Heron Bay Capital Management Has $110,000 Holdings in Zedge, Inc. (NYSEAMERICAN:ZDGE)

Heron Bay Capital Management lessened its position in Zedge, Inc. (NYSEAMERICAN:ZDGE) by 45.8% in the fourth quarter, HoldingsChannel reports. The fund owned 40,865 shares of the company’s stock after selling 34,479 shares during the quarter. Heron Bay Capital Management’s holdings in Zedge were worth $110,000 as of its most recent SEC filing.

Separately, FMR LLC boosted its position in shares of Zedge by 30.2% during the third quarter. FMR LLC now owns 44,414 shares of the company’s stock valued at $164,000 after buying an additional 10,293 shares during the last quarter. 29.37% of the stock is owned by institutional investors.

Zedge Stock Performance

Shares of NYSEAMERICAN:ZDGE opened at $2.35 on Friday. The company has a market cap of $32.01 million, a P/E ratio of -3.51 and a beta of 1.25. Zedge, Inc. has a 12-month low of $1.93 and a 12-month high of $4.37.

About Zedge

Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.