GSA Capital Partners LLP bought a new position in Nerdy Inc. (NYSE:NRDY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 456,961 shares of the company's stock, valued at approximately $649,000. GSA Capital Partners LLP owned 0.25% of Nerdy at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd acquired a new position in shares of Nerdy during the fourth quarter worth approximately $26,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Nerdy during the first quarter worth approximately $26,000. ProShare Advisors LLC lifted its holdings in Nerdy by 55.2% in the fourth quarter. ProShare Advisors LLC now owns 21,350 shares of the company's stock valued at $35,000 after buying an additional 7,594 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Nerdy by 33.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,263 shares of the company's stock valued at $50,000 after buying an additional 7,607 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in Nerdy in the fourth quarter valued at approximately $51,000. 39.10% of the stock is owned by institutional investors.
Insider Activity at Nerdy
In other news, CFO Jason H. Pello sold 76,794 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $1.67, for a total transaction of $128,245.98. Following the completion of the transaction, the chief financial officer owned 1,960,134 shares of the company's stock, valued at approximately $3,273,423.78. This trade represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher C. Swenson sold 53,514 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $1.67, for a total value of $89,368.38. Following the sale, the insider directly owned 1,612,388 shares of the company's stock, valued at $2,692,687.96. This represents a 3.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 177,556 shares of company stock valued at $293,684. 50.94% of the stock is owned by insiders.
Nerdy Stock Up 5.4%
NYSE NRDY traded up $0.08 during trading hours on Thursday, hitting $1.48. The company's stock had a trading volume of 864,029 shares, compared to its average volume of 796,456. Nerdy Inc. has a twelve month low of $0.73 and a twelve month high of $2.18. The firm has a market capitalization of $269.11 million, a P/E ratio of -3.66 and a beta of 1.87. The stock has a fifty day moving average of $1.63 and a 200 day moving average of $1.63.
Nerdy (NYSE:NRDY - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.05. The firm had revenue of $47.60 million for the quarter, compared to analyst estimates of $46.22 million. Nerdy had a negative net margin of 24.79% and a negative return on equity of 69.06%. On average, analysts predict that Nerdy Inc. will post -0.43 earnings per share for the current year.
Nerdy Profile
(
Free Report)
Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network.
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