Teton Advisors Inc. reduced its holdings in Insignia Systems, Inc. (NASDAQ:ISIG) by 12.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 91,397 shares of the business services provider’s stock after selling 13,000 shares during the quarter. Teton Advisors Inc.’s holdings in Insignia Systems were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, Renaissance Technologies LLC increased its position in Insignia Systems by 9.5% in the 3rd quarter. Renaissance Technologies LLC now owns 850,622 shares of the business services provider’s stock valued at $1,472,000 after acquiring an additional 74,119 shares during the period. 15.39% of the stock is owned by institutional investors.
Separately, TheStreet cut Insignia Systems from a “c” rating to a “d+” rating in a research report on Wednesday, May 1st.
Insignia Systems (NASDAQ:ISIG) last posted its earnings results on Tuesday, March 5th. The business services provider reported $0.04 EPS for the quarter. Insignia Systems had a return on equity of 8.96% and a net margin of 4.21%. The firm had revenue of $8.12 million for the quarter.
Insignia Systems Profile
Insignia Systems, Inc provides in-store marketing solutions to partners and clients that consist of consumer-packaged goods manufacturers, retailers, and marketing agencies. The company's product solutions include in-store signage solutions, merchandising solutions, promotion solutions, and digital solutions.
Further Reading: Elliott Wave Theory
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