North Star Investment Management Corp. Has $914,000 Stock Holdings in PowerFleet, Inc. $AIOT

North Star Investment Management Corp. lifted its position in PowerFleet, Inc. (NASDAQ:AIOT) by 21,085.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,600 shares of the company’s stock after acquiring an additional 295,200 shares during the period. North Star Investment Management Corp.’s holdings in PowerFleet were worth $914,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Capital Management LLC increased its stake in PowerFleet by 3.1% in the fourth quarter. Private Capital Management LLC now owns 7,584,853 shares of the company’s stock valued at $40,351,000 after purchasing an additional 230,780 shares in the last quarter. Voss Capital LP raised its holdings in PowerFleet by 4.3% in the third quarter. Voss Capital LP now owns 5,800,000 shares of the company’s stock worth $30,392,000 after purchasing an additional 240,509 shares during the period. Private Management Group Inc. boosted its position in shares of PowerFleet by 1.1% during the fourth quarter. Private Management Group Inc. now owns 5,264,812 shares of the company’s stock worth $28,009,000 after purchasing an additional 56,534 shares in the last quarter. Royce & Associates LP boosted its position in shares of PowerFleet by 3.7% during the fourth quarter. Royce & Associates LP now owns 4,471,131 shares of the company’s stock worth $23,786,000 after purchasing an additional 159,256 shares in the last quarter. Finally, 325 Capital LLC grew its holdings in shares of PowerFleet by 5.2% in the 4th quarter. 325 Capital LLC now owns 3,837,410 shares of the company’s stock valued at $20,415,000 after buying an additional 191,031 shares during the period. Institutional investors own 73.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. UBS Group set a $7.00 price objective on shares of PowerFleet in a research report on Tuesday, June 16th. Wall Street Zen upgraded PowerFleet from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut PowerFleet from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Tuesday, June 16th. Finally, Raymond James Financial lowered their price target on PowerFleet from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PowerFleet has a consensus rating of “Hold” and a consensus target price of $9.67.

PowerFleet Stock Performance

NASDAQ AIOT opened at $3.76 on Tuesday. The firm’s 50 day simple moving average is $3.60 and its 200 day simple moving average is $4.04. The firm has a market capitalization of $504.52 million, a price-to-earnings ratio of -23.50 and a beta of 1.43. The company has a current ratio of 1.13, a quick ratio of 0.99 and a debt-to-equity ratio of 0.48. PowerFleet, Inc. has a 1 year low of $2.78 and a 1 year high of $5.88.

PowerFleet (NASDAQ:AIOT) last announced its quarterly earnings data on Monday, June 15th. The company reported $0.04 EPS for the quarter. PowerFleet had a negative net margin of 4.63% and a negative return on equity of 1.33%. The business had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.98 million. During the same period in the previous year, the business earned ($0.09) earnings per share. As a group, research analysts expect that PowerFleet, Inc. will post 0.17 earnings per share for the current fiscal year.

PowerFleet Profile

PowerFleet, Inc (NASDAQ: AIOT) develops and delivers Internet of Things (IoT)–based telematics and asset-tracking solutions designed to help businesses monitor, manage and optimize fleets of vehicles and industrial equipment. Its core offerings include wireless sensors, GPS tracking devices and cloud-hosted software platforms that provide real-time visibility into vehicle whereabouts, usage patterns, fuel consumption and maintenance needs. The company’s systems also support regulatory compliance and safety monitoring, enabling customers to reduce operational costs, minimize theft and improve overall asset utilization.

The company’s hardware portfolio features RFID readers, active and passive tags, onboard diagnostics (OBD) adapters and temperature or motion sensors that can be deployed on trucks, trailers, forklifts, containers and other high-value assets.