Company profile

Ticker
HHS
Exchange
CEO
Andrew B. Benett
Employees
Incorporated in
Location
Fiscal year end
Former names
Harte Hanks Communications Inc
SEC CIK
IRS number
741677284

HHS stock data

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FINRA relative short interest over last month (20 trading days) ?

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

14 May 20
1 Jun 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 40.52M 52.33M 51.41M 54.69M
Net income 5.12M -2.95M -5.99M -3.8M
Diluted EPS 0.67 -0.49 -0.97 -0.63
Net profit margin 12.63% -5.63% -11.65% -6.95%
Operating income -5.11M 422K -4.48M -6.61M
Net change in cash -4.64M -3.63M -7.26M 18.06M
Cash on hand 23.46M 28.1M 31.74M 39M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 217.58M 284.63M 383.91M 404.41M
Net income -26.26M 17.55M -41.86M -130.94M
Diluted EPS -4.26 2.38 -6.76 -21.29
Net profit margin -12.07% 6.17% -10.90% -32.38%
Operating income -21.61M -26.03M -40.87M -53.84M
Net change in cash 7.22M 12.49M -37.61M 29.44M
Cash on hand 28.1M 20.88M 8.4M 46.01M

Financial data from Harte-Hanks earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
21 May 20 Andrew B Benett Common Stock Buy Aquire P 2.4 4,500 10.8K 202,000
20 May 20 Andrew B Benett Common Stock Buy Aquire P 2.46 27,500 67.65K 197,500
17 Mar 20 Andrew B Benett Common Stock Buy Aquire P 2.69 10,000 26.9K 170,000
16 Mar 20 Andrew B Benett Common Stock Buy Aquire P 2.7 9,065 24.48K 160,000
16 Mar 20 Andrew B Benett Common Stock Buy Aquire P 2.91 935 2.72K 150,935
16 Mar 20 Evan Behrens Common Stock Buy Aquire P 2.7 2,500 6.75K 40,636
18 Nov 19 Andrew B Benett Common Stock Grant Aquire A 0 150,000 0 150,000
35.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 24 22 +9.1%
Opened positions 2 1 +100.0%
Closed positions 0 4 -100.0%
Increased positions 4 4
Reduced positions 7 6 +16.7%
13F shares
Current Prev Q Change
Total value 3.48M 5.77M -39.8%
Total shares 2.21M 1.61M +37.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Blair William & Co 661.12K $1.04M NEW
Fondren Management 517.83K $813K -7.9%
Renaissance Technologies 260.34K $409K +0.8%
Dimensional Fund Advisors 203.4K $319K -8.4%
Vanguard 144.28K $227K -0.3%
CS Credit Suisse 130.11K $204K -8.7%
BLK BlackRock 70.62K $111K 0.0%
Bridgeway Capital Management 67.99K $107K -8.1%
RILYZ B. Riley Financial 65K $102K 0.0%
Geode Capital Management 25.34K $39K 0.0%
Largest transactions
Shares Bought/sold Change
Blair William & Co 661.12K +661.12K NEW
Fondren Management 517.83K -44.37K -7.9%
BAC Bank of America 20.05K +20.05K NEW
Dimensional Fund Advisors 203.4K -18.66K -8.4%
CS Credit Suisse 130.11K -12.38K -8.7%
Bridgeway Capital Management 67.99K -6K -8.1%
Renaissance Technologies 260.34K +2K +0.8%
Vanguard 144.28K -388 -0.3%
Tower Research Capital 217 +159 +274.1%
UBS UBS 2.88K +49 +1.7%

