EAM Investors LLC bought a new position in Fusion Telecommunications International, Inc. (NASDAQ:FSNN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 211,567 shares of the Wireless communications provider’s stock, valued at approximately $575,000. EAM Investors LLC owned 0.94% of Fusion Telecommunications International at the end of the most recent quarter.

Separately, B. Riley Financial Inc. bought a new stake in Fusion Telecommunications International during the 2nd quarter worth about $145,000. 30.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) opened at $3.25 on Friday. The company has a debt-to-equity ratio of 165.01, a current ratio of 0.56 and a quick ratio of 0.56. Fusion Telecommunications International, Inc. has a 52-week low of $1.11 and a 52-week high of $3.57.

Several equities research analysts have commented on the stock. B. Riley reissued a “buy” rating and set a $3.00 price target on shares of Fusion Telecommunications International in a research report on Tuesday, August 29th. ValuEngine cut shares of Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Fusion Telecommunications International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Craig Hallum reissued a “buy” rating and set a $5.00 price target (up from $3.00) on shares of Fusion Telecommunications International in a research report on Wednesday, August 30th.

In other news, major shareholder Unterberg Capital Llc sold 745,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $2.12, for a total value of $1,579,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Asa Apptix sold 699,755 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $2.75, for a total transaction of $1,924,326.25. Following the completion of the sale, the insider now directly owns 2,510,012 shares in the company, valued at $6,902,533. The disclosure for this sale can be found here. Insiders have sold a total of 3,204,017 shares of company stock worth $8,786,629 over the last three months. Insiders own 19.10% of the company’s stock.

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Fusion Telecommunications International Company Profile

Fusion Telecommunications International, Inc is a United States-based provider of integrated cloud solutions, including cloud voice, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based applications to businesses, and voice over Internet Protocol (VoIP)-based voice services to carriers.

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Institutional Ownership by Quarter for Fusion Telecommunications International (NASDAQ:FSNN)

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