Northern Trust Corp increased its holdings in PC-Tel, Inc. (NASDAQ:PCTI) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 411,946 shares of the Wireless communications provider’s stock after purchasing an additional 10,333 shares during the period. Northern Trust Corp owned 2.50% of PC-Tel worth $2,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Global Advisors LLC purchased a new position in PC-Tel in the 2nd quarter worth approximately $102,000. JPMorgan Chase & Co. lifted its holdings in PC-Tel by 1,048.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 19,347 shares of the Wireless communications provider’s stock worth $137,000 after purchasing an additional 17,662 shares in the last quarter. Bronfman E.L. Rothschild L.P. purchased a new position in PC-Tel in the 2nd quarter worth approximately $315,000. Prudential Financial Inc. lifted its holdings in PC-Tel by 12.3% in the 2nd quarter. Prudential Financial Inc. now owns 59,300 shares of the Wireless communications provider’s stock worth $420,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in PC-Tel by 104.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 69,441 shares of the Wireless communications provider’s stock worth $494,000 after purchasing an additional 35,476 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors.

Separately, B. Riley reissued a “buy” rating and issued a $8.50 price target on shares of PC-Tel in a report on Thursday, November 9th.

PC-Tel, Inc. (PCTI) opened at $7.68 on Friday. PC-Tel, Inc. has a twelve month low of $4.90 and a twelve month high of $8.48. The company has a market capitalization of $136.14, a P/E ratio of 69.82 and a beta of 0.62.

PC-Tel (NASDAQ:PCTI) last posted its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. The company had revenue of $23.70 million for the quarter, compared to analysts’ expectations of $23.11 million. PC-Tel had a positive return on equity of 2.14% and a negative net margin of 4.86%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS. analysts anticipate that PC-Tel, Inc. will post 0.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.22 annualized dividend and a dividend yield of 2.86%. PC-Tel’s dividend payout ratio (DPR) is -75.86%.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.watchlistnews.com/pc-tel-inc-pcti-shares-bought-by-northern-trust-corp/1727017.html.

PC-Tel Profile

PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.

Institutional Ownership by Quarter for PC-Tel (NASDAQ:PCTI)

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