Alpine Group USVI LLC Invests $1.53 Million in Finjan Holdings Inc (NASDAQ:FNJN)

Alpine Group USVI LLC bought a new position in Finjan Holdings Inc (NASDAQ:FNJN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 766,943 shares of the software maker’s stock, valued at approximately $1,534,000. Finjan comprises 0.4% of Alpine Group USVI LLC’s investment portfolio, making the stock its 29th largest position. Alpine Group USVI LLC owned about 2.78% of Finjan as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Shufro Rose & Co. LLC grew its holdings in shares of Finjan by 23.3% in the second quarter. Shufro Rose & Co. LLC now owns 26,500 shares of the software maker’s stock worth $59,000 after purchasing an additional 5,000 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Finjan by 15.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 57,850 shares of the software maker’s stock worth $128,000 after purchasing an additional 7,800 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Finjan by 101.0% in the second quarter. BlackRock Inc. now owns 100,804 shares of the software maker’s stock worth $224,000 after purchasing an additional 50,657 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Finjan by 36.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 137,660 shares of the software maker’s stock worth $306,000 after purchasing an additional 36,580 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Finjan in the second quarter valued at $493,000. Hedge funds and other institutional investors own 54.44% of the company’s stock.

Several analysts recently weighed in on FNJN shares. TheStreet cut shares of Finjan from a “c+” rating to a “d+” rating in a report on Friday, August 30th. B. Riley set a $5.00 price target on shares of Finjan and gave the company a “buy” rating in a report on Wednesday, July 31st. Zacks Investment Research cut shares of Finjan from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, ValuEngine upgraded shares of Finjan from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $3.75.

NASDAQ:FNJN traded up $0.01 during trading hours on Friday, hitting $2.05. The company had a trading volume of 200 shares, compared to its average volume of 45,191. The company has a market capitalization of $55.53 million, a PE ratio of 2.93 and a beta of 0.32. The stock has a 50-day moving average price of $1.91 and a 200 day moving average price of $2.38. Finjan Holdings Inc has a 52 week low of $1.71 and a 52 week high of $5.02. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.74 and a quick ratio of 4.74.

Finjan (NASDAQ:FNJN) last released its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.07) earnings per share for the quarter. The company had revenue of $7.25 million for the quarter, compared to analyst estimates of $7.25 million. Analysts anticipate that Finjan Holdings Inc will post 0.05 EPS for the current fiscal year.

Finjan Profile

Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, Trojans, and other Web and network threats.

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Institutional Ownership by Quarter for Finjan (NASDAQ:FNJN)

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