Oaktree Capital Management Lp buys $3,649,750 stake in Blucora Inc (BCOR)

Blucora Inc (BCOR) : Oaktree Capital Management Lp scooped up 80,000 additional shares in Blucora Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 325,000 shares of Blucora Inc which is valued at $3,649,750.Blucora Inc makes up approximately 0.14% of Oaktree Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Group One Trading sold out all of its stake in BCOR during the most recent quarter. The investment firm sold 4,024 shares of BCOR which is valued $45,190.Tower Research Capital (trc) reduced its stake in BCOR by selling 6,279 shares or 73.77% in the most recent quarter. The Hedge Fund company now holds 2,233 shares of BCOR which is valued at $25,077.Teacher Retirement System Of Texas boosted its stake in BCOR in the latest quarter, The investment management firm added 659 additional shares and now holds a total of 5,445 shares of Blucora Inc which is valued at $59,405.Lsv Asset Management reduced its stake in BCOR by selling 116,000 shares or 63.91% in the most recent quarter. The Hedge Fund company now holds 65,500 shares of BCOR which is valued at $694,955. Lasalle Street Capital Management added BCOR to its portfolio by purchasing 16,503 company shares during the most recent quarter which is valued at $208,763. Blucora Inc makes up approx 0.19% of Lasalle Street Capital Management’s portfolio.

Blucora Inc closed down -0.14 points or -1.31% at $10.56 with 3,45,815 shares getting traded on Monday. Post opening the session at $10.68, the shares hit an intraday low of $10.51 and an intraday high of $10.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Blucora Inc reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.52. The company had revenue of $120.11 million for the quarter, compared to analysts expectations of $123.62 million. The company’s revenue was up 288.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Blucora Inc. is an operator of a portfolio of Internet businesses. The Company operates through three segments: Search and Content Tax Preparation and E-Commerce. Its Search and Content business operates through its InfoSpace LLC subsidiary (InfoSpace) and provides search services to users of the Company owned and operated and distribution partners’ Web properties as well as online content. Its Tax Preparation business consists of the operations of TaxACT Inc. (TaxACT) and provides online tax preparation service for individuals tax preparation software for individuals and professional tax preparers and ancillary services. Its E-Commerce business consists of the operations of Monoprice Inc. (Monoprice) and sells self-branded electronics and accessories to both consumers and businesses.

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