Tieton Capital Management LLC lowered its position in Fluent, Inc. (NASDAQ:FLNT – Free Report) by 3.9% during the third quarter, Holdings Channel reports. The institutional investor owned 4,429,403 shares of the company’s stock after selling 178,606 shares during the quarter. Fluent comprises approximately 1.2% of Tieton Capital Management LLC’s investment portfolio, making the stock its 27th largest holding. Tieton Capital Management LLC owned approximately 0.05% of Fluent worth $1,967,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Salvus Wealth Management LLC purchased a new position in shares of Fluent in the 3rd quarter worth approximately $25,000. Cox Capital Mgt LLC acquired a new stake in Fluent during the 3rd quarter valued at approximately $74,000. Geode Capital Management LLC lifted its stake in Fluent by 19.1% during the 2nd quarter. Geode Capital Management LLC now owns 534,843 shares of the company’s stock valued at $335,000 after acquiring an additional 85,612 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Fluent during the 2nd quarter valued at approximately $40,000. Finally, EA Series Trust acquired a new stake in Fluent during the 2nd quarter valued at approximately $151,000. Hedge funds and other institutional investors own 23.41% of the company’s stock.
Fluent Stock Performance
Shares of NASDAQ FLNT opened at $0.66 on Thursday. Fluent, Inc. has a 12 month low of $0.39 and a 12 month high of $1.81. The company has a 50 day simple moving average of $0.60 and a two-hundred day simple moving average of $0.59.
Analyst Ratings Changes
Several analysts have commented on the stock. StockNews.com assumed coverage on shares of Fluent in a research note on Friday, January 12th. They set a “hold” rating for the company. Canaccord Genuity Group restated a “hold” rating and set a $2.00 price objective (down from $3.00) on shares of Fluent in a research note on Wednesday, November 15th.
Fluent, Inc provides data-driven digital marketing services primarily in the United States. The company operates through Fluent and All Other segments. It offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers.
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