Stadium Capital Management Lowers stake in Sizmek Inc (SZMK)

Sizmek Inc (SZMK) : Stadium Capital Management reduced its stake in Sizmek Inc by 14.19% during the most recent quarter end. The investment management company now holds a total of 764,173 shares of Sizmek Inc which is valued at $2 Million after selling 126,413 shares in Sizmek Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Sizmek Inc makes up approximately 0.71% of Stadium Capital Management’s portfolio.

Other Hedge Funds, Including , Emancipation Management sold out all of its stake in SZMK during the most recent quarter. The investment firm sold 51,896 shares of SZMK which is valued $132,854.Royce Associates Lp boosted its stake in SZMK in the latest quarter, The investment management firm added 118,200 additional shares and now holds a total of 535,950 shares of Sizmek Inc which is valued at $1.4 Million. Sizmek Inc makes up approx 0.01% of Royce Associates Lp’s portfolio. Norges Bank sold out all of its stake in SZMK during the most recent quarter. The investment firm sold 118,142 shares of SZMK which is valued $302,444.Municipal Employees’ Retirement System Of Michigan boosted its stake in SZMK in the latest quarter, The investment management firm added 26,160 additional shares and now holds a total of 30,340 shares of Sizmek Inc which is valued at $81,008. Sizmek Inc makes up approx 0.01% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Sizmek Inc opened for trading at $2.36 and hit $2.63 on the upside on Friday, eventually ending the session at $2.52, with a gain of 6.78% or 0.16 points. The heightened volatility saw the trading volume jump to 1,60,849 shares. Company has a market cap of $73,380 M.

Sizmek Inc. (Sizmek) is an open ad management company. The Company operates an independent online ad campaign management and distribution platform as measured by the number of advertising impressions served and the number of countries in which it serves customers. The Company helps advertisers agencies and publishers engage with consumers across multiple online media channels (mobile display rich media video and social). Its online campaign management platform Sizmek MDX helps advertisers agencies and publishers in managing their advertising budgets across multiple online media channels and formats such as desktop mobile rich media social media in-stream video interactive video display and search. Its online ad serving technologies are divided into three categories which include distribution technologies analysis technologies and logic technologies. It connects approximately 17000 advertisers and over 3500 agencies to audiences in approximately 60 countries.

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