Financial report summary

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Risks
  • Most of our client engagements are cancelable on short notice.
  • A large portion of our revenue is generated from a limited number of clients. The loss of a client or significant work from one or more of our clients could adversely affect our business.
  • Our indebtedness may adversely impact our ability to react to changes in our business or changes in general economic conditions.
  • We may need to obtain additional funding to continue as a going concern; if we are unable to meet our needs for additional funding in the future, we will be required to limit, scale back, or cease operations.
  • We face significant competition for individual projects, entire client relationships and advertising dollars in general.
  • Current and future competitors may have significantly greater financial and other resources than we do, and they may sell competing services at lower prices or at lower profit margins, resulting in pressures on our prices and margins.
  • We must maintain technological competitiveness, continually improve our processes, and develop and introduce new services in a timely and cost-effective manner.
  • We have recently experienced, and may experience in the future, reduced demand for our products and services due to the financial condition and marketing budgets of our clients and other factors that may impact the industry verticals that we serve.
  • Outbreaks of contagious diseases, or other public health pandemics, such as the COVID-19 outbreak, may adversely affect the Company’s business and operations.
  • We must effectively manage our costs to be successful. If we do not achieve our cost management objectives, our financial results could be adversely affected.
  • Our financial performance has harmed our commercial reputation and relationship with customers, vendors, and other commercial parties, and may impair our ability to attract, retain and motivate employees.
  • Our inability to comply with the listing requirements of the New York Stock Exchange could result in our common stock being delisted, which could affect our common stock’s market price and liquidity and reduce our ability to raise capital.
  • Privacy, information security and other regulatory requirements may prevent or impair our ability to offer our products and services.
  • Consumer perceptions regarding the privacy and security of their data may prevent or impair our ability to offer our products and services.
  • If we do not prevent security breaches and other interruptions to our infrastructure, we may be exposed to lawsuits, lose customers, suffer harm to our reputation, and incur additional costs.
  • Our reputation and business results may be adversely impacted if we, or subcontractors upon whom we rely, do not effectively protect sensitive personal information of our clients and our clients’ customers.
  • If our facilities are damaged, or if we are unable to access and use our facilities, our business and results of operations will be adversely affected.
  • Significant system disruptions, loss of data center capacity or interruption of telecommunication links could adversely affect our business and results of operations.
  • If our new leaders are unsuccessful, or if we continue to lose key management and are unable to attract and retain the talent required for our business, our operating results could suffer.
  • We could fail to adequately protect our intellectual property rights and may face claims for intellectual property infringement.
  • Breaches of security, or the perception that e-commerce is not secure, could severely harm our business and reputation.
  • We may be unable to make dispositions of assets on favorable terms, or at all.
  • We are vulnerable to increases in postal rates and disruptions in postal services.
  • We are vulnerable to increases in paper prices.
  • We are subject to risks associated with operations outside the U.S.
  • If we fail to establish and maintain proper and effective internal control over financial reporting, our operating results and our ability to operate our business could be harmed.
  • Our certificate of incorporation and bylaws contain anti-takeover protections that may discourage or prevent strategic transactions, including a takeover of our company, even if such a transaction would be beneficial to our stockholders.
Management Discussion
  • Revenues were $217.6 million in the year ended December 31, 2019, compared to $284.6 million in the year ended December 31, 2018. These results reflected the impact of declines in almost all of our industry verticals. Our retail, B2B, consumer brand, transportation and financial services verticals declined by $25.0 million, or 37.6%, $16.0 million, or 25.0%, $11.5 million, or 19.7%,
  • $8.5 million, or 38.9%, $7.9 million, or 14.7%, respectively. These declines were partially due to the sale of 3Q Digital at the end of February 2018, which led to $6.9 million of the revenue reduction from 2018 to 2019 and primarily impacted our B2B and Consumer verticals. Additionally, non-renewing clients and lower volumes from existing clients caused the further decrease in revenues. Revenue from healthcare clients increased slightly by $1.9 million, or 9.7%.
  • Among other factors, our revenue performance will depend on general economic conditions in the markets we serve and how successful we are at maintaining and growing business with existing clients and acquiring new clients. We believe that, in the long-term, an increasing portion of overall marketing and advertising expenditures will be shifted from other advertising media to targeted media advertising resulting in a benefit to our business. Targeted media advertising results can be more effectively tracked, enabling measurement of the return on marketing investment.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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