Follow The 13GDs: Professional Diversity Network, Inc: White Winston Select Asset Funds Opened Big New Position

Follow The 13GDs: Professional Diversity Network, Inc: White Winston Select Asset Funds Opened Big New Position

The New White Winston Select Asset Funds Holding in Professional Diversity Network, Inc

White Winston Select Asset Funds filed with the SEC SC 13D/A form for Professional Diversity Network, Inc. The form can be accessed here: 000119312516770874. As reported in White Winston Select Asset Funds’s form, the filler as of late owns 9.9% or 371,445 shares of the Information Technology–company.

Professional Diversity Network, Inc stake is a new one for the and it was filed because of activity on November 7, 2016. We feel this shows White Winston Select Asset Funds’s positive view for the stock.

Reasons Why White Winston Select Asset Funds Bought – Professional Diversity Network, Inc Stock

Item4.Purpose of Transaction

The Fund acquired the Warrants and the Issued Shares in the belief that the Common Stock is undervalued.

On June30, 2016, the Fund and the Issuer entered into the Master Credit Facility pursuant to which the Fund extended a line of credit tothe Issuer and certain of its subsidiaries (the “Loan”). Concurrently, the Fund and the Issuer entered into a Board Representation Agreement (the “Board Agreement”) pursuant to which the Fund was granted the right to nominatepersons to serve as directors of the Issuer and, subject to satisfaction of certain conditions, the Issuer agreed to recommend such nominees to the Issuer’s stockholders for election to the Issuer’s Board. In addition, the ReportingPersons had the right to provide information on other qualified Board candidates who could be considered for Board representation based upon the Issuer’s standard policies for the election of Board members as set forth in its annual ProxyStatement.

On November7, 2016, the Issuer repaid the Loan in full. Concurrent with the repayment of the Loan, the Master CreditFacility and the Board Agreement were terminated.

The Reporting Persons may, from time to time and at any time: (i)acquireadditional shares of Common Stock and/or other equity, debt, notes, instruments or other securities, if any, of the Issuer or its affiliates in the open market or otherwise; (ii)dispose of any or all of their Warrants, the Issued Shares orother shares acquired upon exercise of the Warrants in the open market or otherwise; or (iii)engage in any hedging or similar transaction with respect to the Warrants, the Issued Shares or other shares acquired upon exercise of the Warrants.

Professional Diversity Network, Inc Institutional Sentiment

Latest Security and Exchange filings show 10 investors own Professional Diversity Network, Inc. The institutional ownership in Q3 2015 is low, at 56.80% of the outstanding shares. This is increased by 65457 the total institutional shares. 2056022 were the shares owned by these institutional investors. In total 2 funds opened new Professional Diversity Network, Inc stakes, 2 increased stakes. There were 3 that closed positions and 1 reduced them.

Clear Harbor Asset Management Llc is an institutional investor bullish on Professional Diversity Network, Inc, owning 30705 shares as of Q3 2015 for 0.01% of its portfolio. Perritt Capital Management Inc owns 203200 shares or 0.03% of its portfolio. IL North Star Investment Management Corp have 0.24% of their stock portfolio for 1584552 shares. Further, Bard Associates Inc reported stake worth 0.03% of its US stock portfolio. The MN Perkins Capital Management Inc owns 97000 shares. Professional Diversity Network, Inc is 0.08% of the manager’s US portfolio.

Business Profile

Professional Diversity Network, Inc. is an operator of professional networks with a focus on diversity. The Company serves various communities, including Women, Hispanic-Americans, African-Americans, Asian-Americans, Disabled, Military Professionals, and Lesbian, Gay, Bisexual and Transgender (LGBT). The Company’s segments include Professional Diversity Network (PDN Network), which includes online professional networking communities with career resources for the needs of various diverse cultural groups; National Association of Professional Women (NAPW Network), a women-only professional networking organization, and Noble Voice operations (Noble Voice), a career consultation and lead generation service. The Noble Voice call centers qualify callers for real-time job placement. The PDN Network consists of various online professional networking communities dedicated to serving diverse professionals in the United States and employers seeking to hire diverse talent.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.43 in Q2 2016. Its down 0.37, from 0.8 in 2016Q1. The ratio fall, as 3 funds sold all Professional Diversity Network Inc shares owned while 4 reduced positions. 2 funds bought stakes while 1 increased positions. They now own 1.79 million shares or 2.02% less from 1.82 million shares in 2016Q1.

The California-based California Pub Employees Retirement Sys has invested 0% in Professional Diversity Network Inc (NASDAQ:IPDN). Bank Of America Corp De last reported 3 shares in the company. Moreover, Citigroup Inc has 0% invested in Professional Diversity Network Inc (NASDAQ:IPDN) for 4,500 shares. Susquehanna Interest Llp holds 16,160 shares or 0% of its portfolio. The New York-based Clear Harbor Asset Lc has invested 0% in Professional Diversity Network Inc (NASDAQ:IPDN). Kcg Holdg accumulated 0% or 46,192 shares. Citadel Advisors Lc holds 0% or 12,342 shares in its portfolio. North Star Invest Mngmt Corporation has 1.59M shares for 0.12% of their US portfolio. Bard Assocs owns 46,775 shares or 0.01% of their US portfolio.

Analysts await Professional Diversity Network Inc (NASDAQ:IPDN) to report earnings on November, 21. They expect $-0.07 EPS, up 79.41% or $0.27 from last year’s $-0.34 per share. After $-0.06 actual EPS reported by Professional Diversity Network Inc for the previous quarter, Wall Street now forecasts 16.67% negative EPS growth.

About 106,566 shares traded hands or 1629.97% up from the average. Professional Diversity Network Inc (NASDAQ:IPDN) has risen 72.97% since April 15, 2016 and is uptrending. It has outperformed by 68.34% the S&P500.

Professional Diversity Network, Inc

More notable recent Professional Diversity Network Inc (NASDAQ:IPDN) news were published by: Globenewswire.com which released: “Professional Diversity Network Announces Third Quarter 2016 Financial Results” on November 15, 2016, also Marketwatch.com with their article: “Professional Diversity Network Inc.” published on March 07, 2013, Globenewswire.com published: “Professional Diversity Network, Inc. Announces Working Capital Line and …” on July 06, 2016. More interesting news about Professional Diversity Network Inc (NASDAQ:IPDN) were released by: Globenewswire.com and their article: “Professional Diversity Network, Inc. Announces New Federal Partnership” published on July 13, 2016 as well as Globenewswire.com‘s news article titled: “Professional Diversity Network, Inc. Announces Stock Buyback” with publication date: October 08, 2015.

According to Zacks Investment Research, “Professional Diversity Network LLC develops and operates online networks serving diverse professionals in the United States. The Company is focused on Hispanic-American and African-American professionals and has launched additional Websites to other diverse segments. It offers job postings, resume database access, research services, career advice, advertisement opportunity and newsletter marketing. Professional Diversity Network LLC is based in Chicago, Illinois.”

IPDN Company Profile

Professional Diversity Network, Inc., incorporated on January 31, 2012, is an operator of professional networks with a focus on diversity. The Firm serves various communities, including Women, Hispanic-Americans, African-Americans, Asian-Americans, Disabled, Military Professionals, and Lesbian, Gay, Bisexual and Transgender (LGBT). The Company’s divisions include Professional Diversity Network (PDN Network), which includes online professional networking communities with career resources for the needs of various diverse cultural groups; National Association of Professional Women (NAPW Network), a women-only professional networking organization, and Noble Voice activities (Noble Voice), a career consultation and lead generation service.

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