Trent Capital Management Inc. NC Purchases New Position in Perceptron, Inc. (NASDAQ:PRCP)
Trent Capital Management Inc. NC purchased a new position in Perceptron, Inc. (NASDAQ:PRCP) during the second quarter, according to its most recent filing with the SEC. The fund purchased 18,925 shares of the scientific and technical instruments company’s stock, valued at approximately $138,000.
Other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new position in Perceptron during the first quarter valued at about $106,000. ClariVest Asset Management LLC bought a new position in Perceptron during the first quarter valued at about $217,000. Algert Global LLC bought a new position in Perceptron during the first quarter valued at about $491,000. Wells Fargo & Company MN increased its position 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. Finally, Punch & Associates Investment Management Inc. increased its position 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. 63.10% of the stock is currently owned by hedge funds and other institutional investors.
Perceptron, Inc. (PRCP) opened at 7.09 on Thursday. Perceptron, Inc. has a 12-month low of $5.59 and a 12-month high of $8.95. The firm’s 50-day moving average is $7.38 and its 200 day moving average is $7.74. The stock’s market capitalization is $66.79 million.
Perceptron (NASDAQ:PRCP) last issued its earnings results on Monday, May 8th. The scientific and technical instruments company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.04. The company had revenue of $16.33 million for the quarter, compared to analysts’ expectations of $17.50 million. Perceptron had a positive return on equity of 2.32% and a negative net margin of 21.55%. Equities analysts expect that Perceptron, Inc. will post $0.06 EPS for the current year.
Separately, Zacks Investment Research downgraded shares of Perceptron from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 12th.
In related news, Director James A. Ratigan bought 3,910 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were bought at an average cost of $7.66 per share, for a total transaction of $29,950.60. Following the transaction, the director now owns 2,247 shares of the company’s stock, valued at $17,212.02. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.31% of the stock is currently owned by insiders.
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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