Insider Worth Mentioning: Spark Networks Inc (NYSEMKT:LOV)’s director Michael Mcconnell Unloaded 118770 shares of the Company

November 24, 2016 - By Winifred Garcia

Insider Worth Mentioning: Spark Networks Inc (NYSEMKT:LOV)'s director Michael Mcconnell Unloaded 118770 shares of the Company

Michael Mcconnell Insider Sell

Michael Mcconnell, an insider, who is presently the director of Spark Networks Inc made a sale of close to 118,770 shares of the firm with a total value of about $129,186 U.S Dollars based on a market stock price of 1.1 U.S Dollars for every share. It seems he is very active lately as in the last month, he silently unloaded additional 37,050 shares of the company, worth $44,320 USD. The sale was revealed in a SEC report on November 23, 2016. The regulatory filing shows that Michael Mcconnell now owns about 0.60% of the California-based company’s total market cap

Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.41, from 1.5 in 2016Q1. The ratio worsened, as 2 funds sold all Spark Networks Inc shares owned while 6 reduced positions. 5 funds bought stakes while 7 increased positions. They now own 10.15 million shares or 3.36% less from 10.50 million shares in 2016Q1.

Goldman Sachs Grp Inc holds 22,149 shares or 0% of its portfolio. Robotti Robert has 320,600 shares for 0.18% of their US portfolio. Stifel Financial, a Missouri-based fund reported 10,000 shares. Royal Bank & Trust Of Canada last reported 5,010 shares in the company. Moreover, Citadel Advsr Limited Liability Corp has 0% invested in Spark Networks Inc (NYSEMKT:LOV) for 12,573 shares. Commercial Bank Of America De, a North Carolina-based fund reported 75 shares. Kcg Holdings accumulated 0% or 31,613 shares. Blackrock Investment Limited Liability holds 0% or 3,360 shares in its portfolio. Osmium Partners Ltd Com holds 3.45 million shares or 7.35% of its portfolio. Arbiter Prns Cap Ltd Com reported 115,525 shares or 0.02% of all its holdings. Joel Isaacson Ltd Limited Liability Company has 0% invested in the company for 30 shares. Tower Research Cap Ltd Llc (Trc) owns 5,084 shares or 0% of their US portfolio. Blackrock Fund Advisors holds 0% or 49,637 shares in its portfolio. Spruce House Inv Management Limited Liability Company holds 2.18 million shares or 0.48% of its portfolio. The California-based Rice Hall James And Associate Llc has invested 0% in Spark Networks Inc (NYSEMKT:LOV).

Insider Transactions: Since June 1, 2016, the stock had 17 insider buys, and 3 selling transactions for $3.63 million net activity. Another trade for 568,072 shares valued at $937,527 was made by MILLER LLOYD I III on Wednesday, August 31. Goldberg Bradley also bought $26,990 worth of Spark Networks Inc (NYSEMKT:LOV) on Thursday, September 1. 118,770 shares were sold by McConnell Michael J, worth $129,186. Osmium Partners – LLC had bought 100,000 shares worth $184,210 on Wednesday, September 7.

The stock decreased 1.83% or $0.02 on November 23, hitting $1.07. About 46,116 shares traded hands. Spark Networks Inc (NYSEMKT:LOV) has declined 54.77% since April 21, 2016 and is downtrending. It has underperformed by 60.10% the S&P500.

Spark Networks, Inc. is engaged in creating brands and communities that help individuals form life-long relationships with others that share their interests and values. The company has a market cap of $33.49 million. The Firm operates through four divisions, such as Jewish Networks, which consists of JDate, JDate.co.uk, JDate.fr, JDate.co.il, Cupid.co.il and JSwipe; Christian Networks, which consists of ChristianMingle, CrossPaths, ChristianMingle.co.uk, ChristianMingle.com.au, Believe.com, ChristianCards.net, DailyBibleVerse.com and Faith.com; Other Networks, which consists of Spark.com and related other general market Websites, as well as other properties, which primarily consists of sites focused towards various religious, ethnic, geographic and special interest groups, and Offline & Other Businesses segment, which consists of revenue generated from offline activities. It currently has negative earnings.

According to Zacks Investment Research, “Spark Networks is a leading provider of online personals in the United States and internationally. Our comprehensive, user-friendly websites offer convenient and safe places for likeminded singles to connect. Many of these connections lead to long term relationships and quite often marriage.”

Analysts await Spark Networks Inc (NYSEMKT:LOV) to report earnings on March, 2.

Another recent and important Spark Networks Inc (NYSEMKT:LOV) news was published by Streetinsider.com which published an article titled: “Spark Networks, Inc. (LOV) Tops Q2 EPS by 3c; Enters Agreement with PEAK6 ..” on August 10, 2016.

LOV Company Profile

Spark Networks, Inc., incorporated on April 20, 2007, is engaged in creating brands and communities that help individuals form life-long relationships with others that share their interests and values. The Firm operates through four divisions, which include Jewish Networks, Christian Networks, Other Networks, and Offline & Other Businesses. The Company’s Jewish Networks segment consists of JDate, JDate.co.uk, JDate.fr, JDate.co.il, Cupid.co.il and JSwipe. The Christian Networks segment consists of ChristianMingle, CrossPaths, ChristianMingle.co.uk, ChristianMingle.com.au, Believe.com, ChristianCards.net, DailyBibleVerse.com and Faith.com. The Other Networks segment consists of Spark.com and related other general market Websites, as well as other properties, which primarily consists of sites focused towards various religious, ethnic, geographic and special interest groups. The Offline & Other Businesses segment consists of revenue generated from offline activities.

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