Exela Technologies, Inc. (NASDAQ:XELA) CEO Ronald Clark Cogburn Purchases 13,757 Shares

Exela Technologies, Inc. (NASDAQ:XELA) CEO Ronald Clark Cogburn bought 13,757 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were purchased at an average cost of $1.65 per share, for a total transaction of $22,699.05. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NASDAQ XELA traded down $0.13 during trading on Friday, hitting $2.38. The company had a trading volume of 228,976 shares, compared to its average volume of 184,878. Exela Technologies, Inc. has a one year low of $1.65 and a one year high of $7.34. The firm has a market capitalization of $376.86 million, a P/E ratio of -3.09 and a beta of 1.35. The stock has a fifty day simple moving average of $2.12.

Exela Technologies (NASDAQ:XELA) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.03). The business had revenue of $403.77 million for the quarter. Equities analysts expect that Exela Technologies, Inc. will post -0.35 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on XELA shares. Zacks Investment Research raised shares of ZovioInc . from a “sell” rating to a “hold” rating in a research note on Sunday, July 14th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Exela Technologies currently has a consensus rating of “Buy” and a consensus target price of $7.56.

Hedge funds and other institutional investors have recently modified their holdings of the business. Nantahala Capital Management LLC increased its stake in shares of Exela Technologies by 26.1% in the 4th quarter. Nantahala Capital Management LLC now owns 8,401,832 shares of the company’s stock worth $32,683,000 after acquiring an additional 1,739,250 shares in the last quarter. Gates Capital Management Inc. increased its stake in Exela Technologies by 10.4% during the 4th quarter. Gates Capital Management Inc. now owns 5,890,348 shares of the company’s stock valued at $22,913,000 after purchasing an additional 557,172 shares in the last quarter. BlackRock Inc. increased its stake in Exela Technologies by 2.2% during the 4th quarter. BlackRock Inc. now owns 2,428,466 shares of the company’s stock valued at $9,447,000 after purchasing an additional 52,284 shares in the last quarter. Geode Capital Management LLC increased its stake in Exela Technologies by 18.8% during the 4th quarter. Geode Capital Management LLC now owns 599,477 shares of the company’s stock valued at $2,331,000 after purchasing an additional 94,845 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Exela Technologies by 13.6% during the 4th quarter. Northern Trust Corp now owns 541,362 shares of the company’s stock valued at $2,106,000 after purchasing an additional 64,868 shares in the last quarter. Institutional investors and hedge funds own 43.72% of the company’s stock.

About Exela Technologies

Exela Technologies, Inc (Exela), formerly Quinpario Acquisition Corp. 2, is engaged in providing information and transaction processing solutions. The Company’s segments include Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS).

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