Insider Buying: Capstone Turbine Co. (NASDAQ:CPST) Director Acquires 12,600 Shares of Stock

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Capstone Turbine Co. (NASDAQ:CPST) Director Robert C. Flexon bought 12,600 shares of the stock in a transaction dated Friday, June 14th. The shares were acquired at an average price of $0.80 per share, with a total value of $10,080.00. Following the completion of the acquisition, the director now directly owns 98,334 shares of the company’s stock, valued at approximately $78,667.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of CPST stock traded up $0.02 during trading hours on Friday, hitting $0.82. 278,562 shares of the company’s stock traded hands, compared to its average volume of 345,966. Capstone Turbine Co. has a 12-month low of $0.55 and a 12-month high of $1.82. The firm has a market capitalization of $57.68 million, a price-to-earnings ratio of -3.27 and a beta of 0.73. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.96 and a current ratio of 2.50.

Capstone Turbine (NASDAQ:CPST) last released its earnings results on Tuesday, June 11th. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.02). Capstone Turbine had a negative net margin of 19.97% and a negative return on equity of 67.42%. The business had revenue of $22.02 million for the quarter, compared to analysts’ expectations of $20.97 million. As a group, sell-side analysts forecast that Capstone Turbine Co. will post -0.05 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. purchased a new position in Capstone Turbine in the 1st quarter worth approximately $51,000. Virtu Financial LLC raised its holdings in Capstone Turbine by 77.5% in the 1st quarter. Virtu Financial LLC now owns 119,327 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 52,107 shares during the last quarter. Northern Trust Corp raised its holdings in Capstone Turbine by 15.7% in the 1st quarter. Northern Trust Corp now owns 130,709 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 17,703 shares during the last quarter. Sargent Investment Group LLC purchased a new position in Capstone Turbine in the 4th quarter worth approximately $195,000. Finally, GMT Capital Corp purchased a new position in Capstone Turbine in the 1st quarter worth approximately $247,000. Hedge funds and other institutional investors own 11.34% of the company’s stock.

Several equities analysts have recently issued reports on CPST shares. Maxim Group reiterated a “buy” rating and set a $2.00 target price on shares of Capstone Turbine in a report on Thursday, May 23rd. Zacks Investment Research upgraded shares of Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $1.80.

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About Capstone Turbine

Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.

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Insider Buying and Selling by Quarter for Capstone Turbine (NASDAQ:CPST)

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