MAM Software Group Inc. (NASDAQ:MAMS) Director William Austin Iv Lewis sold 122,000 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $7.50, for a total transaction of $915,000.00. Following the completion of the sale, the director now directly owns 606,441 shares in the company, valued at approximately $4,548,307.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
MAM Software Group stock opened at $7.70 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.05 and a current ratio of 1.07. The company has a market cap of $97.39 million, a P/E ratio of 24.16 and a beta of -0.14. MAM Software Group Inc. has a 1-year low of $6.62 and a 1-year high of $9.42.
MAM Software Group (NASDAQ:MAMS) last posted its earnings results on Friday, September 14th. The technology company reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. The business had revenue of $9.53 million for the quarter, compared to analyst estimates of $9.26 million. MAM Software Group had a net margin of 8.97% and a return on equity of 32.08%. research analysts expect that MAM Software Group Inc. will post 0.3 EPS for the current year.
Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of MAM Software Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. ValuEngine lowered shares of MAM Software Group from a “buy” rating to a “hold” rating in a report on Monday, September 17th. Finally, B. Riley reaffirmed a “neutral” rating and set a $9.25 target price (up previously from $8.50) on shares of MAM Software Group in a report on Thursday, September 13th.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in MAM Software Group by 345.8% during the 2nd quarter. BlackRock Inc. now owns 20,152 shares of the technology company’s stock worth $173,000 after acquiring an additional 15,632 shares during the period. Renaissance Technologies LLC bought a new stake in MAM Software Group during the 2nd quarter worth approximately $296,000. Bandera Partners LLC bought a new stake in MAM Software Group during the 2nd quarter worth approximately $1,755,000. Finally, Cove Street Capital LLC increased its holdings in MAM Software Group by 19.1% during the 1st quarter. Cove Street Capital LLC now owns 746,359 shares of the technology company’s stock worth $5,845,000 after acquiring an additional 119,573 shares during the period. 37.86% of the stock is currently owned by institutional investors and hedge funds.
About MAM Software Group
MAM Software Group, Inc, through its subsidiaries, provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the United States, Canada, the United Kingdom, and Ireland. It provides business management systems, including its proprietary software applications, implementation and training, and third-party hardware and peripherals; information products, such as an accessible catalog database related to parts, tires, labor estimates, scheduled maintenance, repair information, technical service bulletins, pricing, and product features and benefits; e-commerce and online services and products that connect manufacturers, warehouse distributors, retailers, and automotive service providers through the Internet; and customer support and consulting services comprising phone and online support, and implementation and training services.
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