Insider Buying: FORM Holdings Corp. (FH) CEO Buys 10,000 Shares of Stock
FORM Holdings Corp. (NYSE:FH) CEO Andrew D. Perlman bought 10,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were acquired at an average price of $1.36 per share, with a total value of $13,600.00. Following the completion of the purchase, the chief executive officer now directly owns 418,578 shares of the company’s stock, valued at $569,266.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
FORM Holdings Corp. (NYSE:FH) traded up 2.27% during midday trading on Friday, reaching $1.35. The company’s stock had a trading volume of 21,358 shares. The company’s market cap is $35.75 million. The stock has a 50-day moving average price of $1.20 and a 200 day moving average price of $1.66. FORM Holdings Corp. has a 12 month low of $1.11 and a 12 month high of $4.05.
FORM Holdings Corp. (NYSE:FH) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.15). The business had revenue of $16.38 million for the quarter. Analysts expect that FORM Holdings Corp. will post ($0.76) earnings per share for the current fiscal year.
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An institutional investor recently raised its position in FORM Holdings Corp. stock. Manatuck Hill Partners LLC raised its position in FORM Holdings Corp. (NYSE:FH) by 25.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Manatuck Hill Partners LLC owned 0.64% of FORM Holdings Corp. worth $206,000 at the end of the most recent reporting period.
Separately, Roth Capital started coverage on FORM Holdings Corp. in a research note on Tuesday, August 8th. They set a “buy” rating and a $3.00 target price for the company.
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