CSP Inc. (NASDAQ:CSPI) Director C Shelton James sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $13.50, for a total transaction of $27,000.00. Following the completion of the transaction, the director now owns 36,803 shares in the company, valued at $496,840.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NASDAQ:CSPI traded down $0.35 during mid-day trading on Monday, hitting $13.50. The stock had a trading volume of 3,519 shares, compared to its average volume of 9,477. The company has a market cap of $55.64 million, a PE ratio of 47.76 and a beta of 1.25. CSP Inc. has a 52 week low of $8.75 and a 52 week high of $18.89.

CSP (NASDAQ:CSPI) last issued its quarterly earnings data on Monday, August 13th. The information technology services provider reported $0.11 earnings per share for the quarter. The firm had revenue of $20.04 million for the quarter. CSP had a negative net margin of 0.43% and a positive return on equity of 5.89%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This is an increase from CSP’s previous quarterly dividend of $0.11. This represents a $0.60 annualized dividend and a yield of 4.44%.

Separately, ValuEngine upgraded shares of CSP from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th.

An institutional investor recently raised its position in CSP stock. Dimensional Fund Advisors LP boosted its position in CSP Inc. (NASDAQ:CSPI) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 306,308 shares of the information technology services provider’s stock after purchasing an additional 7,696 shares during the quarter. Dimensional Fund Advisors LP owned about 7.70% of CSP worth $3,293,000 at the end of the most recent quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

CSP Company Profile

CSP Inc develops and markets IT integration solutions, security and managed services, purpose built network adapters, and cluster computer systems for commercial and defense customers worldwide. The company's High Performance Products segment offers computing systems for digital signal processing applications in the defense market; Ethernet adapters and solutions for various applications in the packet capture, financial transaction, and storage interconnect markets; ARC Series adapters for automated trading and network monitoring; and nVoy Series products comprising 100G Packet Broker and 10G Packet Recorder, and specialized software under the Myricom brand.

Recommended Story: Diversification in Investing

Receive News & Ratings for CSP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSP and related companies with MarketBeat.com's FREE daily email newsletter.