Telemetry Investments L.L.C. Grows Position in Essendant Inc (ESND)

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Telemetry Investments L.L.C. lifted its holdings in Essendant Inc (NASDAQ:ESND) by 334.6% during the 4th quarter, HoldingsChannel reports. The fund owned 44,004 shares of the company’s stock after acquiring an additional 33,878 shares during the quarter. Telemetry Investments L.L.C.’s holdings in Essendant were worth $554,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Quantamental Technologies LLC bought a new stake in Essendant during the fourth quarter worth about $37,000. Gabelli Funds LLC bought a new stake in Essendant during the fourth quarter worth about $140,000. Modera Wealth Management LLC bought a new stake in Essendant during the third quarter worth about $153,000. Oregon Public Employees Retirement Fund bought a new stake in Essendant during the fourth quarter worth about $157,000. Finally, United Services Automobile Association bought a new stake in Essendant during the third quarter worth about $178,000. Institutional investors and hedge funds own 81.96% of the company’s stock.

A number of research analysts have recently commented on the stock. BidaskClub raised shares of Essendant from a “hold” rating to a “buy” rating in a report on Saturday, December 22nd. TheStreet cut shares of Essendant from a “c” rating to a “d+” rating in a report on Friday, January 25th.

Shares of ESND stock remained flat at $$12.80 on Friday. The stock has a market capitalization of $481.79 million, a P/E ratio of 1,280.00 and a beta of 0.80. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.96 and a quick ratio of 0.98. Essendant Inc has a 12-month low of $7.20 and a 12-month high of $17.08.

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Essendant Profile

Essendant Inc operates as a distributor of workplace items in the United States and internationally. It offers janitorial and sanitation supplies, breakroom items, foodservice consumables, safety and security items, and paper and packaging supplies. The company also provides technology products, such as computer accessories, imaging supplies, and data storage products; and computer hardware, including printers and other peripherals.

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Institutional Ownership by Quarter for Essendant (NASDAQ:ESND)

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