Cannell Capital Increases Exposure to Small-Caps with Health Insurance Innovations Inc (HIIQ)

Jive Software Inc (NASDAQ:JIVE) is another new pick of Cannell Capital, which disclosed holding 424,047 shares valued at $2.18 million. The stock of the $420 million social business platform provider has declined by 6.50% year-to-date. Jive Software Inc (NASDAQ:JIVE) disappointed the market with its recent quarterly  results, which included a loss of $0.1 per share, versus the estimates of  a loss of $0.01. Analysts are expecting a loss of $0.16 per share for the current fiscal quarter. The stock of Jive Software Inc (NASDAQ:JIVE) has received an average rating of “Hold” with a 12-month price target of $6.38. Ahmet Okumus’s Okumus Fund Management and Raging Capital Management are among some of the primary stockholders of Jive Software Inc (NASDAQ:JIVE).

Cannell Capital initiated a stake in Ring Energy Inc (NYSEMKT:REI) with 150,004 shares, valued at $1.59 million. The energy company has done fairly well in 2015 with its stock rising 14.86% year-to-date. Ring Energy Inc (NYSEMKT:REI) has recently completed an underwritten public stock offering of 4.5 million shares at a price of $11.50 per unit., with net proceeds totalling around $49 million. In addition, last month the company announced the purchase of 14,000 net acres of property in Delaware Basin with a working interest of 98% and net revenue interest amounting to 78%. Marc Lisker, Glenn Fuhrman and John Phelan’s MSDC Management and David Zusman‘s Talara Capital Management are two other investors with significant stakes in Ring Energy Inc (NYSEMKT:REI) as of the end of March.

Disclosure: none