Thryv Holdings, Inc. (NASDAQ:THRY) Shares Sold by Denali Advisors LLC

Denali Advisors LLC decreased its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 48.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,640 shares of the company’s stock after selling 33,600 shares during the quarter. Denali Advisors LLC owned approximately 0.10% of Thryv worth $792,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harspring Capital Management LLC lifted its holdings in shares of Thryv by 23.2% in the 4th quarter. Harspring Capital Management LLC now owns 345,000 shares of the company’s stock valued at $7,021,000 after purchasing an additional 65,000 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Thryv by 73.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company’s stock valued at $27,433,000 after acquiring an additional 570,190 shares during the period. LB Partners LLC purchased a new position in shares of Thryv during the fourth quarter worth approximately $1,018,000. Minerva Advisors LLC increased its holdings in shares of Thryv by 382.0% in the 3rd quarter. Minerva Advisors LLC now owns 239,551 shares of the company’s stock valued at $4,494,000 after acquiring an additional 189,848 shares during the period. Finally, Graham Capital Management L.P. purchased a new stake in Thryv in the 3rd quarter valued at $309,000. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Stock Up 0.3 %

THRY opened at $17.52 on Thursday. The business has a 50 day moving average price of $20.56 and a two-hundred day moving average price of $20.84. Thryv Holdings, Inc. has a 52 week low of $15.99 and a 52 week high of $26.42. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.77.

Thryv (NASDAQ:THRY) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.15). The company had revenue of $233.62 million for the quarter, compared to analyst estimates of $226.66 million. Thryv had a positive return on equity of 3.07% and a negative net margin of 28.75%. Thryv’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. On average, equities research analysts predict that Thryv Holdings, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of Thryv in a research report on Wednesday, May 15th.

Insiders Place Their Bets

In other Thryv news, CEO Joe Walsh bought 2,500 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average cost of $21.11 per share, with a total value of $52,775.00. Following the purchase, the chief executive officer now owns 500,567 shares in the company, valued at approximately $10,566,969.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.80% of the stock is currently owned by insiders.

About Thryv

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.