Marchex, Inc. (NASDAQ:MCHX) major shareholder Edenbrook Capital, Llc bought 50,000 shares of Marchex stock in a transaction dated Friday, March 9th. The shares were bought at an average cost of $2.85 per share, for a total transaction of $142,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Edenbrook Capital, Llc also recently made the following trade(s):
- On Wednesday, February 28th, Edenbrook Capital, Llc bought 59,358 shares of Marchex stock. The shares were bought at an average cost of $3.20 per share, for a total transaction of $189,945.60.
- On Thursday, February 22nd, Edenbrook Capital, Llc bought 30,000 shares of Marchex stock. The shares were bought at an average cost of $3.24 per share, for a total transaction of $97,200.00.
- On Tuesday, February 20th, Edenbrook Capital, Llc bought 80,773 shares of Marchex stock. The shares were bought at an average cost of $3.23 per share, for a total transaction of $260,896.79.
- On Monday, February 5th, Edenbrook Capital, Llc bought 133,700 shares of Marchex stock. The shares were bought at an average cost of $3.35 per share, for a total transaction of $447,895.00.
Shares of Marchex, Inc. (NASDAQ:MCHX) traded down $0.09 during mid-day trading on Monday, reaching $2.84. 58,776 shares of the company traded hands, compared to its average volume of 100,185. Marchex, Inc. has a 12 month low of $2.51 and a 12 month high of $3.67.
The firm also recently disclosed a special dividend, which will be paid on Wednesday, March 21st. Investors of record on Thursday, March 8th will be issued a dividend of $0.50 per share. This is a positive change from Marchex’s previous special dividend of $0.14. The ex-dividend date is Wednesday, March 7th.
A number of equities analysts have recently commented on the stock. TheStreet raised shares of Marchex from a “d+” rating to a “c-” rating in a research report on Thursday, February 15th. Zacks Investment Research lowered shares of Marchex from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd.
A number of hedge funds have recently modified their holdings of MCHX. Vanguard Group Inc. increased its holdings in Marchex by 0.9% during the second quarter. Vanguard Group Inc. now owns 1,546,571 shares of the technology company’s stock valued at $4,608,000 after buying an additional 13,320 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Marchex by 19.2% in the second quarter. Parametric Portfolio Associates LLC now owns 34,889 shares of the technology company’s stock valued at $104,000 after acquiring an additional 5,629 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Marchex by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,309,609 shares of the technology company’s stock valued at $3,903,000 after acquiring an additional 101,478 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Marchex in the third quarter valued at approximately $202,000. Finally, Roumell Asset Management LLC boosted its stake in Marchex by 20.5% in the third quarter. Roumell Asset Management LLC now owns 1,439,270 shares of the technology company’s stock valued at $4,447,000 after acquiring an additional 245,220 shares in the last quarter. 46.20% of the stock is currently owned by institutional investors.
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Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.
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