Towerview Lowers stake in RealNetworks Inc (RNWK)

RealNetworks Inc (RNWK) : Towerview reduced its stake in RealNetworks Inc by 0.77% during the most recent quarter end. The investment management company now holds a total of 200,000 shares of RealNetworks Inc which is valued at $852,000 after selling 1,542 shares in RealNetworks Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.RealNetworks Inc makes up approximately 0.36% of Towerview’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp sold out all of its stake in RNWK during the most recent quarter. The investment firm sold 1,551 shares of RNWK which is valued $6,623.Bnp Paribas Arbitrage Sa boosted its stake in RNWK in the latest quarter, The investment management firm added 774 additional shares and now holds a total of 917 shares of RealNetworks Inc which is valued at $3,732.

RealNetworks Inc opened for trading at $4.14 and hit $4.24 on the upside on Wednesday, eventually ending the session at $4.22, with a gain of 2.93% or 0.12 points. The heightened volatility saw the trading volume jump to 32,152 shares. Company has a market cap of $155 M.

RealNetworks Inc. (RealNetworks) is engaged in creating applications and services which help in connecting with digital media. The Company provides the digital media services and products it creates to consumers mobile carriers and other businesses. The Company operates through three segments: RealPlayer Group Mobile Entertainment and Games. The Company’s RealPlayer Group business consists of its video sharing and storage product RealPlayer Cloud. Its Mobile Entertainment consists of the digital media services it provides to network service providers as software as a service (SaaS) offerings. The Company owns and operates casual games service offering casual games via digital downloads online subscription play third-party portals social networks and mobile devices.

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