Northern Right Capital Management buys $2,089,518 stake in Limelight Networks (LLNW)

Limelight Networks (LLNW) : Northern Right Capital Management scooped up 315,104 additional shares in Limelight Networks 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 1,194,010 shares of Limelight Networks which is valued at $2,089,518.Limelight Networks makes up approximately 2.72% of Northern Right Capital Management’s portfolio.

Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec reduced its stake in LLNW by selling 180,000 shares or 6.32% in the most recent quarter. The Hedge Fund company now holds 2,670,000 shares of LLNW which is valued at $4,672,500. Limelight Networks makes up approx 0.01% of Caisse De Depot Et Placement Du Quebec’s portfolio. Omers Administration Corp sold out all of its stake in LLNW during the most recent quarter. The investment firm sold 28,515 shares of LLNW which is valued $49,901.Rhumbline Advisers reduced its stake in LLNW by selling 18,000 shares or 19.44% in the most recent quarter. The Hedge Fund company now holds 74,615 shares of LLNW which is valued at $130,576.Blackrock Institutional Trust Company N.a. reduced its stake in LLNW by selling 5,737 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 2,815,911 shares of LLNW which is valued at $4,927,844.

Limelight Networks (LLNW) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $1.81 and reached the intraday high at $1.84. The bulls started the profit booking and pushed the shares to intraday low of $1.74. The trading session was marked by a volume range of 96,629 shares exchanging hands. The 52-week high of the shares is $2.575 and the 52-week low is $0.9. The market cap of the company stands at $186 M and there are 10,46,74,965 shares in public circulation.

On the company’s financial health, Limelight Networks reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.01. The company had revenue of $43.56 million for the quarter, compared to analysts expectations of $43.21 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.04 EPS.

Limelight Networks Inc. (Limelight) operates a globally distributed computing platform and provides a suite of integrated services. The Company’s suite of integrated services include content delivery services mobile delivery services video content management services performance services and cloud storage services. These four primary service groups work collectively to enable organizations to deliver digital content to a range of devices across the world and are collectively referred to as the Limelight Orchestrate Platform (the Orchestrate Platform). These services provide features including video publishing mobile enablement content delivery Website and Web application acceleration transcoding and cloud storage. The Company’s solutions include enterprise Web media and broadcasters and gaming. It also offers professional services and other infrastructure services such as transit and rack space services.

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