Perceptron, Inc. (PRCP) Stake Increased by Algert Global LLC
Algert Global LLC raised its stake in Perceptron, Inc. (NASDAQ:PRCP) by 40.0% during the second quarter, Holdings Channel reports. The fund owned 82,460 shares of the scientific and technical instruments company’s stock after buying an additional 23,556 shares during the period. Algert Global LLC’s holdings in Perceptron were worth $600,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of PRCP. Wells Fargo & Company MN boosted its stake in Perceptron by 32.6% in the first quarter. Wells Fargo & Company MN now owns 61,886 shares of the scientific and technical instruments company’s stock valued at $516,000 after buying an additional 15,200 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Perceptron by 6.5% in the first quarter. Renaissance Technologies LLC now owns 529,300 shares of the scientific and technical instruments company’s stock valued at $4,414,000 after buying an additional 32,100 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in Perceptron by 8.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 405,800 shares of the scientific and technical instruments company’s stock valued at $3,384,000 after buying an additional 30,067 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Perceptron during the first quarter valued at about $106,000. Finally, ClariVest Asset Management LLC acquired a new stake in Perceptron during the first quarter valued at about $217,000. 63.10% of the stock is currently owned by institutional investors.
Shares of Perceptron, Inc. (NASDAQ:PRCP) opened at 6.91 on Friday. Perceptron, Inc. has a 1-year low of $5.59 and a 1-year high of $8.95. The company’s market capitalization is $65.09 million. The company has a 50 day moving average price of $7.37 and a 200 day moving average price of $7.74.
Perceptron (NASDAQ:PRCP) last posted its quarterly earnings data on Monday, May 8th. The scientific and technical instruments company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.04. Perceptron had a positive return on equity of 2.32% and a negative net margin of 21.55%. The firm had revenue of $16.33 million during the quarter, compared to analysts’ expectations of $17.50 million. Equities analysts predict that Perceptron, Inc. will post $0.06 EPS for the current fiscal year.
Separately, Zacks Investment Research raised Perceptron from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research note on Tuesday, July 11th.
In other news, Director James A. Ratigan acquired 3,910 shares of Perceptron stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average cost of $7.66 per share, with a total value of $29,950.60. Following the transaction, the director now directly owns 2,247 shares of the company’s stock, valued at approximately $17,212.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.31% of the company’s stock.
Perceptron Company Profile
Perceptron, Inc develops, produces and sells a range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and three-dimensional (3D) scanning. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines (CMMs), laser scanning and advanced analysis software.
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