Aigen Investment Management LP Has $182,000 Position in N-able, Inc. (NYSE:NABL)

Aigen Investment Management LP grew its holdings in N-able, Inc. (NYSE:NABL) by 38.4% in the third quarter, Holdings Channel.com reports. The firm owned 13,915 shares of the company’s stock after purchasing an additional 3,863 shares during the period. Aigen Investment Management LP’s holdings in N-able were worth $182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NABL. Summit Securities Group LLC purchased a new stake in N-able in the 2nd quarter worth about $30,000. GAMMA Investing LLC boosted its holdings in shares of N-able by 644.2% during the second quarter. GAMMA Investing LLC now owns 3,654 shares of the company’s stock worth $56,000 after purchasing an additional 3,163 shares during the period. Entropy Technologies LP purchased a new position in N-able during the third quarter valued at approximately $149,000. ProShare Advisors LLC increased its stake in N-able by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 14,094 shares of the company’s stock valued at $184,000 after buying an additional 971 shares during the period. Finally, Summit Global Investments purchased a new stake in N-able in the 2nd quarter worth approximately $191,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

N-able Stock Performance

NABL stock opened at $10.54 on Friday. The firm has a 50 day moving average of $12.39 and a two-hundred day moving average of $13.15. N-able, Inc. has a 12 month low of $10.52 and a 12 month high of $15.48. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 52.70 and a beta of 0.47. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43.

N-able (NYSE:NABL) last posted its earnings results on Thursday, November 7th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. N-able had a net margin of 8.08% and a return on equity of 6.31%. The firm had revenue of $116.40 million for the quarter, compared to the consensus estimate of $114.75 million. During the same period in the prior year, the business posted $0.03 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts anticipate that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Insider Activity

In other N-able news, EVP Peter C. Anastos sold 16,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $13.04, for a total transaction of $208,640.00. Following the transaction, the executive vice president now owns 322,774 shares in the company, valued at $4,208,972.96. This trade represents a 4.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.43% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on NABL. BMO Capital Markets lowered their price target on shares of N-able from $14.00 to $13.50 and set a “market perform” rating on the stock in a report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $16.50 target price on shares of N-able in a research note on Monday, November 11th.

About N-able

N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.