Monotype Imaging Holdings Inc. (NASDAQ:TYPE) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 356,438 shares, a drop of 42.3% from the February 15th total of 617,891 shares. Based on an average daily volume of 768,763 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.9% of the company’s stock are short sold.
In related news, CAO Janet M. Dunlap sold 2,000 shares of Monotype Imaging stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the sale, the chief accounting officer now owns 90,008 shares of the company’s stock, valued at approximately $2,250,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Janet M. Dunlap sold 1,187 shares of Monotype Imaging stock in a transaction on Friday, February 16th. The shares were sold at an average price of $25.00, for a total transaction of $29,675.00. Following the completion of the sale, the chief accounting officer now directly owns 88,821 shares of the company’s stock, valued at approximately $2,220,525. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WCM Investment Management CA raised its stake in shares of Monotype Imaging by 5.2% during the 3rd quarter. WCM Investment Management CA now owns 59,589 shares of the software maker’s stock worth $1,147,000 after purchasing an additional 2,930 shares during the period. First Manhattan Co. raised its stake in shares of Monotype Imaging by 30.0% during the 4th quarter. First Manhattan Co. now owns 13,000 shares of the software maker’s stock worth $313,000 after purchasing an additional 3,000 shares during the period. Granahan Investment Management Inc. MA raised its stake in shares of Monotype Imaging by 1.1% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 269,339 shares of the software maker’s stock worth $5,185,000 after purchasing an additional 3,062 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Monotype Imaging by 10.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 33,749 shares of the software maker’s stock worth $618,000 after purchasing an additional 3,118 shares during the period. Finally, State Street Corp raised its stake in shares of Monotype Imaging by 0.3% during the 2nd quarter. State Street Corp now owns 1,048,771 shares of the software maker’s stock worth $19,194,000 after purchasing an additional 3,201 shares during the period. Institutional investors own 93.41% of the company’s stock.
Monotype Imaging (TYPE) opened at $24.45 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.26. Monotype Imaging has a 52 week low of $15.75 and a 52 week high of $26.75. The firm has a market capitalization of $1,024.47, a price-to-earnings ratio of 90.56, a price-to-earnings-growth ratio of 3.29 and a beta of 0.83.
Monotype Imaging (NASDAQ:TYPE) last issued its quarterly earnings data on Friday, February 16th. The software maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.31. The business had revenue of $65.02 million for the quarter, compared to analysts’ expectations of $62.45 million. Monotype Imaging had a return on equity of 6.10% and a net margin of 4.90%. The business’s revenue was up 23.5% on a year-over-year basis. During the same period last year, the business earned $0.12 EPS. equities research analysts anticipate that Monotype Imaging will post 0.5 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Monday, April 2nd will be paid a dividend of $0.116 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from Monotype Imaging’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 29th. Monotype Imaging’s payout ratio is presently 166.67%.
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Monotype Imaging Company Profile
Monotype Imaging Holdings Inc is engaged in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. It organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM).
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