SG Americas Securities LLC acquired a new position in shares of CalAmp Corp. (NASDAQ:CAMP) during the second quarter, according to its most recent filing with the SEC. The fund acquired 58,466 shares of the Wireless communications provider’s stock, valued at approximately $1,189,000. SG Americas Securities LLC owned about 0.17% of CalAmp Corp. as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAMP. US Bancorp DE increased its position in shares of CalAmp Corp. by 101.3% in the second quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 2,659 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of CalAmp Corp. by 4.3% in the first quarter. Mason Street Advisors LLC now owns 8,280 shares of the Wireless communications provider’s stock worth $139,000 after buying an additional 341 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of CalAmp Corp. by 77.1% in the second quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock worth $141,000 after buying an additional 3,021 shares during the last quarter. Stifel Financial Corp bought a new position in shares of CalAmp Corp. during the first quarter worth approximately $171,000. Finally, Karp Capital Management Corp bought a new position in shares of CalAmp Corp. during the first quarter worth approximately $176,000. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CalAmp Corp. (NASDAQ CAMP) opened at 18.47 on Friday. The company’s market capitalization is $653.76 million. The firm has a 50-day moving average of $18.77 and a 200 day moving average of $18.11. CalAmp Corp. has a 52-week low of $12.13 and a 52-week high of $20.89.

CalAmp Corp. (NASDAQ:CAMP) last released its earnings results on Tuesday, June 27th. The Wireless communications provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. CalAmp Corp. had a negative net margin of 2.05% and a positive return on equity of 18.84%. The business had revenue of $88.10 million during the quarter, compared to analysts’ expectations of $86.85 million. During the same period last year, the business earned $0.30 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. On average, analysts anticipate that CalAmp Corp. will post $1.17 EPS for the current year.

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A number of research analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $22.00 price objective on shares of CalAmp Corp. in a research report on Monday, June 26th. Northland Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of CalAmp Corp. in a research report on Monday, June 26th. Craig Hallum boosted their price objective on shares of CalAmp Corp. from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, June 28th. BidaskClub raised shares of CalAmp Corp. from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co assumed coverage on shares of CalAmp Corp. in a research report on Monday, August 28th. They set a “neutral” rating and a $20.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.78.

In related news, CEO Michael J. Burdiek sold 10,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the transaction, the chief executive officer now directly owns 479,093 shares of the company’s stock, valued at $9,581,860. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.30% of the stock is currently owned by company insiders.

CalAmp Corp. Company Profile

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

Institutional Ownership by Quarter for CalAmp Corp. (NASDAQ:CAMP)

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