Acadian Asset Management LLC Raises Position in Finjan Holdings Inc (FNJN)

Acadian Asset Management LLC boosted its holdings in Finjan Holdings Inc (NASDAQ:FNJN) by 103.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 999,277 shares of the software maker’s stock after acquiring an additional 506,963 shares during the period. Acadian Asset Management LLC owned 3.67% of Finjan worth $4,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FNJN. Millennium Management LLC acquired a new stake in shares of Finjan during the 2nd quarter worth about $880,000. Dimensional Fund Advisors LP boosted its stake in shares of Finjan by 42.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 802,012 shares of the software maker’s stock worth $2,727,000 after purchasing an additional 237,555 shares during the last quarter. Equitec Proprietary Markets LLC boosted its stake in shares of Finjan by 133.2% during the 2nd quarter. Equitec Proprietary Markets LLC now owns 350,168 shares of the software maker’s stock worth $1,191,000 after purchasing an additional 200,000 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Finjan during the 1st quarter worth about $495,000. Finally, Alambic Investment Management L.P. acquired a new stake in shares of Finjan during the 2nd quarter worth about $494,000. 54.66% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on FNJN. ValuEngine raised shares of Finjan from a “hold” rating to a “buy” rating in a research note on Monday, October 8th. TheStreet raised shares of Finjan from a “c+” rating to a “b-” rating in a research note on Tuesday, August 14th.

In other Finjan news, Director Daniel Robert Chinn sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 8th. The shares were sold at an average price of $5.48, for a total transaction of $27,400.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $27,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Philip Hartstein sold 77,500 shares of the firm’s stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $5.15, for a total transaction of $399,125.00. Following the sale, the chief executive officer now directly owns 130,250 shares in the company, valued at $670,787.50. The disclosure for this sale can be found here. Insiders have sold a total of 87,500 shares of company stock worth $448,325 over the last ninety days. 8.81% of the stock is owned by corporate insiders.

Finjan stock opened at $3.80 on Friday. Finjan Holdings Inc has a 12-month low of $1.69 and a 12-month high of $5.54. The stock has a market cap of $104.35 million, a price-to-earnings ratio of 10.86 and a beta of -0.29.

COPYRIGHT VIOLATION NOTICE: “Acadian Asset Management LLC Raises Position in Finjan Holdings Inc (FNJN)” was originally published by WKRB News and is owned by of WKRB News. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.wkrb13.com/2018/11/09/acadian-asset-management-llc-raises-position-in-finjan-holdings-inc-fnjn.html.

About Finjan

Finjan Holdings, Inc, a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, Trojans, and other Web and network threats.

Featured Story: Cash Flow Analysis in Stock Selection

Want to see what other hedge funds are holding FNJN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Finjan Holdings Inc (NASDAQ:FNJN).

Institutional Ownership by Quarter for Finjan (NASDAQ:FNJN)

Receive News & Ratings for Finjan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finjan and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply