Marchex, Inc. (MCHX) Major Shareholder Purchases $114,319.05 in Stock

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Marchex, Inc. (NASDAQ:MCHX) major shareholder Edenbrook Capital, Llc bought 44,831 shares of Marchex stock in a transaction dated Wednesday, October 17th. The shares were bought at an average price of $2.55 per share, for a total transaction of $114,319.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Edenbrook Capital, Llc also recently made the following trade(s):

  • On Wednesday, October 10th, Edenbrook Capital, Llc bought 33,000 shares of Marchex stock. The shares were bought at an average price of $2.60 per share, for a total transaction of $85,800.00.
  • On Thursday, October 4th, Edenbrook Capital, Llc bought 2,500 shares of Marchex stock. The shares were bought at an average price of $2.67 per share, for a total transaction of $6,675.00.
  • On Monday, October 8th, Edenbrook Capital, Llc bought 8,900 shares of Marchex stock. The shares were bought at an average price of $2.66 per share, for a total transaction of $23,674.00.
  • On Monday, October 1st, Edenbrook Capital, Llc bought 243,600 shares of Marchex stock. The shares were bought at an average price of $2.75 per share, for a total transaction of $669,900.00.
  • On Thursday, September 27th, Edenbrook Capital, Llc bought 31,447 shares of Marchex stock. The shares were bought at an average price of $2.72 per share, for a total transaction of $85,535.84.
  • On Monday, September 17th, Edenbrook Capital, Llc bought 900 shares of Marchex stock. The shares were bought at an average price of $2.70 per share, for a total transaction of $2,430.00.
  • On Friday, September 14th, Edenbrook Capital, Llc bought 15,966 shares of Marchex stock. The shares were bought at an average price of $2.69 per share, for a total transaction of $42,948.54.
  • On Wednesday, August 22nd, Edenbrook Capital, Llc bought 4,000 shares of Marchex stock. The shares were bought at an average price of $2.74 per share, for a total transaction of $10,960.00.

Shares of MCHX stock traded down $0.04 during trading hours on Friday, reaching $2.58. 19,050 shares of the company were exchanged, compared to its average volume of 100,410. Marchex, Inc. has a fifty-two week low of $2.47 and a fifty-two week high of $3.67. The firm has a market capitalization of $107.38 million, a price-to-earnings ratio of -18.43 and a beta of 1.27.

Marchex (NASDAQ:MCHX) last announced its earnings results on Wednesday, August 1st. The technology company reported ($0.03) earnings per share (EPS) for the quarter. Marchex had a negative return on equity of 3.44% and a negative net margin of 3.35%. The company had revenue of $20.22 million for the quarter, compared to analyst estimates of $19.60 million. Equities research analysts anticipate that Marchex, Inc. will post -0.1 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in MCHX. Renaissance Technologies LLC boosted its holdings in shares of Marchex by 2.3% in the second quarter. Renaissance Technologies LLC now owns 1,737,734 shares of the technology company’s stock valued at $5,317,000 after buying an additional 38,334 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Marchex by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,769,937 shares of the technology company’s stock valued at $5,416,000 after buying an additional 131,797 shares during the period. BlackRock Inc. boosted its holdings in shares of Marchex by 3.6% in the second quarter. BlackRock Inc. now owns 794,348 shares of the technology company’s stock valued at $2,430,000 after buying an additional 27,930 shares during the period. Spark Investment Management LLC boosted its holdings in shares of Marchex by 46.9% in the second quarter. Spark Investment Management LLC now owns 121,018 shares of the technology company’s stock valued at $370,000 after buying an additional 38,618 shares during the period. Finally, Heartland Advisors Inc. boosted its holdings in shares of Marchex by 50.0% in the second quarter. Heartland Advisors Inc. now owns 750,000 shares of the technology company’s stock valued at $2,295,000 after buying an additional 250,000 shares during the period. Institutional investors own 50.57% of the company’s stock.

About Marchex

Marchex, Inc operates as a call analytics company. Its products include Marchex Call Analytics, an analytics technology platform that provides data and insights to measure the performance of mobile, online, and offline advertising for advertisers and small business resellers; and Marchex Speech Analytics delivers actionable operational and advertising insights of inbound calls from consumer's interactions.

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