GSA Capital Partners LLP Invests $65,000 in Paltalk, Inc. (NASDAQ:PALT)

GSA Capital Partners LLP bought a new position in shares of Paltalk, Inc. (NASDAQ:PALT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,000 shares of the company’s stock, valued at approximately $65,000. GSA Capital Partners LLP owned about 0.22% of Paltalk at the end of the most recent reporting period.

Separately, Virtu Financial LLC purchased a new position in shares of Paltalk during the 1st quarter valued at about $75,000. 3.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Maxim Group restated a “hold” rating on shares of Paltalk in a research note on Wednesday, August 14th.

Insider Activity at Paltalk

In other Paltalk news, CEO Jason Katz purchased 25,000 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $2.73 per share, for a total transaction of $68,250.00. Following the completion of the transaction, the chief executive officer now owns 650,912 shares of the company’s stock, valued at $1,776,989.76. This trade represents a 3.99 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have bought 31,891 shares of company stock worth $80,490. 18.70% of the stock is owned by company insiders.

Paltalk Price Performance

Shares of NASDAQ PALT opened at $2.01 on Tuesday. The stock has a market capitalization of $18.57 million, a price-to-earnings ratio of -5.91 and a beta of 0.84. The firm’s 50 day simple moving average is $2.39 and its 200-day simple moving average is $3.34. Paltalk, Inc. has a 12 month low of $1.67 and a 12 month high of $5.50.

About Paltalk

Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user’s existing cell phone or land line telephone number.