Tieton Capital Management LLC Lowers Stake in Fluent, Inc. (NASDAQ:FLNT)

Tieton Capital Management LLC decreased its position in shares of Fluent, Inc. (NASDAQ:FLNT) by 80.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 848,698 shares of the company’s stock after selling 3,539,297 shares during the quarter. Fluent comprises 1.7% of Tieton Capital Management LLC’s holdings, making the stock its 24th biggest position. Tieton Capital Management LLC owned about 0.06% of Fluent worth $3,064,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Simplicity Wealth LLC acquired a new position in Fluent in the 1st quarter valued at $90,000. JB Capital Partners LP boosted its holdings in shares of Fluent by 3.1% during the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after purchasing an additional 150,150 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Fluent in the fourth quarter valued at $71,000. Empowered Funds LLC increased its stake in Fluent by 8.2% in the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after purchasing an additional 23,592 shares during the last quarter. Finally, Salvus Wealth Management LLC lifted its position in Fluent by 4.3% during the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock worth $55,000 after buying an additional 4,585 shares during the period. Institutional investors and hedge funds own 23.33% of the company’s stock.

Fluent Trading Up 3.4 %

Shares of FLNT opened at $2.74 on Tuesday. The stock’s fifty day simple moving average is $3.05 and its 200 day simple moving average is $3.22. Fluent, Inc. has a twelve month low of $2.31 and a twelve month high of $4.78. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $37.43 million, a P/E ratio of -0.92 and a beta of 2.24.

Fluent (NASDAQ:FLNT) last issued its earnings results on Monday, August 19th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.25). The firm had revenue of $58.72 million for the quarter, compared to analysts’ expectations of $61.61 million. Fluent had a negative return on equity of 56.62% and a negative net margin of 20.26%. On average, equities research analysts forecast that Fluent, Inc. will post -1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on FLNT shares. StockNews.com began coverage on Fluent in a report on Wednesday, September 11th. They issued a “hold” rating for the company. Canaccord Genuity Group lowered their target price on shares of Fluent from $4.50 to $4.00 and set a “hold” rating for the company in a report on Tuesday, August 20th.

Fluent Profile

Fluent, Inc provides data-driven digital marketing services in the United States and internationally. 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.