Capitolis Liquid Global Markets LLC Makes New $5.95 Million Investment in Cantaloupe, Inc. $CTLP

Capitolis Liquid Global Markets LLC bought a new stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) during the third quarter, Holdings Channel.com reports. The fund bought 562,900 shares of the technology company’s stock, valued at approximately $5,950,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey raised its holdings in Cantaloupe by 10.4% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,428 shares of the technology company’s stock worth $148,000 after purchasing an additional 1,268 shares during the period. DCF Advisers LLC grew its holdings in Cantaloupe by 6.3% in the second quarter. DCF Advisers LLC now owns 33,500 shares of the technology company’s stock valued at $368,000 after purchasing an additional 2,000 shares during the period. BNP Paribas Financial Markets increased its position in shares of Cantaloupe by 55.6% in the second quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock valued at $63,000 after buying an additional 2,063 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Cantaloupe by 41.2% in the second quarter. Tower Research Capital LLC TRC now owns 7,940 shares of the technology company’s stock valued at $87,000 after buying an additional 2,315 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Cantaloupe by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 82,793 shares of the technology company’s stock worth $875,000 after buying an additional 2,423 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Up 0.9%

Shares of CTLP opened at $10.39 on Monday. Cantaloupe, Inc. has a 52-week low of $7.01 and a 52-week high of $11.16. The company has a market capitalization of $765.95 million, a PE ratio of 57.72 and a beta of 1.09. The stock has a fifty day simple moving average of $10.55 and a two-hundred day simple moving average of $10.61. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.14.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. The firm had revenue of $78.71 million for the quarter, compared to analyst estimates of $84.92 million. As a group, equities analysts forecast that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

CTLP has been the subject of several recent analyst reports. Zacks Research raised shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Wall Street Zen upgraded shares of Cantaloupe to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings raised shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.60.

Cantaloupe Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.