Stadium Capital Management Lowers stake in Sizmek Inc (SZMK)

Sizmek Inc (SZMK) : Stadium Capital Management reduced its stake in Sizmek Inc by 5.84% during the most recent quarter end. The investment management company now holds a total of 719,567 shares of Sizmek Inc which is valued at $2,784,724 after selling 44,606 shares in Sizmek Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Sizmek Inc makes up approximately 0.80% of Stadium Capital Management’s portfolio.

Other Hedge Funds, Including , Bluecrest Capital Management Ltd sold out all of its stake in SZMK during the most recent quarter. The investment firm sold 24,578 shares of SZMK which is valued $95,117.Roumell Asset Management boosted its stake in SZMK in the latest quarter, The investment management firm added 176,884 additional shares and now holds a total of 1,322,784 shares of Sizmek Inc which is valued at $5,119,174. Sizmek Inc makes up approx 10.37% of Roumell Asset Management’s portfolio. Credit Suisse Ag added SZMK to its portfolio by purchasing 76,691 company shares during the most recent quarter which is valued at $296,794.Blackrock Fund Advisors reduced its stake in SZMK by selling 436,828 shares or 33.1% in the most recent quarter. The Hedge Fund company now holds 882,832 shares of SZMK which is valued at $3,416,560. State Board Of Administration Of Florida Retirement System sold out all of its stake in SZMK during the most recent quarter. The investment firm sold 26,587 shares of SZMK which is valued $102,626.

Sizmek Inc (SZMK) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $3.89 and reached the intraday high at $3.89. The bulls started the profit booking and pushed the shares to intraday low of $3.86. The trading session was marked by a volume range of 1,44,590 shares exchanging hands. The 52-week high of the shares is $6.85 and the 52-week low is $2.09. The market cap of the company stands at $113 M and there are 2,91,41,209 shares in public circulation.

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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