Rice Hall James & Associates LLC increased its stake in CalAmp Corp. (NASDAQ:CAMP) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 384,891 shares of the company’s stock after buying an additional 5,426 shares during the period. Rice Hall James & Associates LLC’s holdings in CalAmp Corp. were worth $5,700,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Fund Management S.A. bought a new position in CalAmp Corp. during the second quarter valued at approximately $674,000. Falcon Point Capital LLC increased its position in CalAmp Corp. by 12.2% in the second quarter. Falcon Point Capital LLC now owns 1,112,201 shares of the company’s stock valued at $16,472,000 after buying an additional 121,331 shares in the last quarter. Thomson Horstmann & Bryant Inc. increased its position in CalAmp Corp. by 0.5% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 612,673 shares of the company’s stock valued at $9,073,000 after buying an additional 3,123 shares in the last quarter. Eagle Boston Investment Management Inc. increased its position in CalAmp Corp. by 68.6% in the second quarter. Eagle Boston Investment Management Inc. now owns 244,580 shares of the company’s stock valued at $3,622,000 after buying an additional 99,505 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in CalAmp Corp. during the second quarter valued at approximately $347,000. Hedge funds and other institutional investors own 65.21% of the company’s stock.
CalAmp Corp. (NASDAQ:CAMP) traded up 2.44% on Wednesday, hitting $13.86. The company’s stock had a trading volume of 691,867 shares. The firm has a 50 day moving average of $15.07 and a 200 day moving average of $15.21. The firm has a market cap of $503.56 million, a price-to-earnings ratio of 71.81 and a beta of 1.27. CalAmp Corp. has a 12 month low of $13.01 and a 12 month high of $21.35.
CalAmp Corp. (NASDAQ:CAMP) last released its quarterly earnings data on Thursday, September 29th. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. CalAmp Corp. had a net margin of 2.21% and a return on equity of 21.17%. The business earned $90.50 million during the quarter. During the same period last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 29.6% on a year-over-year basis. Equities research analysts forecast that CalAmp Corp. will post $1.11 earnings per share for the current fiscal year.
Several research firms have recently commented on CAMP. Zacks Investment Research downgraded CalAmp Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday. Aegis downgraded CalAmp Corp. from a “buy” rating to a “hold” rating in a report on Monday. Canaccord Genuity restated a “buy” rating and set a $25.00 price target on shares of CalAmp Corp. in a report on Sunday. B. Riley reduced their price target on CalAmp Corp. from $29.00 to $22.00 and set a “buy” rating on the stock in a report on Saturday. Finally, First Analysis downgraded CalAmp Corp. from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $19.00 to $16.00 in a report on Friday, September 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. CalAmp Corp. presently has a consensus rating of “Buy” and a consensus target price of $21.56.
In other CalAmp Corp. news, VP Richard K. Vitelle sold 15,000 shares of the stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the transaction, the vice president now owns 304,409 shares of the company’s stock, valued at approximately $4,566,135. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.00% of the company’s stock.
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.
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