Lyon Street Capital LLC acquired a new stake in shares of Glu Mobile Inc. (NASDAQ:GLUU) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 225,000 shares of the company’s stock, valued at approximately $563,000. Lyon Street Capital LLC owned about 0.17% of Glu Mobile at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of Glu Mobile by 125.4% during the first quarter. Goldman Sachs Group Inc. now owns 47,691 shares of the company’s stock valued at $108,000 after acquiring an additional 26,535 shares during the last quarter. Emerald Advisers Inc. PA bought a new position in shares of Glu Mobile during the second quarter valued at about $141,000. Voya Investment Management LLC raised its stake in shares of Glu Mobile by 19.2% during the second quarter. Voya Investment Management LLC now owns 56,969 shares of the company’s stock valued at $142,000 after acquiring an additional 9,186 shares during the last quarter. American International Group Inc. raised its stake in shares of Glu Mobile by 7.1% during the first quarter. American International Group Inc. now owns 63,380 shares of the company’s stock valued at $144,000 after acquiring an additional 4,196 shares during the last quarter. Finally, Capital Advisors Inc. OK raised its stake in shares of Glu Mobile by 43.3% during the second quarter. Capital Advisors Inc. OK now owns 65,900 shares of the company’s stock valued at $165,000 after acquiring an additional 19,900 shares during the last quarter. 35.14% of the stock is owned by hedge funds and other institutional investors.

GLUU has been the subject of several recent analyst reports. Roth Capital reaffirmed a “buy” rating and set a $3.75 price objective on shares of Glu Mobile in a research note on Wednesday, June 28th. Canaccord Genuity reaffirmed a “hold” rating and set a $3.00 price objective on shares of Glu Mobile in a research note on Friday, June 30th. Zacks Investment Research downgraded shares of Glu Mobile from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $2.80 price objective on shares of Glu Mobile in a research note on Monday, July 10th. Finally, BidaskClub raised shares of Glu Mobile from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Glu Mobile currently has a consensus rating of “Buy” and an average price target of $3.19.

Glu Mobile Inc. (NASDAQ GLUU) traded up 0.135% during trading on Friday, reaching $3.715. 559,143 shares of the company were exchanged. Glu Mobile Inc. has a 1-year low of $1.73 and a 1-year high of $3.83. The stock’s market capitalization is $503.06 million. The company’s 50-day moving average price is $3.55 and its 200-day moving average price is $2.80.

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In related news, COO Eric R. Ludwig sold 100,000 shares of Glu Mobile stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $3.75, for a total transaction of $375,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Eric R. Ludwig sold 25,000 shares of Glu Mobile stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $3.43, for a total transaction of $85,750.00. Following the sale, the chief operating officer now owns 82,000 shares of the company’s stock, valued at approximately $281,260. The disclosure for this sale can be found here. Insiders have sold a total of 174,000 shares of company stock valued at $613,630 in the last quarter. 5.60% of the stock is currently owned by company insiders.

About Glu Mobile

Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.

Institutional Ownership by Quarter for Glu Mobile (NASDAQ:GLUU)

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