Thompson Siegel & Walmsley LLC Has $8.42 Million Stake in RPX Co. (RPXC)

Thompson Siegel & Walmsley LLC lifted its position in RPX Co. (NASDAQ:RPXC) by 32.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 787,377 shares of the business services provider’s stock after purchasing an additional 192,430 shares during the period. Thompson Siegel & Walmsley LLC owned about 1.58% of RPX worth $8,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. AMP Capital Investors Ltd purchased a new position in RPX during the fourth quarter valued at $144,000. Martingale Asset Management L P bought a new stake in shares of RPX in the 4th quarter worth about $169,000. Capital Fund Management S.A. bought a new stake in shares of RPX in the 4th quarter worth about $171,000. Teacher Retirement System of Texas bought a new stake in shares of RPX in the 4th quarter worth about $207,000. Finally, Wedge Capital Management L L P NC bought a new stake in shares of RPX in the 1st quarter worth about $178,000. 84.81% of the stock is owned by institutional investors.

RPX opened at $10.44 on Friday, Marketbeat.com reports. The stock has a market capitalization of $521.31 million, a P/E ratio of 22.70 and a beta of 1.34. RPX Co. has a 12 month low of $10.42 and a 12 month high of $10.54.

RPX (NASDAQ:RPXC) last posted its earnings results on Tuesday, May 1st. The business services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The business had revenue of $67.10 million for the quarter, compared to analysts’ expectations of $73.50 million. RPX had a negative net margin of 27.00% and a positive return on equity of 5.04%. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS.

In other news, CFO David James Anderson sold 5,000 shares of RPX stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.94, for a total value of $64,700.00. Following the transaction, the chief financial officer now owns 11,634 shares of the company’s stock, valued at approximately $150,543.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.52% of the company’s stock.

Several research analysts recently commented on RPXC shares. TheStreet downgraded shares of RPX from a “b-” rating to a “c-” rating in a research note on Thursday, February 22nd. BidaskClub raised shares of RPX from a “sell” rating to a “hold” rating in a research note on Saturday, March 24th. Finally, ValuEngine downgraded shares of RPX from a “hold” rating to a “sell” rating in a research note on Saturday, May 12th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.33.

RPX Profile

RPX Corporation provides patent risk management and discovery services in the United States, Japan, South Korea, and internationally. It offers a subscription-based patent risk management service that facilitates exchanges of value between owners and users of patents. The company also provides a defensive patent aggregation in which it acquires patent assets to offer clients with sub-licenses; and underwrites patent infringement liability insurance policies to insure against certain costs of litigation.

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Institutional Ownership by Quarter for RPX (NASDAQ:RPXC)

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