Alpine Partners VI LLC Acquires Shares of 135,871 Violin Memory Inc. (VMEM)

Alpine Partners VI LLC bought a new stake in shares of Violin Memory Inc. (NYSE:VMEM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 135,871 shares of the company’s stock, valued at approximately $125,000.

Separately, GSA Capital Partners LLP purchased a new stake in Violin Memory during the second quarter valued at $392,000. 55.47% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Violin Memory (NYSE:VMEM)

Shares of Violin Memory Inc. (NYSE:VMEM) opened at 0.568 on Monday. Violin Memory Inc. has a 12-month low of $0.51 and a 12-month high of $7.28. The firm’s market cap is $14.30 million. The firm has a 50-day moving average price of $1.18 and a 200 day moving average price of $1.96.

Violin Memory (NYSE:VMEM) last announced its quarterly earnings results on Thursday, September 8th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by $0.03. The company earned $7.50 million during the quarter, compared to analyst estimates of $11 million. The company’s revenue was down 51.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) earnings per share. On average, equities research analysts anticipate that Violin Memory Inc. will post ($2.18) earnings per share for the current fiscal year.

Violin Memory Company Profile

Violin Memory, Inc offers a class of flash-based storage solutions to bring storage performance in line with high-speed applications, servers and networks. The Company’s Flash Storage Platform is designed at each level of the system architecture to leverage the inherent capabilities of flash memory and meet the requirements of business-critical applications, virtualized environments and Big Data in enterprise data centers.

5 Day Chart for NYSE:VMEM

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