GTY Technology Holdings Inc (NASDAQ:GTYH) major shareholder Glazer Capital, Llc sold 505,324 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $10.15, for a total value of $5,129,038.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of NASDAQ GTYH traded up $0.02 during trading on Friday, reaching $10.17. The stock had a trading volume of 1,301 shares, compared to its average volume of 254,370. GTY Technology Holdings Inc has a one year low of $9.85 and a one year high of $10.30.
Several hedge funds and other institutional investors have recently modified their holdings of GTYH. Bank of Montreal Can increased its holdings in shares of GTY Technology by 711.4% in the 2nd quarter. Bank of Montreal Can now owns 1,858,089 shares of the company’s stock valued at $18,767,000 after acquiring an additional 1,629,089 shares during the last quarter. Mizuho Securities USA LLC grew its stake in GTY Technology by 324.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 425,000 shares of the company’s stock worth $4,310,000 after buying an additional 324,800 shares during the last quarter. City Financial Investment Co Ltd bought a new position in GTY Technology during the 2nd quarter worth $2,525,000. Cowen Inc. grew its stake in GTY Technology by 77.6% during the 2nd quarter. Cowen Inc. now owns 177,577 shares of the company’s stock worth $1,794,000 after buying an additional 77,577 shares during the last quarter. Finally, Millennium Management LLC grew its stake in GTY Technology by 67.5% during the 1st quarter. Millennium Management LLC now owns 46,699 shares of the company’s stock worth $465,000 after buying an additional 18,825 shares during the last quarter. Institutional investors and hedge funds own 52.28% of the company’s stock.
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GTY Technology Holdings Inc does not have significant operations. It intends on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company primarily focuses on identifying, acquiring, and operating business in the technology industry, including software and services.
See Also: Average Daily Trade Volume – ADTV
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