Harte Hanks (NASDAQ:HHS) Posts Earnings Results

Harte Hanks (NASDAQ:HHS) posted its earnings results on Friday. The business services provider reported ($0.67) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $37.98 million during the quarter. Harte Hanks had a negative net margin of 0.67% and a negative return on equity of 5.06%.

Harte Hanks Stock Performance

Harte Hanks stock traded up $1.48 during midday trading on Friday, hitting $4.29. 4,649,054 shares of the company’s stock were exchanged, compared to its average volume of 12,255. The stock has a market cap of $31.83 million, a price-to-earnings ratio of -30.64 and a beta of -0.03. Harte Hanks has a 12-month low of $2.00 and a 12-month high of $4.50. The firm’s 50 day simple moving average is $2.41 and its 200 day simple moving average is $2.62.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Harte Hanks in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Harte Hanks

Several hedge funds have recently made changes to their positions in HHS. Raffles Associates LP acquired a new position in Harte Hanks in the 2nd quarter valued at about $190,000. BlackRock Inc. acquired a new stake in Harte Hanks during the 2nd quarter worth approximately $41,000. Krilogy Financial LLC grew its stake in shares of Harte Hanks by 28.5% in the 1st quarter. Krilogy Financial LLC now owns 118,175 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 26,175 shares during the last quarter. Westerly Capital Management LLC grew its stake in shares of Harte Hanks by 1.3% in the 4th quarter. Westerly Capital Management LLC now owns 627,000 shares of the business services provider’s stock valued at $1,887,000 after purchasing an additional 8,000 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Harte Hanks by 41.0% in the fourth quarter. State Street Corp now owns 26,497 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 7,700 shares during the period. Institutional investors and hedge funds own 33.75% of the company’s stock.

About Harte Hanks

Harte-Hanks, Inc engages in the provision of marketing solutions. It specializes in consulting, data analytics, creative services, digital and social media, marketing strategy, marketing technology, and other related services. It supports a range of customers in the field of technology, travel and leisure, entertainment, pharmaceuticals, automotive, finance, and retail. The company was founded in 1923 and is headquartered in San Antonio, TX.