Fondren Management LP grew its holdings in Monotype Imaging Holdings Inc. (NASDAQ:TYPE) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 851,137 shares of the software maker’s stock after acquiring an additional 75,830 shares during the quarter. Monotype Imaging accounts for 14.4% of Fondren Management LP’s portfolio, making the stock its 3rd largest holding. Fondren Management LP owned approximately 2.04% of Monotype Imaging worth $20,512,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. acquired a new position in shares of Monotype Imaging in the fourth quarter valued at $200,000. Aperio Group LLC acquired a new position in shares of Monotype Imaging in the fourth quarter valued at $202,000. Levin Capital Strategies L.P. acquired a new position in shares of Monotype Imaging in the fourth quarter valued at $205,000. BlueCrest Capital Management Ltd acquired a new position in shares of Monotype Imaging in the fourth quarter valued at $213,000. Finally, Global Endowment Management LP acquired a new position in shares of Monotype Imaging in the fourth quarter valued at $282,000. 93.41% of the stock is owned by institutional investors.
In other news, CAO Janet M. Dunlap sold 2,000 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the sale, the chief accounting officer now directly owns 90,008 shares in the company, valued at $2,250,200. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Janet M. Dunlap sold 1,187 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $25.00, for a total value of $29,675.00. Following the completion of the sale, the chief accounting officer now owns 88,821 shares of the company’s stock, valued at $2,220,525. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
Monotype Imaging Holdings Inc. (NASDAQ TYPE) opened at $24.45 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.26. Monotype Imaging Holdings Inc. has a 12 month low of $15.75 and a 12 month high of $26.75. The stock has a market capitalization of $1,030.70, a price-to-earnings ratio of 52.77, a price-to-earnings-growth ratio of 3.31 and a beta of 0.83.
Monotype Imaging (NASDAQ:TYPE) last released its quarterly earnings data on Friday, February 16th. The software maker reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.31. Monotype Imaging had a return on equity of 6.10% and a net margin of 4.90%. The firm had revenue of $65.02 million during the quarter, compared to analyst estimates of $62.45 million. During the same period in the prior year, the company posted $0.12 earnings per share. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. equities analysts anticipate that Monotype Imaging Holdings Inc. will post 0.5 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Monday, April 2nd will be paid a dividend of $0.116 per share. This is a positive change from Monotype Imaging’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a yield of 1.90%. The ex-dividend date is Thursday, March 29th. Monotype Imaging’s dividend payout ratio is currently 166.67%.
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About Monotype Imaging
Monotype Imaging Holdings Inc is engaged in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. It organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM).
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