Amalgamated Bank lifted its holdings in shares of LogMeIn Inc (NASDAQ:LOGM) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,755 shares of the software maker’s stock after buying an additional 578 shares during the period. Amalgamated Bank’s holdings in LogMeIn were worth $1,231,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Bray Capital Advisors purchased a new position in shares of LogMeIn during the 4th quarter worth approximately $204,000. C M Bidwell & Associates Ltd. purchased a new position in shares of LogMeIn during the 4th quarter worth approximately $206,000. Stephens Inc. AR purchased a new position in shares of LogMeIn during the 3rd quarter worth approximately $202,000. Turner Investments LLC purchased a new position in shares of LogMeIn during the 3rd quarter worth approximately $275,000. Finally, E&G Advisors LP purchased a new position in shares of LogMeIn during the 4th quarter worth approximately $309,000. 99.23% of the stock is owned by institutional investors and hedge funds.
LogMeIn Inc (NASDAQ:LOGM) opened at $127.75 on Tuesday. LogMeIn Inc has a one year low of $92.72 and a one year high of $134.80. The firm has a market capitalization of $6,700.00, a P/E ratio of 709.72, a P/E/G ratio of 1.80 and a beta of 1.41.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were given a dividend of $0.30 per share. This is an increase from LogMeIn’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.20 annualized dividend and a yield of 0.94%. LogMeIn’s dividend payout ratio (DPR) is presently 666.67%.
Several equities analysts recently weighed in on LOGM shares. Zacks Investment Research downgraded LogMeIn from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. BidaskClub raised LogMeIn from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. Needham & Company LLC dropped their price objective on LogMeIn from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, December 20th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of LogMeIn in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. LogMeIn presently has a consensus rating of “Buy” and a consensus price target of $137.63.
LogMeIn Company Profile
LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.
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