Gamco Investors INC. ET AL increased its holdings in Mitek Systems, Inc. (NASDAQ:MITK) by 31.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,800 shares of the software maker’s stock after buying an additional 3,800 shares during the period. Gamco Investors INC. ET AL’s holdings in Mitek Systems were worth $193,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of Mitek Systems in the 4th quarter valued at about $34,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Mitek Systems by 30,452.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,027 shares of the software maker’s stock valued at $86,000 after buying an additional 7,004 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Mitek Systems in the 1st quarter valued at about $87,000. Harvest Management LLC acquired a new position in shares of Mitek Systems in the 4th quarter valued at about $108,000. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of Mitek Systems in the 4th quarter valued at about $119,000. 51.61% of the stock is owned by institutional investors and hedge funds.
In other Mitek Systems news, insider Jason Gray sold 7,145 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $11.60, for a total transaction of $82,882.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael E. Diamond sold 38,587 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $11.00, for a total transaction of $424,457.00. Following the sale, the insider now owns 221,477 shares in the company, valued at $2,436,247. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.
Shares of NASDAQ:MITK opened at $10.29 on Friday. The stock has a market capitalization of $398.58 million, a P/E ratio of 79.15, a PEG ratio of 4.96 and a beta of -0.40. Mitek Systems, Inc. has a fifty-two week low of $6.32 and a fifty-two week high of $13.07.
Mitek Systems (NASDAQ:MITK) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The firm had revenue of $19.98 million for the quarter, compared to the consensus estimate of $19.20 million. Mitek Systems had a negative net margin of 11.79% and a positive return on equity of 4.43%. Mitek Systems’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. On average, equities analysts predict that Mitek Systems, Inc. will post 0.14 earnings per share for the current year.
About Mitek Systems
Mitek Systems, Inc develops, markets, and sells mobile image capture and identity verification software solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences, fraud detection and reduction, and compliant transactions.
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