A Major Shareholder at Spark Networks Plc (NYSE MKT: LOV) is Buying Shares

By George MacDonald

Today, a Major Shareholder at Spark Networks Plc (NYSE MKT: LOV), Lloyd I. Miller, bought shares of LOV for $820.6k.

Lloyd I. Miller increased his holding by 8.04% to a total of $43.27. Over the last month, Lloyd I. Miller has reported 6 Buy trades on LOV for a total of $162.5k.

LOV’s market cap is $97.88M and the company has a P/E ratio of 24.8%. The company has a one year high of $5.10 and a one year low of $2.76. Currently, Spark Networks Plc has an average volume of 4,881.

Three different firms, including B. Riley and Canaccord Genuity, currently also have a Buy rating on the stock.

Looking at blogger coverage of LOV, there is a 100% Bullish tendency on the stock, in relation to a 65% average bullish tendency within the Technology sector.

Over the last 3 months, the insider sentiment on Spark Networks Plc has been positive based on 38 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

Spark Networks Inc owns and operates niche-focused online properties designed to build community. It provides online personals services which includes the posting of a personal profile and photos, and access to its database of profiles.