Kassirer Asset Management Corp purchased a new position in United Online, Inc. (NASDAQ:UNTD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 144,396 shares of the company’s stock, valued at approximately $1,588,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Kennedy Capital Management Inc. acquired a new position in United Online during the first quarter worth about $1,828,000. Algert Global LLC acquired a new position in United Online during the first quarter worth about $398,000. Boothbay Fund Management LLC increased its position in United Online by 46.7% in the first quarter. Boothbay Fund Management LLC now owns 24,299 shares of the company’s stock worth $280,000 after buying an additional 7,731 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in United Online during the first quarter worth about $134,000. Finally, Sphinx Trading LP acquired a new position in United Online during the second quarter worth about $121,000.
United Online, Inc. (NASDAQ:UNTD) remained flat at $11.00 on Thursday. United Online, Inc. has a 12 month low of $9.50 and a 12 month high of $16.32. The firm’s 50-day moving average price is $10.95 and its 200-day moving average price is $11.16.
About United Online
United Online, Inc, through its operating subsidiaries, provides consumer services and products over the Internet under various brands, including NetZero, Juno, Trombi and MyPoints. The Company operates in three segments: Communications; Commerce & Loyalty, and Social Media. The Communications segment provides Internet access services and devices, including dial-up, mobile broadband, digital subscriber line (DSL), e-mail, Internet security, Web hosting, and voice services.
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