Alambic Investment Management L.P. Acquires New Stake in Monotype Imaging (TYPE)

Alambic Investment Management L.P. acquired a new position in shares of Monotype Imaging (NASDAQ:TYPE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 105,100 shares of the software maker’s stock, valued at approximately $2,359,000. Alambic Investment Management L.P. owned approximately 0.25% of Monotype Imaging as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Elkfork Partners LLC bought a new stake in shares of Monotype Imaging during the fourth quarter worth $109,000. SG Americas Securities LLC bought a new stake in shares of Monotype Imaging during the first quarter worth $138,000. Franklin Resources Inc. bought a new stake in shares of Monotype Imaging during the fourth quarter worth $200,000. Aperio Group LLC bought a new stake in shares of Monotype Imaging during the fourth quarter worth $202,000. Finally, Levin Capital Strategies L.P. bought a new stake in shares of Monotype Imaging during the fourth quarter worth $205,000. 91.45% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on TYPE shares. BidaskClub raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research cut shares of Monotype Imaging from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. B. Riley upgraded shares of Monotype Imaging from a “neutral” rating to a “buy” rating and increased their target price for the stock from $24.50 to $31.00 in a report on Tuesday, February 20th. ValuEngine upgraded shares of Monotype Imaging from a “sell” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, TheStreet cut shares of Monotype Imaging from a “b” rating to a “c+” rating in a report on Friday, April 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Monotype Imaging currently has a consensus rating of “Hold” and an average price target of $27.33.

Shares of Monotype Imaging opened at $21.15 on Friday, according to MarketBeat. Monotype Imaging has a 12 month low of $21.10 and a 12 month high of $21.30. The firm has a market cap of $891.97 million, a P/E ratio of 39.91, a price-to-earnings-growth ratio of 5.04 and a beta of 0.81. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.27.

Monotype Imaging (NASDAQ:TYPE) last announced its earnings results on Friday, April 27th. The software maker reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.17. Monotype Imaging had a net margin of 4.76% and a return on equity of 6.99%. The business had revenue of $56.68 million during the quarter, compared to analysts’ expectations of $54.81 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. equities research analysts predict that Monotype Imaging will post 0.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Monday, July 2nd will be issued a dividend of $0.116 per share. This represents a $0.46 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Friday, June 29th. Monotype Imaging’s payout ratio is 86.79%.

In other Monotype Imaging news, EVP Steven R. Martin sold 21,943 shares of the stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $22.17, for a total value of $486,476.31. Following the completion of the sale, the executive vice president now owns 116,488 shares in the company, valued at $2,582,538.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven R. Martin sold 29,000 shares of the stock in a transaction on Monday, March 26th. The shares were sold at an average price of $22.93, for a total transaction of $664,970.00. Following the completion of the sale, the executive vice president now owns 145,036 shares of the company’s stock, valued at approximately $3,325,675.48. The disclosure for this sale can be found here. Insiders have sold 52,793 shares of company stock valued at $1,192,480 in the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Monotype Imaging Company Profile

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.

Institutional Ownership by Quarter for Monotype Imaging (NASDAQ:TYPE)

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