Glu Mobile Inc. (GLUU) Director Sells $56,262,892.00 in Stock
Glu Mobile Inc. (NASDAQ:GLUU) Director Holdings Ltd Tencent sold 7,259,728 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $7.75, for a total value of $56,262,892.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NASDAQ GLUU traded down $0.05 during mid-day trading on Tuesday, hitting $7.84. 3,844,164 shares of the company traded hands, compared to its average volume of 2,500,240. Glu Mobile Inc. has a 1 year low of $5.08 and a 1 year high of $11.75. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -98.00, a P/E/G ratio of 2.83 and a beta of 1.03. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.16.
Glu Mobile (NASDAQ:GLUU) last announced its earnings results on Monday, May 6th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $92.60 million during the quarter, compared to the consensus estimate of $89.74 million. Glu Mobile had a negative return on equity of 0.92% and a negative net margin of 1.40%. Glu Mobile’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) earnings per share. As a group, sell-side analysts expect that Glu Mobile Inc. will post 0.19 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of GLUU. Handelsbanken Fonder AB grew its holdings in Glu Mobile by 26.9% in the 4th quarter. Handelsbanken Fonder AB now owns 1,650,000 shares of the company’s stock valued at $13,316,000 after buying an additional 350,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Glu Mobile by 79.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,752 shares of the company’s stock worth $71,000 after acquiring an additional 3,870 shares during the period. Rhumbline Advisers lifted its position in shares of Glu Mobile by 48.5% in the 4th quarter. Rhumbline Advisers now owns 147,652 shares of the company’s stock worth $1,192,000 after acquiring an additional 48,227 shares during the period. Cipher Capital LP lifted its position in shares of Glu Mobile by 219.5% in the 4th quarter. Cipher Capital LP now owns 49,721 shares of the company’s stock worth $402,000 after acquiring an additional 34,157 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Glu Mobile by 50.9% in the 4th quarter. Two Sigma Advisers LP now owns 322,802 shares of the company’s stock worth $2,605,000 after acquiring an additional 108,900 shares during the period. 57.68% of the stock is currently owned by institutional investors and hedge funds.
About Glu Mobile
Glu Mobile Inc develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles primarily in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, Blood & Glory, Contract Killer, Cooking Dash, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, QuizUp, and Tap Sports.
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