Emerald Acquisition Ltd. purchased a new position in Datawatch Corp. (NASDAQ:DWCH) during the second quarter, Holdings Channel reports. The fund purchased 100,670 shares of the company’s stock, valued at approximately $558,000. Emerald Acquisition Ltd. owned approximately 0.85% of Datawatch Corp. as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Datawatch Corp. by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 18,197 shares of the company’s stock worth $101,000 after buying an additional 327 shares in the last quarter. Renaissance Technologies LLC boosted its position in Datawatch Corp. by 88.5% in the first quarter. Renaissance Technologies LLC now owns 37,700 shares of the company’s stock worth $187,000 after buying an additional 17,700 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Datawatch Corp. by 4.4% in the first quarter. Royce & Associates LP now owns 115,385 shares of the company’s stock worth $571,000 after buying an additional 4,855 shares in the last quarter. 27.39% of the stock is owned by hedge funds and other institutional investors.
Datawatch Corp. (NASDAQ:DWCH) remained flat at $7.52 during trading on Monday. The stock has a 50-day moving average of $7.27 and a 200-day moving average of $5.86. The stock’s market cap is $89.18 million. Datawatch Corp. has a 52 week low of $3.10 and a 52 week high of $7.84.
Datawatch Corp. (NASDAQ:DWCH) last issued its earnings results on Wednesday, July 20th. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.15. The business earned $7.40 million during the quarter, compared to analyst estimates of $7.77 million. Datawatch Corp. had a negative net margin of 52.48% and a negative return on equity of 27.37%. On average, equities analysts expect that Datawatch Corp. will post ($0.70) EPS for the current fiscal year.
Separately, Zacks Investment Research cut shares of Datawatch Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th.
About Datawatch Corp.
Datawatch Corporation provides visual data discovery software. The Company is engaged in the design, development, marketing, distribution and support of business computer software primarily for the visual data discovery market. Its line of visual data discovery solutions includes Datawatch Desktop, Datawatch Server, Datawatch Modeler, Datawatch Automator, Datawatch RMS and Datawatch Report Manager OnDemand (RMOD).
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