Penbrook Management LLC Sells 13,325 Shares of Asure Software Inc $ASUR

Penbrook Management LLC trimmed its position in shares of Asure Software Inc (NASDAQ:ASUR) by 12.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,660 shares of the technology company’s stock after selling 13,325 shares during the period. Penbrook Management LLC owned about 0.33% of Asure Software worth $875,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Inspire Investing LLC bought a new position in Asure Software during the 1st quarter valued at about $703,000. Jane Street Group LLC bought a new position in Asure Software during the 1st quarter valued at about $240,000. American Century Companies Inc. grew its holdings in Asure Software by 23.5% during the 1st quarter. American Century Companies Inc. now owns 48,562 shares of the technology company’s stock valued at $464,000 after purchasing an additional 9,249 shares during the last quarter. Nuveen LLC bought a new position in Asure Software during the 1st quarter valued at about $709,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Asure Software by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 67,467 shares of the technology company’s stock valued at $644,000 after buying an additional 2,791 shares during the period. 71.58% of the stock is currently owned by institutional investors.

Insider Activity at Asure Software

In other Asure Software news, Director William Carl Drew purchased 25,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of $8.30 per share, with a total value of $207,500.00. Following the transaction, the director owned 103,165 shares of the company’s stock, valued at approximately $856,269.50. This trade represents a 31.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick Goepel purchased 5,250 shares of the stock in a transaction dated Wednesday, August 6th. The stock was acquired at an average cost of $8.16 per share, with a total value of $42,840.00. Following the transaction, the chief executive officer directly owned 1,307,622 shares in the company, valued at approximately $10,670,195.52. This trade represents a 0.40% increase in their position. The disclosure for this purchase can be found here. 8.70% of the stock is currently owned by corporate insiders.

Asure Software Price Performance

Shares of ASUR opened at $8.22 on Tuesday. The company has a 50 day moving average price of $8.20 and a 200-day moving average price of $9.22. Asure Software Inc has a fifty-two week low of $7.51 and a fifty-two week high of $12.74. The stock has a market capitalization of $225.39 million, a PE ratio of -14.17, a PEG ratio of 0.99 and a beta of 0.44. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.27 and a current ratio of 1.27.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ASUR shares. Barrington Research reissued an “outperform” rating and issued a $15.00 price objective on shares of Asure Software in a research report on Tuesday, September 23rd. Needham & Company LLC lowered their price objective on shares of Asure Software from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.60.

Asure Software Company Profile

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.