A major shareholder in Spark Networks has recently acquired more shares.
Last Thursday, an SEC filing revealed that Spark insider Lloyd I. Miller had purchased shares of the company worth $292,300.
In the last month, Miller has reported five buy trades of Spark Network shared for a total value of $1.12M, increasing his holding by 3.16%.
Three firms, including B. Riley and Canaccord Genuity also have a buy rating on the stock.
The dating provider, which trades on the stock market as LOV, currently has an average volume of 9,945, with a market cap of $82.98m and a P/E ratio of 21.2%.
It also has a one year high of $5.10, and a one year low of $2.76.
Over the past 30 days, insiders have sold $1.36M worth of LOV shares, and acquired $1.41M worth of shares.
And in the last three months, the insider sentiment on Spark Networks has been “positive”, based on 44 corporate insider transactions, which is “slightly higher” that the average sector sentiment of insiders.
Last month, we reported that Miller had acquired a further 483 shares of the company, adding to the 33,003 shares he had previously bought, with a collective value of around $124,280.
This made the insider one of the company’s biggest shareholders, owning 2.66m shares which equated to 10.29% of Spark Networks’ $100.2m market cap.