GSA Capital Partners LLP Acquires New Shares in MediaAlpha, Inc. (NYSE:MAX)

GSA Capital Partners LLP bought a new position in MediaAlpha, Inc. (NYSE:MAX - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 44,418 shares of the company's stock, valued at approximately $804,000. GSA Capital Partners LLP owned approximately 0.07% of MediaAlpha as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Westfield Capital Management Co. LP acquired a new position in MediaAlpha during the 1st quarter worth about $364,000. Vanguard Group Inc. grew its holdings in MediaAlpha by 15.0% during the 1st quarter. Vanguard Group Inc. now owns 2,119,189 shares of the company's stock worth $43,168,000 after acquiring an additional 276,641 shares during the period. Acadian Asset Management LLC bought a new position in shares of MediaAlpha in the 1st quarter worth about $1,118,000. Hillsdale Investment Management Inc. acquired a new position in shares of MediaAlpha in the 1st quarter valued at about $4,062,000. Finally, EntryPoint Capital LLC acquired a new position in MediaAlpha in the first quarter valued at approximately $136,000. 64.39% of the stock is currently owned by institutional investors.

MediaAlpha Stock Performance

MAX traded down $0.63 during mid-day trading on Friday, reaching $11.74. 396,144 shares of the stock were exchanged, compared to its average volume of 828,648. The company has a 50 day moving average price of $17.06 and a two-hundred day moving average price of $16.72. The stock has a market capitalization of $778.36 million, a PE ratio of 69.06 and a beta of 1.23. MediaAlpha, Inc. has a 1 year low of $9.13 and a 1 year high of $25.78.

MediaAlpha (NYSE:MAX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. MediaAlpha had a net margin of 1.41% and a negative return on equity of 11.98%. The firm had revenue of $259.13 million during the quarter, compared to analyst estimates of $246.96 million. Sell-side analysts expect that MediaAlpha, Inc. will post 0.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on MAX. The Goldman Sachs Group increased their price objective on shares of MediaAlpha from $20.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods restated an "outperform" rating and set a $26.00 price objective (up previously from $25.00) on shares of MediaAlpha in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, MediaAlpha has an average rating of "Moderate Buy" and an average price target of $25.14.

Insiders Place Their Bets

In other MediaAlpha news, insider Eugene Nonko sold 72,000 shares of the business's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $20.67, for a total value of $1,488,240.00. Following the transaction, the insider now directly owns 1,550,990 shares in the company, valued at $32,058,963.30. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.53% of the company's stock.

About MediaAlpha

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.