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Clark Street Value sold its position in Marchex Inc (NASDAQ:MCHX) stock. Clark Street Value is an individual investor that is focused on finding value and special situation investments. Marchex Inc (NASDAQ:MCHX) is a B2B call and conversational analytics company. In the last one year, Marchex Inc (NASDAQ:MCHX) stock lost 38.8% and on January 5th it had a closing price of $2.26.
Clark Street Value said that it sold its position in Marchex Inc (NASDAQ:MCHX) stock after the tender offer was bumped up. The investor added, "several people reach out to me saying their call analytics software is best-in-class so there might be something there to those interested in small cap software businesses."
In Q3 2020, the number of bullish hedge fund positions on Marchex Inc (NASDAQ:MCHX) stock decreased by about 17% from the previous quarter (see the chart here), so a number of other hedge fund managers don't believe in Marchex's growth potential. Our calculations showed that Marchex Inc (NASDAQ:MCHX) isn't ranked among the 30 most popular stocks among hedge funds.
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Video: Top 5 Stocks Among Hedge Funds
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Disclosure: None. This article is originally published at Insider Monkey.