Millennium Management LLC Makes New Investment in Paltalk, Inc. (NASDAQ:PALT)

Millennium Management LLC bought a new stake in Paltalk, Inc. (NASDAQ:PALT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,950 shares of the company’s stock, valued at approximately $30,000. Millennium Management LLC owned 0.16% of Paltalk as of its most recent SEC filing.

Separately, Citadel Advisors LLC bought a new stake in shares of Paltalk in the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 3.88% of the company’s stock.

Paltalk Price Performance

Shares of PALT opened at $1.99 on Friday. The company has a market cap of $18.34 million, a P/E ratio of -5.84 and a beta of 0.91. The stock has a fifty day moving average price of $1.92 and a 200 day moving average price of $1.93. Paltalk, Inc. has a 12 month low of $1.52 and a 12 month 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.