Heron Bay Capital Management Increases Stock Position in Zedge, Inc. (NYSEAMERICAN:ZDGE)

Heron Bay Capital Management boosted its holdings in Zedge, Inc. (NYSEAMERICAN:ZDGE) by 45.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,762 shares of the company’s stock after purchasing an additional 16,838 shares during the quarter. Heron Bay Capital Management owned about 0.39% of Zedge worth $164,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. lifted its position in Zedge by 20.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 50,166 shares of the company’s stock worth $139,000 after acquiring an additional 8,625 shares during the period. Renaissance Technologies LLC raised its stake in shares of Zedge by 2.9% during the second quarter. Renaissance Technologies LLC now owns 505,014 shares of the company’s stock worth $1,540,000 after purchasing an additional 14,404 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Zedge by 17.4% during the second quarter. Dimensional Fund Advisors LP now owns 108,035 shares of the company’s stock worth $330,000 after purchasing an additional 16,028 shares during the period. Finally, Ritholtz Wealth Management purchased a new position in Zedge in the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 29.37% of the company’s stock.

Zedge Price Performance

NYSEAMERICAN ZDGE opened at $3.18 on Friday. Zedge, Inc. has a 52-week low of $1.70 and a 52-week high of $5.18. The stock has a market cap of $44.36 million, a P/E ratio of -4.97 and a beta of 1.26.

Zedge Profile

Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.