S. Muoio & CO. LLC Takes Position in Norsat International Inc (NSAT)
S. Muoio & CO. LLC acquired a new position in Norsat International Inc (NYSE:NSAT) (TSE:NII) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 157,735 shares of the company’s stock, valued at approximately $1,798,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Deltec Asset Management LLC purchased a new position in shares of Norsat International during the first quarter worth about $100,000. FNY Partners Fund LP purchased a new position in shares of Norsat International during the first quarter worth about $111,000. Renaissance Technologies LLC increased its position in shares of Norsat International by 19.0% in the fourth quarter. Renaissance Technologies LLC now owns 23,200 shares of the company’s stock worth $183,000 after buying an additional 3,700 shares during the last quarter. Finally, Yakira Capital Management Inc. purchased a new position in shares of Norsat International during the first quarter worth about $789,000.
Norsat International Inc (NYSE NSAT) opened at 11.50 on Tuesday. Norsat International Inc has a 12 month low of $5.86 and a 12 month high of $12.80. The stock has a 50 day moving average of $11.35 and a 200-day moving average of $9.75.
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About Norsat International
Norsat International Inc is a provider of communication solutions used by government organizations, militaries, transportation, resource and marine industry companies, news organizations, public safety search and rescue operators, and others. The Company operates through two segments: Sinclair Technologies and Satellite Communications.
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