White Pine Capital LLC Purchases 15,055 Shares of Innodata Inc. (NASDAQ:INOD)

White Pine Capital LLC increased its position in shares of Innodata Inc. (NASDAQ:INOD) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,734 shares of the technology company’s stock after purchasing an additional 15,055 shares during the quarter. White Pine Capital LLC owned 0.46% of Innodata worth $1,064,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of INOD. Trexquant Investment LP raised its stake in Innodata by 359.9% during the third quarter. Trexquant Investment LP now owns 141,810 shares of the technology company’s stock worth $1,210,000 after acquiring an additional 110,978 shares in the last quarter. Raymond James & Associates acquired a new position in shares of Innodata in the third quarter valued at approximately $590,000. Legato Capital Management LLC acquired a new position in shares of Innodata in the fourth quarter valued at approximately $520,000. Atria Wealth Solutions Inc. acquired a new position in shares of Innodata in the third quarter valued at approximately $103,000. Finally, Private Advisor Group LLC acquired a new position in shares of Innodata in the third quarter valued at approximately $100,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet raised Innodata from a “d” rating to a “c-” rating in a research note on Friday, February 23rd.

Innodata Trading Up 4.0 %

NASDAQ:INOD traded up $0.23 on Friday, reaching $5.92. 338,936 shares of the stock traded hands, compared to its average volume of 266,993. The company’s 50 day moving average is $6.72 and its 200-day moving average is $7.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.40. Innodata Inc. has a 1-year low of $5.46 and a 1-year high of $15.36.

Innodata (NASDAQ:INOD) last released its earnings results on Thursday, February 22nd. The technology company reported $0.05 earnings per share for the quarter. The business had revenue of $26.11 million during the quarter. Innodata had a negative net margin of 1.05% and a negative return on equity of 4.14%.

Innodata Profile

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.