Tower Research Capital LLC TRC Has $60,000 Position in Innodata Inc. (NASDAQ:INOD)

Tower Research Capital LLC TRC reduced its stake in shares of Innodata Inc. (NASDAQ:INOD) by 20.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,329 shares of the technology company’s stock after selling 1,872 shares during the period. Tower Research Capital LLC TRC’s holdings in Innodata were worth $60,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of INOD. Essex Investment Management Co. LLC bought a new stake in shares of Innodata in the 4th quarter valued at approximately $1,299,000. Cary Street Partners Investment Advisory LLC bought a new stake in Innodata in the fourth quarter worth approximately $187,000. Montag A & Associates Inc. bought a new stake in Innodata in the fourth quarter worth approximately $33,000. Private Advisor Group LLC increased its stake in shares of Innodata by 8.5% during the 4th quarter. Private Advisor Group LLC now owns 12,700 shares of the technology company’s stock worth $103,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Innodata during the 4th quarter valued at $53,000. 30.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of Innodata from a “d” rating to a “c-” rating in a report on Friday, February 23rd.

Innodata Stock Up 1.9 %

Shares of NASDAQ INOD traded up $0.11 during mid-day trading on Monday, reaching $6.03. 467,300 shares of the company traded hands, compared to its average volume of 473,479. The company’s fifty day moving average is $6.68 and its two-hundred day moving average is $7.82. 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 fifty-two week low of $5.46 and a fifty-two week high of $15.36. The stock has a market cap of $173.36 million, a PE ratio of -120.60 and a beta of 1.96.

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

Innodata Company 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.