UBS Group AG lowered its position in shares of Marin Software Incorporated (NYSE:MRIN) by 15.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,864 shares of the software maker’s stock after selling 18,875 shares during the period. UBS Group AG owned about 0.27% of Marin Software worth $191,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in MRIN. Royce & Associates LP boosted its stake in Marin Software by 30.2% in the first quarter. Royce & Associates LP now owns 972,697 shares of the software maker’s stock valued at $1,751,000 after buying an additional 225,347 shares during the last quarter. Spark Investment Management LLC boosted its stake in Marin Software by 47.3% in the first quarter. Spark Investment Management LLC now owns 70,392 shares of the software maker’s stock valued at $126,000 after buying an additional 22,592 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Marin Software by 2.1% in the fourth quarter. Renaissance Technologies LLC now owns 836,000 shares of the software maker’s stock valued at $1,965,000 after buying an additional 17,209 shares during the last quarter. Institutional investors own 32.06% of the company’s stock.
Shares of Marin Software Incorporated (NYSE:MRIN) opened at 1.05 on Friday. The company’s market capitalization is $41.52 million. Marin Software Incorporated has a 52-week low of $1.00 and a 52-week high of $2.76. The firm’s 50-day moving average price is $1.18 and its 200 day moving average price is $1.57.
Marin Software (NYSE:MRIN) last issued its earnings results on Thursday, August 10th. The software maker reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.09. The company had revenue of $18.74 million for the quarter. Marin Software had a negative return on equity of 21.25% and a negative net margin of 28.27%. On average, equities analysts forecast that Marin Software Incorporated will post ($0.33) earnings per share for the current year.
About Marin Software
Marin Software Incorporated provides a cross-channel, cross-device, enterprise marketing software platform for search, display and social advertising channels. The Company’s enterprise marketing software platform is offered as an integrated software-as-a-service (SaaS) solution for advertisers and agencies.
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