Insider Filing On Watch: Michael Mcconnell Insider Deal for 20,856 Shares of Spark Networks Inc (NYSEMKT:LOV)

November 28, 2016 - By Winifred Garcia

Insider Filing On Watch: Michael Mcconnell Insider Deal for 20,856 Shares of Spark Networks Inc (NYSEMKT:LOV)

Michael Mcconnell Insider Sell

An insider of the company Spark Networks Inc, Michael Mcconnell also its director, disclosed his well-informed sell activities with the SEC on 28/11/2016. As discovered in the document, Michael had sold 20,856 shares of the Pinksheet-listed company. The total insider trading deal was worth $22,545 U.S Dollars. At the time of the transaction the price of a share was $1.1. In the last month, he also unloaded 155,820 shares with a total value of about $173,506 USD. Right now, Michael Mcconnell owns 166,338 shares or 0.51% of the Company’s market cap.

Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.41, from 1.5 in 2016Q1. The ratio is negative, 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.

Royal Commercial Bank Of Canada has invested 0% of its portfolio in Spark Networks Inc (NYSEMKT:LOV). The New York-based Tower Ltd Liability Co (Trc) has invested 0% in Spark Networks Inc (NYSEMKT:LOV). Joel Isaacson And Com Llc has invested 0% of its portfolio in Spark Networks Inc (NYSEMKT:LOV). Morgan Stanley owns 250 shares or 0% of their US portfolio. Blackrock Institutional Trust Na has 0% invested in the company for 8,169 shares. Goldman Sachs Group holds 0% of its portfolio in Spark Networks Inc (NYSEMKT:LOV) for 22,149 shares. Financial And Inv Management Grp Limited last reported 459,077 shares in the company. Moreover, Arbiter Mgmt Lc has 0.02% invested in Spark Networks Inc (NYSEMKT:LOV) for 115,525 shares. Manufacturers Life Ins The last reported 2,093 shares in the company. Osmium Prtn Ltd last reported 7.35% of its portfolio in the stock. Deutsche Bankshares Ag has 0% invested in the company for 69,653 shares. Blackrock Ltd Company accumulated 0% or 3,360 shares. Rice Hall James And Associate Llc holds 52,695 shares or 0% of its portfolio. Blackrock Fund Advsr has 0% invested in the company for 49,637 shares. State Street has 14,896 shares for 0% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 16 insider buys, and 3 insider sales for $3.38 million net activity. The insider McConnell Michael J sold 18,775 shares worth $23,438. Goldberg Bradley also bought $19,744 worth of Spark Networks Inc (NYSEMKT:LOV) shares. Osmium Partners – LLC bought $76,228 worth of Spark Networks Inc (NYSEMKT:LOV) on Saturday, August 13. MILLER LLOYD I III had bought 13,100 shares worth $18,340.

The stock increased 1.89% or $0.02 on November 25, hitting $1.08. Spark Networks Inc (NYSEMKT:LOV) has declined 53.65% since April 25, 2016 and is downtrending. It has underperformed by 59.66% 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 $35.07 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.

More news for Spark Networks Inc (NYSEMKT:LOV) were recently published by: Marketwatch.com, which released: “Spark Networks downgraded to neutral from buy at B. Riley” on December 21, 2009. Latimes.com‘s article titled: “Spark Networks continues to seek turnaround after board breakup” and published on July 14, 2014 is yet another important article.

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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