Black Box Corporation (BBOX) Shares Sold by Federated Investors Inc. PA
Federated Investors Inc. PA decreased its stake in Black Box Corporation (NASDAQ:BBOX) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,168 shares of the technology company’s stock after selling 110 shares during the quarter. Federated Investors Inc. PA owned approximately 0.20% of Black Box Corporation worth $258,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace North America L.P. acquired a new stake in shares of Black Box Corporation in the second quarter valued at about $424,000. Alps Advisors Inc. acquired a new stake in shares of Black Box Corporation in the second quarter valued at about $106,000. LMR Partners LLP acquired a new stake in shares of Black Box Corporation in the second quarter valued at about $421,000. Foundry Partners LLC grew its position in shares of Black Box Corporation by 160.7% in the second quarter. Foundry Partners LLC now owns 328,154 shares of the technology company’s stock valued at $2,806,000 after purchasing an additional 202,259 shares during the period. Finally, Trexquant Investment LP grew its position in shares of Black Box Corporation by 147.1% in the second quarter. Trexquant Investment LP now owns 49,720 shares of the technology company’s stock valued at $425,000 after purchasing an additional 29,601 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.
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Separately, Sidoti lowered shares of Black Box Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, August 11th.
Shares of Black Box Corporation (NASDAQ BBOX) opened at 3.00 on Friday. The stock has a 50 day moving average of $4.31 and a 200 day moving average of $7.57. The firm’s market cap is $45.41 million. Black Box Corporation has a 12 month low of $2.85 and a 12 month high of $17.05.
Black Box Corporation (NASDAQ:BBOX) last issued its quarterly earnings data on Thursday, August 10th. The technology company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.34). The business had revenue of $191.60 million during the quarter, compared to analyst estimates of $207.63 million. Black Box Corporation had a negative net margin of 1.97% and a positive return on equity of 3.05%. Black Box Corporation’s revenue was down 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, equities research analysts expect that Black Box Corporation will post ($0.69) EPS for the current fiscal year.
In other Black Box Corporation news, Director John S. Heller acquired 10,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average cost of $4.35 per share, with a total value of $43,500.00. Following the purchase, the director now owns 52,320 shares in the company, valued at $227,592. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.
Black Box Corporation 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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