Mario Gabelli’s Gamco Investors, Inc Et Al Bought More Internap Corp Shares

April 17, 2018 - By Darrin Black

Internap Corporation (NASDAQ:INAP) LogoInvestors sentiment decreased to 0 in Q4 2017. Its down 1.07, from 1.07 in 2017Q3. It dived, as 88 investors sold Internap Corporation shares while 4 reduced holdings. 0 funds opened positions while 0 raised stakes. 58,432 shares or 99.92% less from 72.36 million shares in 2017Q3 were reported.

Eidelman Virant Cap holds 21,000 shares or 0.19% of its portfolio. Focused Wealth Mgmt holds 0% or 25 shares. Macquarie Grp Inc stated it has 36,907 shares or 0% of all its holdings. West Oak Limited Liability Co reported 0% stake.

Mario Gabelli’s Gamco Investors, Inc Et Al Reported increased Stake in Internap Corp

Gamco Investors, Inc Et Al filed with SEC a SC 13D/A form for Internap Corp. It can be found at: 000080724918000081. As reported by Mario Gabelli’s Gamco Investors, Inc Et Al, the filler increased its stake in the stock by 5.64 % for 2,334,644 shares. Mario Gabelli’s Gamco Investors, Inc Et Al currently owns 11.02% of the Information Technology- stock. Date of activity: April 12, 2018.

The hedge fund is investor in the Finance sector.

Internap Corp Institutional Sentiment

Filings show 93 investors own Internap Corp. The ownership in Q3 2017 is high, at 360.74 % of the outstanding shares. This is increased by 4228622. 72364766 were owned by these investors. 19 funds opened new Internap Corp stakes, 30 increased positions. There were 14 that closed positions and 32 reduced them.

Eam Investors Llc is an investor bullish on Internap Corp, owning 1161840 shares as of Q3 2017 for 0.67% of its portfolio. Peter S. Park Park West Asset Management Llc owns 7929461 shares or 2.06% of its portfolio. DC Avenir Corp have 2.90% of its portfolio for 7759424 shares. Further, Cannell Capital Llc reported stake worth 2.30% of its portfolio. The NY Pinnacle Associates Ltd owns 185750 shares. Internap Corp is 0.01% of its portfolio.

Business Profile

Internap Corporation is a technology provider of Internet infrastructure. The Company provides Internet infrastructure through both Colocation Business and Enterprise Services and Cloud Services. The Company operates through two segments: Data Center and Network Services, and Cloud and Hosting Services. Its Data Center and Network Services segment consists of colocation and Internet Protocol (IP) connectivity services. Colocation involves providing physical space within data centers and associated services, such as power, interconnection, environmental controls, monitoring and security while allowing its customers to deploy and manage their servers, storage and other equipment in its secure data centers. Its cloud and hosting services segment consists of hosted Infrastructure-as-a-Service as a cloud platform or through managed hosting. For both Infrastructure-as-a-Service options, the Company provides and maintains the hardware, data center infrastructure and interconnection.

SEC Form 13D.

Analysts await Internap Corporation (NASDAQ:INAP) to report earnings on May, 9. They expect $-0.60 EPS, down 66.67 % or $0.24 from last year’s $-0.36 per share. After $-0.33 actual EPS reported by Internap Corporation for the previous quarter, Wall Street now forecasts 81.82 % negative EPS growth.

The stock increased 3.34% or $0.38 during the last trading session, reaching $11.76. About 179,502 shares traded. Internap Corporation (NASDAQ:INAP) has declined 26.19% since April 17, 2017 and is downtrending. It has underperformed by 37.74% the S&P500.

Internap Corporation operates as a technology well-known provider of Internet infrastructure services. The company has market cap of $236.69 million. It operates through two business divisions, Data Center and Network Services, and Cloud and Hosting Services. It currently has negative earnings. The Data Center and Network Services segment offers colocation services, including physical space within data centers and related services, such as power, interconnection, environmental controls, monitoring, and security; and Internet protocol connectivity services comprising its patented Performance IP and content delivery network services, IP routing hardware and software platforms, and Managed Internet Route Optimizer controllers.

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