Blucora Inc (BCOR) Insider John David Palmer Sells 4,606 Shares
Blucora Inc (NASDAQ:BCOR) insider John David Palmer sold 4,606 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $31.63, for a total value of $145,687.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of BCOR traded down $0.21 during trading hours on Wednesday, hitting $31.51. 149,328 shares of the stock were exchanged, compared to its average volume of 254,240. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.43 and a current ratio of 2.43. Blucora Inc has a 12-month low of $23.83 and a 12-month high of $41.35. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 0.79 and a beta of 0.57.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Wednesday, May 8th. The information services provider reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.18. Blucora had a return on equity of 16.14% and a net margin of 11.57%. The firm had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $224.95 million. During the same period in the previous year, the business earned $1.20 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts predict that Blucora Inc will post 2.02 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new stake in shares of Blucora during the fourth quarter worth approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Blucora by 23.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the information services provider’s stock valued at $90,000 after buying an additional 650 shares in the last quarter. LS Investment Advisors LLC grew its holdings in Blucora by 297.8% in the 4th quarter. LS Investment Advisors LLC now owns 5,378 shares of the information services provider’s stock valued at $143,000 after buying an additional 4,026 shares in the last quarter. Bank of Montreal Can grew its holdings in Blucora by 112.2% in the 1st quarter. Bank of Montreal Can now owns 6,127 shares of the information services provider’s stock valued at $205,000 after buying an additional 3,239 shares in the last quarter. Finally, Sawtooth Solutions LLC purchased a new stake in Blucora in the 1st quarter valued at $205,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.
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Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.
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