
Spark Networks, Inc is a provider of online personals services in the United States and internationally.
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