Hillsdale Investment Management Inc. Makes New $171,000 Investment in Travelzoo (NASDAQ:TZOO)

Hillsdale Investment Management Inc. purchased a new position in shares of Travelzoo (NASDAQ:TZOO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 17,900 shares of the information services provider’s stock, valued at approximately $171,000. Hillsdale Investment Management Inc. owned approximately 0.13% of Travelzoo as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Denali Advisors LLC raised its position in shares of Travelzoo by 5.1% during the fourth quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock worth $374,000 after purchasing an additional 1,900 shares during the period. Jump Financial LLC raised its position in shares of Travelzoo by 46.4% during the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock worth $294,000 after purchasing an additional 9,800 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Travelzoo during the third quarter worth approximately $82,000. Janiczek Wealth Management LLC acquired a new position in shares of Travelzoo during the fourth quarter worth approximately $275,000. Finally, Trexquant Investment LP raised its position in shares of Travelzoo by 184.1% during the third quarter. Trexquant Investment LP now owns 61,808 shares of the information services provider’s stock worth $360,000 after purchasing an additional 40,051 shares during the period. 27.39% of the stock is currently owned by institutional investors.

Insider Activity at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $8.71, for a total transaction of $87,100.00. Following the completion of the sale, the insider now directly owns 5,393,302 shares of the company’s stock, valued at approximately $46,975,660.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 148,931 shares of company stock valued at $1,483,335. 47.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TZOO. StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 11th. Barrington Research lowered their target price on Travelzoo from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th.

Travelzoo Trading Up 0.2 %

NASDAQ TZOO opened at $8.34 on Wednesday. The firm has a market capitalization of $109.25 million, a P/E ratio of 9.16 and a beta of 1.68. The business has a fifty day simple moving average of $9.34 and a 200 day simple moving average of $9.20. Travelzoo has a 12 month low of $4.77 and a 12 month high of $11.23.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings results on Wednesday, April 24th. The information services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $21.99 million during the quarter, compared to analyst estimates of $23.72 million. Travelzoo had a return on equity of 140.63% and a net margin of 15.24%. As a group, sell-side analysts predict that Travelzoo will post 0.92 EPS for the current fiscal year.

Travelzoo Profile

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.