Millennium Management LLC decreased its holdings in Marchex, Inc. (NASDAQ:MCHX) by 20.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 215,036 shares of the technology company’s stock after selling 53,723 shares during the period. Millennium Management LLC owned approximately 0.51% of Marchex worth $658,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Marchex by 2.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,737,734 shares of the technology company’s stock valued at $5,317,000 after purchasing an additional 38,334 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Marchex by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,769,937 shares of the technology company’s stock valued at $5,416,000 after purchasing an additional 131,797 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Marchex by 3.6% in the 2nd quarter. BlackRock Inc. now owns 794,348 shares of the technology company’s stock valued at $2,430,000 after purchasing an additional 27,930 shares in the last quarter. Spark Investment Management LLC boosted its stake in shares of Marchex by 46.9% in the 2nd quarter. Spark Investment Management LLC now owns 121,018 shares of the technology company’s stock valued at $370,000 after purchasing an additional 38,618 shares in the last quarter. Finally, Heartland Advisors Inc. boosted its stake in shares of Marchex by 50.0% in the 2nd quarter. Heartland Advisors Inc. now owns 750,000 shares of the technology company’s stock valued at $2,295,000 after purchasing an additional 250,000 shares in the last quarter. 50.09% of the stock is owned by institutional investors.
In other news, major shareholder Edenbrook Capital, Llc purchased 31,447 shares of the stock in a transaction that occurred on Thursday, September 27th. The stock was bought at an average cost of $2.72 per share, for a total transaction of $85,535.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 735,144 shares of company stock valued at $2,081,742 over the last quarter. 27.35% of the stock is currently owned by company insiders.
Marchex (NASDAQ:MCHX) last posted its quarterly earnings results on Monday, November 5th. The technology company reported ($0.02) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.02). Marchex had a negative net margin of 3.01% and a negative return on equity of 3.61%. The company had revenue of $20.01 million during the quarter, compared to analyst estimates of $19.71 million. Equities research analysts expect that Marchex, Inc. will post -0.1 earnings per share for the current fiscal year.
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Marchex, Inc operates as a call analytics company. Its products include Marchex Call Analytics, an analytics technology platform that provides data and insights to measure the performance of mobile, online, and offline advertising for advertisers and small business resellers; and Marchex Speech Analytics delivers actionable operational and advertising insights of inbound calls from consumer's interactions.
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