Eagle Boston Investment Management Inc. Has $12.04 Million Stake in CalAmp Corp. (CAMP)
Eagle Boston Investment Management Inc. increased its position in CalAmp Corp. (NASDAQ:CAMP) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 496,148 shares of the Wireless communications provider’s stock after purchasing an additional 6,911 shares during the quarter. CalAmp accounts for 1.2% of Eagle Boston Investment Management Inc.’s portfolio, making the stock its 26th largest position. Eagle Boston Investment Management Inc. owned 1.39% of CalAmp worth $12,041,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE boosted its stake in CalAmp by 101.3% during the 2nd quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock valued at $108,000 after acquiring an additional 2,659 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of CalAmp by 77.1% during the second quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock worth $141,000 after purchasing an additional 3,021 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in shares of CalAmp during the first quarter worth $193,000. First Mercantile Trust Co. acquired a new stake in shares of CalAmp during the second quarter worth $205,000. Finally, FDx Advisors Inc. acquired a new stake in shares of CalAmp during the third quarter worth $214,000. Institutional investors and hedge funds own 71.11% of the company’s stock.
In related news, Director Kimberly Alexy sold 25,000 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $22.62, for a total value of $565,500.00. Following the completion of the transaction, the director now owns 64,729 shares in the company, valued at approximately $1,464,169.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael J. Burdiek sold 9,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $22.26, for a total transaction of $200,340.00. Following the completion of the transaction, the chief executive officer now owns 502,434 shares of the company’s stock, valued at approximately $11,184,180.84. The disclosure for this sale can be found here. Insiders sold a total of 52,833 shares of company stock valued at $1,216,660 in the last quarter. 5.30% of the stock is currently owned by insiders.
Shares of CalAmp Corp. (CAMP) opened at $22.17 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.72 and a quick ratio of 2.36. CalAmp Corp. has a twelve month low of $14.12 and a twelve month high of $24.68. The firm has a market cap of $789.27, a PE ratio of 24.91 and a beta of 1.66.
CalAmp (NASDAQ:CAMP) last announced its earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $89.80 million during the quarter, compared to analyst estimates of $88.72 million. CalAmp had a net margin of 1.31% and a return on equity of 18.18%. CalAmp’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. analysts expect that CalAmp Corp. will post 0.95 earnings per share for the current year.
A number of brokerages have weighed in on CAMP. B. Riley reissued a “buy” rating and set a $28.00 target price on shares of CalAmp in a report on Wednesday, October 4th. TheStreet raised shares of CalAmp from a “c” rating to a “b” rating in a report on Friday, September 29th. BidaskClub cut shares of CalAmp from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. J P Morgan Chase & Co cut shares of CalAmp from a “neutral” rating to an “underweight” rating and set a $22.00 price objective on the stock. in a report on Wednesday, October 4th. Finally, Zacks Investment Research cut shares of CalAmp from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $25.14.
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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