Manning & Napier Advisors LLC Has $437,000 Holdings in MiX Telematics Limited (MIXT)
Manning & Napier Advisors LLC decreased its position in shares of MiX Telematics Limited (NYSE:MIXT) by 88.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,150 shares of the technology company’s stock after selling 330,590 shares during the period. Manning & Napier Advisors LLC owned approximately 0.20% of MiX Telematics Limited worth $437,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of MIXT. Raymond James Financial Services Advisors Inc. purchased a new position in MiX Telematics Limited in the third quarter worth about $103,000. Smith Asset Management Group LP purchased a new position in MiX Telematics Limited in the third quarter worth about $114,000. New York State Common Retirement Fund grew its position in MiX Telematics Limited by 47.6% in the second quarter. New York State Common Retirement Fund now owns 20,794 shares of the technology company’s stock worth $164,000 after acquiring an additional 6,708 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in MiX Telematics Limited by 84.4% in the second quarter. JPMorgan Chase & Co. now owns 23,844 shares of the technology company’s stock worth $188,000 after purchasing an additional 10,912 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in MiX Telematics Limited by 2,095.6% in the second quarter. Royce & Associates LP now owns 57,985 shares of the technology company’s stock worth $457,000 after purchasing an additional 55,344 shares during the last quarter. Hedge funds and other institutional investors own 22.65% of the company’s stock.
MiX Telematics Limited (NYSE MIXT) opened at $11.65 on Wednesday. The firm has a market cap of $262.05, a P/E ratio of 28.61, a P/E/G ratio of 1.52 and a beta of 0.81. MiX Telematics Limited has a 1 year low of $5.59 and a 1 year high of $11.87.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.044 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a positive change from MiX Telematics Limited’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a yield of 1.51%. MiX Telematics Limited’s dividend payout ratio is 30.00%.
MIXT has been the topic of several analyst reports. ValuEngine raised shares of MiX Telematics Limited from a “hold” rating to a “buy” rating in a report on Friday, November 10th. BidaskClub raised shares of MiX Telematics Limited from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded shares of MiX Telematics Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Canaccord Genuity upped their price objective on shares of MiX Telematics Limited from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. MiX Telematics Limited currently has an average rating of “Buy” and an average target price of $13.00.
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About MiX Telematics Limited
MiX Telematics Limited is a South Africa-based provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS) to customers. The Company’s operating segments include Africa, Europe, Americas, Middle East and Australasia, Brazil and Central Services Organization. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk management and security.
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