GSA Capital Partners LLP Invests $65,000 in Paltalk, Inc. (NASDAQ:PALT)

GSA Capital Partners LLP acquired a new position in Paltalk, Inc. (NASDAQ:PALT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the company’s stock, valued at approximately $65,000.

Separately, Virtu Financial LLC purchased a new position in shares of Paltalk in the first quarter valued at approximately $75,000. Institutional investors own 3.88% of the company’s stock.

Insider Activity at Paltalk

In related news, CEO Jason Katz acquired 25,000 shares of Paltalk stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $2.73 per share, for a total transaction of $68,250.00. Following the completion of the transaction, the chief executive officer now owns 650,912 shares in the company, valued at $1,776,989.76. This represents a 3.99 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders acquired 31,891 shares of company stock valued at $80,490. Corporate insiders own 18.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Maxim Group reiterated a “hold” rating on shares of Paltalk in a research report on Wednesday, August 14th.

Paltalk Stock Up 11.4 %

Paltalk stock opened at $2.01 on Tuesday. The company has a fifty day simple moving average of $2.39 and a 200-day simple moving average of $3.34. The firm has a market capitalization of $18.57 million, a price-to-earnings ratio of -5.91 and a beta of 0.84. Paltalk, Inc. has a 52-week low of $1.67 and a 52-week high of $5.50.

Paltalk Profile

Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user’s existing cell phone or land line telephone number.