Pendrell (PCO) Earning Somewhat Positive Press Coverage, Analysis Shows

News headlines about Pendrell (NASDAQ:PCO) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pendrell earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.5591630883429 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Separately, TheStreet raised shares of Pendrell from a “d” rating to a “c-” rating in a research report on Monday, October 30th.

Shares of Pendrell (PCO) traded up $31.52 on Thursday, reaching $739.02. 200 shares of the company’s stock were exchanged, compared to its average volume of 840. The company has a market capitalization of $173.15, a PE ratio of 24.40 and a beta of 0.92. Pendrell has a twelve month low of $589.00 and a twelve month high of $761.00.

The company also recently declared a special dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Friday, December 15th will be given a dividend of $12.32 per share. The ex-dividend date is Thursday, December 14th.

In other news, major shareholder James D. Dondero sold 17,919 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $6.65, for a total transaction of $119,161.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder James D. Dondero acquired 1,408,534 shares of the company’s stock in a transaction dated Saturday, September 30th. The shares were bought at an average price of $6.83 per share, for a total transaction of $9,620,287.22. Following the acquisition, the insider now directly owns 704,267 shares of the company’s stock, valued at approximately $4,810,143.61. The disclosure for this purchase can be found here. Corporate insiders own 41.46% of the company’s stock.

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Pendrell Company Profile

Pendrell Corporation is engaged in the business of licensing and selling intellectual property (IP) rights to others. The Company invests in, acquires and monetizes IP rights. The Company’s subsidiaries hold patents that support over four IP licensing programs that it owns and manages, such as digital media, digital cinema, wireless technologies, and memory and storage technologies.

Insider Buying and Selling by Quarter for Pendrell (NASDAQ:PCO)

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