Black Box Corp. (BBOX) Position Maintained by Ajo LP
Ajo LP continued to hold its position in Black Box Corp. (NASDAQ:BBOX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,552 shares of the company’s stock at the end of the second quarter. Ajo LP owned about 0.65% of Black Box Corp. worth $1,289,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BBOX. Emerald Acquisition Ltd. purchased a new position in Black Box Corp. during the second quarter worth about $4,381,000. JPMorgan Chase & Co. raised its position in Black Box Corp. by 40.8% in the second quarter. JPMorgan Chase & Co. now owns 521,832 shares of the company’s stock worth $6,826,000 after buying an additional 151,149 shares during the period. Algert Global LLC purchased a new position in Black Box Corp. during the first quarter worth about $1,574,000. Dimensional Fund Advisors LP raised its position in Black Box Corp. by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,262,610 shares of the company’s stock worth $16,514,000 after buying an additional 58,524 shares during the period. Finally, Renaissance Technologies LLC raised its position in Black Box Corp. by 17.7% in the first quarter. Renaissance Technologies LLC now owns 350,700 shares of the company’s stock worth $4,724,000 after buying an additional 52,749 shares during the period. Institutional investors own 97.21% of the company’s stock.
Black Box Corp. (NASDAQ:BBOX) remained flat at $14.65 on Tuesday. 8,369 shares of the stock were exchanged. Black Box Corp. has a 12 month low of $6.51 and a 12 month high of $17.00. The firm’s 50-day moving average price is $13.95 and its 200 day moving average price is $13.55. The company’s market capitalization is $221.92 million.
Black Box Corp. (NASDAQ:BBOX) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.09. The company earned $218.50 million during the quarter, compared to analysts’ expectations of $218.03 million. Black Box Corp. had a positive return on equity of 8.73% and a negative net margin of 19.10%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. On average, equities research analysts forecast that Black Box Corp. will post $0.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.48 dividend on an annualized basis and a yield of 3.28%. Black Box Corp.’s payout ratio is presently -4.27%.
Black Box Corp. Company Profile
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.
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