Insider Buying: MAM Software Group, Inc. (MAMS) Major Shareholder Purchases 17,172 Shares of Stock
MAM Software Group, Inc. (NASDAQ:MAMS) major shareholder Wynnefield Partners Small Cap bought 17,172 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were purchased at an average cost of $6.15 per share, with a total value of $105,607.80. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Wynnefield Partners Small Cap also recently made the following trade(s):
- On Friday, June 2nd, Wynnefield Partners Small Cap bought 2,828 shares of MAM Software Group stock. The shares were purchased at an average cost of $6.15 per share, with a total value of $17,392.20.
Shares of MAM Software Group, Inc. (NASDAQ MAMS) traded up 0.000% during trading on Wednesday, reaching $6.207. 57 shares of the company were exchanged. The stock has a market capitalization of $76.15 million, a PE ratio of 21.112 and a beta of 0.08. MAM Software Group, Inc. has a one year low of $5.21 and a one year high of $7.77. The stock has a 50-day moving average price of $6.22 and a 200-day moving average price of $6.37.
MAM Software Group (NASDAQ:MAMS) last released its quarterly earnings data on Monday, May 15th. The technology company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. MAM Software Group had a return on equity of 59.94% and a net margin of 11.13%. The business had revenue of $7.87 million for the quarter, compared to analyst estimates of $7.97 million. Analysts forecast that MAM Software Group, Inc. will post $0.23 EPS for the current year.
A hedge fund recently bought a new stake in MAM Software Group stock. Wynnefield Capital Inc. acquired a new stake in MAM Software Group, Inc. (NASDAQ:MAMS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,258,369 shares of the technology company’s stock, valued at approximately $21,049,000. MAM Software Group comprises 7.6% of Wynnefield Capital Inc.’s holdings, making the stock its 4th largest position. Wynnefield Capital Inc. owned about 26.66% of MAM Software Group at the end of the most recent quarter. 30.96% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on MAMS shares. Zacks Investment Research raised shares of MAM Software Group from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research note on Thursday, May 18th. B. Riley reissued a “neutral” rating and set a $6.00 target price on shares of MAM Software Group in a research note on Saturday, May 20th.
About MAM Software Group
MAM Software Group, Inc (MAM) is a technology holding company. The Company is a provider of cloud-based business and on premise management solutions for the auto parts, tires and vertical distribution industries. Its segments include MAM UK and MAM NA. It operates through three subsidiaries: MAM Software, Inc (MAM NA), MAM Software Limited (MAM Ltd.) and Origin Software Solutions Ltd.
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