Rock Creek Group LP Invests $401,000 in LiveXLive Media, Inc. (NASDAQ:LIVX)

Rock Creek Group LP bought a new position in shares of LiveXLive Media, Inc. (NASDAQ:LIVX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 85,000 shares of the company’s stock, valued at approximately $401,000. Rock Creek Group LP owned approximately 0.11% of LiveXLive Media as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of LiveXLive Media in the 2nd quarter valued at about $50,000. Virtu Financial LLC acquired a new position in LiveXLive Media during the 1st quarter worth approximately $849,000. Squarepoint Ops LLC acquired a new stake in shares of LiveXLive Media in the first quarter valued at approximately $107,000. State of Wisconsin Investment Board bought a new stake in shares of LiveXLive Media in the first quarter worth $329,000. Finally, Morgan Stanley grew its position in LiveXLive Media by 181.7% in the first quarter. Morgan Stanley now owns 346,005 shares of the company’s stock valued at $1,502,000 after purchasing an additional 223,165 shares in the last quarter. 38.74% of the stock is currently owned by hedge funds and other institutional investors.

LIVX has been the topic of several analyst reports. Alliance Global Partners upped their target price on LiveXLive Media from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, June 29th. Zacks Investment Research cut shares of LiveXLive Media from a “buy” rating to a “sell” rating in a research note on Wednesday, August 18th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $7.00 price target (up from $6.00) on shares of LiveXLive Media in a research report on Tuesday, June 29th.

NASDAQ:LIVX opened at $3.25 on Wednesday. The company has a market cap of $254.62 million, a P/E ratio of -5.51 and a beta of 1.23. The firm’s fifty day moving average price is $3.46 and its two-hundred day moving average price is $4.07. LiveXLive Media, Inc. has a one year low of $1.78 and a one year high of $6.95. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.78 and a quick ratio of 0.74.

LiveXLive Media (NASDAQ:LIVX) last released its quarterly earnings results on Thursday, August 12th. The company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). LiveXLive Media had a negative net margin of 45.29% and a negative return on equity of 391.37%. As a group, equities research analysts expect that LiveXLive Media, Inc. will post -0.5 earnings per share for the current year.

In other news, CEO Robert S. Ellin acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 30th. The shares were acquired at an average cost of $3.38 per share, with a total value of $33,800.00. Following the completion of the purchase, the chief executive officer now directly owns 1,634,666 shares of the company’s stock, valued at approximately $5,525,171.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay E. Krigsman bought 20,000 shares of LiveXLive Media stock in a transaction on Tuesday, August 17th. The stock was acquired at an average cost of $2.73 per share, for a total transaction of $54,600.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 65,000 shares of company stock valued at $193,650. 25.20% of the stock is currently owned by insiders.

LiveXLive Media Company Profile

LiveXLive Media, Inc is a digital media company, which engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; and Slacker Radio, a streaming music service, as well as produces original music-related content.

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Institutional Ownership by Quarter for LiveXLive Media (NASDAQ:LIVX)

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