Insider Buying: Professional Diversity Network, Inc. (IPDN) Insider Acquires 6,490 Shares of Stock
Professional Diversity Network, Inc. (NASDAQ:IPDN) insider Jingbo Song purchased 6,490 shares of Professional Diversity Network stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average price of $5.98 per share, with a total value of $38,810.20. Following the transaction, the insider now owns 3,000 shares in the company, valued at approximately $17,940. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Professional Diversity Network, Inc. (IPDN) traded down 4.01% during midday trading on Friday, hitting $5.26. 12,946 shares of the company traded hands. Professional Diversity Network, Inc. has a 12-month low of $3.74 and a 12-month high of $13.90. The stock’s 50-day moving average is $5.03 and its 200 day moving average is $7.80. The stock’s market capitalization is $20.60 million.
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Separately, ValuEngine downgraded shares of Professional Diversity Network from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.
A hedge fund recently raised its stake in Professional Diversity Network stock. North Star Investment Management Corp. boosted its position in shares of Professional Diversity Network, Inc. (NASDAQ:IPDN) by 3.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,054 shares of the information services provider’s stock after purchasing an additional 2,745 shares during the quarter. North Star Investment Management Corp. owned 2.04% of Professional Diversity Network worth $551,000 as of its most recent SEC filing. 4.85% of the stock is currently owned by institutional investors and hedge funds.
About Professional Diversity Network
Professional Diversity Network, Inc is an operator of professional networks with a focus on diversity. The Company serves various communities, including Women, Hispanic-Americans, African-Americans, Asian-Americans, Disabled, Military Professionals, and Lesbian, Gay, Bisexual and Transgender (LGBT). The Company’s segments include Professional Diversity Network (PDN Network), which includes online professional networking communities with career resources for the needs of various diverse cultural groups; National Association of Professional Women (NAPW Network), a women-only professional networking organization, and Noble Voice operations (Noble Voice), a career consultation and lead generation service.
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