Dialectic Capital Management Lp buys $4,753,195 stake in Covisint Corp (COVS)

Covisint Corp (COVS) : Dialectic Capital Management Lp scooped up 578,142 additional shares in Covisint Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,353,067 shares of Covisint Corp which is valued at $4,753,195.Covisint Corp makes up approximately 4.30% of Dialectic Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Roumell Asset Management reduced its stake in COVS by selling 57,105 shares or 2.82% in the most recent quarter. The Hedge Fund company now holds 1,969,187 shares of COVS which is valued at $3,977,758. Covisint Corp makes up approx 8.06% of Roumell Asset Management’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in COVS by selling 250,248 shares or 23.96% in the most recent quarter. The Hedge Fund company now holds 794,276 shares of COVS which is valued at $1,604,438.Boston Partners reduced its stake in COVS by selling 88,791 shares or 7.93% in the most recent quarter. The Hedge Fund company now holds 1,031,592 shares of COVS which is valued at $2,176,659.

Covisint Corp closed down -0.06 points or -2.70% at $2.16 with 22,462 shares getting traded on Thursday. Post opening the session at $2.15, the shares hit an intraday low of $2.11 and an intraday high of $2.2 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Covisint Corporation provides cloud engagement platform for enabling organizations to securely connect engage and collaborate with large distributed communities of customers business partners and suppliers. The Company’s Platform-as-a-Service offering enables global organizations to securely connect engage and collaborate with large extended networks of customers business partners suppliers and other third parties. The Company is a wholly-owned subsidiary of Compuware Corporation. The Company’s solutions enables organizations to connect engage and collaborate with the critical external audiences that define their success including customers business partners and suppliers. Covisint allows its clients to establish a secure reliable integrated presence in the cloud and offers the kind of engaging information experiences that people everywhere have come to expect.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *