Horrell Capital Management buys $48,600 stake in Inuvo Inc (INUV)

Inuvo Inc (INUV) : Horrell Capital Management scooped up 218 additional shares in Inuvo Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 27,000 shares of Inuvo Inc which is valued at $48,600.Inuvo Inc makes up approximately 0.03% of Horrell Capital Management’s portfolio.

Inuvo Inc opened for trading at $1.85 and hit $1.91 on the upside on Wednesday, eventually ending the session at $1.9, with a gain of 2.15% or 0.04 points. The heightened volatility saw the trading volume jump to 59,095 shares. Company has a market cap of $46 M.

Other Hedge Funds, Including , Acadian Asset Management boosted its stake in INUV in the latest quarter, The investment management firm added 2,073 additional shares and now holds a total of 7,219 shares of Inuvo Inc which is valued at $13,211.

Inuvo Inc. is an Internet marketing and technology company. The Company delivers purchase-ready customers to advertisers through a network of Websites and applications reaching both desktop and mobile devices. It delivers content and advertisements over the Internet. The Company operates in two segments: the Partner Network and the Owned and Operated Network. The Company’s Partner Network segment provides advertising services to businesses and other owners of Websites and applications looking to monetize their investments in desktop tablet and mobile properties. The Partner Network offers ValidClick and Affiliate Management. The Owned and Operated Network segment designs builds and markets consumer Websites and applications. The Company’s consumer-facing offerings are provided under the ALOT brand through the Owned and Operated Network segment. The Owned and Operated Network consists of its mobile-ready ALOT Websites and is focused on providing engaging content to its users.

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