B. Riley Financial Inc. acquired a new position in shares of magicJack VocalTec Ltd (NASDAQ:CALL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,249,600 shares of the technology company’s stock, valued at approximately $10,559,000. magicJack VocalTec comprises 2.8% of B. Riley Financial Inc.’s holdings, making the stock its biggest position. B. Riley Financial Inc. owned about 0.08% of magicJack VocalTec at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Virtu Financial LLC bought a new position in magicJack VocalTec during the 4th quarter worth $160,000. Citadel Advisors LLC grew its stake in magicJack VocalTec by 110.1% during the 3rd quarter. Citadel Advisors LLC now owns 39,718 shares of the technology company’s stock worth $284,000 after buying an additional 20,818 shares during the last quarter. Cutler Group LP grew its stake in magicJack VocalTec by 610.4% during the 4th quarter. Cutler Group LP now owns 45,389 shares of the technology company’s stock worth $383,000 after buying an additional 39,000 shares during the last quarter. HGC Investment Management Inc. bought a new position in magicJack VocalTec during the 4th quarter worth $423,000. Finally, Discovery Group I LLC bought a new position in magicJack VocalTec during the 3rd quarter worth $700,000. Hedge funds and other institutional investors own 60.97% of the company’s stock.
Separately, ValuEngine upgraded magicJack VocalTec from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 9th.
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magicJack VocalTec Profile
magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer.
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