Insider Sale: Michael Mcconnell Unloaded 20,000 Shares of Spark Networks Inc (NYSEMKT:LOV)

November 30, 2016 - By Hazel Jackson

 Insider Sale: Michael Mcconnell Unloaded 20,000 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 trade activities with the U.S. Security & Exchange Commission on November 29, 2016. As discovered in the document, Michael had sold 20,000 shares of the public firm. The total insider trading trade was worth $20,536 U.S. Dollars. At the time of the deal the price of a share was $1.0. He also sold 176,676 shares that are worth approx $196,051 USD in the last 30 days. Mr. Michael at present has ownership of 146,338 shares, accounting for 0.47% 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 turned 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.

The Texas-based Dimensional Fund Advsrs Limited Partnership has invested 0% in Spark Networks Inc (NYSEMKT:LOV). Blackrock Institutional Tru Company Na reported 8,169 shares or 0% of all its holdings. Kcg holds 31,613 shares or 0% of its portfolio. Moreover, Tower Research Cap Ltd (Trc) has 0% invested in Spark Networks Inc (NYSEMKT:LOV) for 5,084 shares. Vanguard Gru Inc last reported 596,950 shares in the company. The New York-based Joel Isaacson Ltd Liability has invested 0% in Spark Networks Inc (NYSEMKT:LOV). The New York-based Morgan Stanley has invested 0% in Spark Networks Inc (NYSEMKT:LOV). Arbiter Ptnrs Mgmt Limited has 115,525 shares for 0.02% of their US portfolio. Renaissance Technology Ltd Company holds 0% or 248,400 shares in its portfolio. Northern Tru has 37,283 shares for 0% of their US portfolio. Deutsche Bancorp Ag owns 69,653 shares or 0% of their US portfolio. Retail Bank Of America De has 75 shares for 0% of their US portfolio. Blackrock Inv Mgmt Llc has 3,360 shares for 0% of their US portfolio. Citadel Llc last reported 12,573 shares in the company. Royal Financial Bank Of Canada last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 1, 2016, the stock had 17 insider purchases, and 4 insider sales for $3.36 million net activity. Goldberg Bradley had bought 11,000 shares worth $19,744. $20,882 worth of shares were sold by McConnell Michael J on Thursday, November 17. On Monday, August 29 the insider MILLER LLOYD I III bought $4,000. Rosenthal Daniel Max also bought $3,240 worth of Spark Networks Inc (NYSEMKT:LOV) on Wednesday, November 23. Shares for $76,228 were bought by Osmium Partners – LLC.

The stock decreased 2.83% or $0.03 on November 29, hitting $1.03. About 169,547 shares traded hands or 153.07% up from the average. Spark Networks Inc (NYSEMKT:LOV) has declined 54.11% since April 26, 2016 and is downtrending. It has underperformed by 59.37% 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 $32.22 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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