According to Zacks, “PCTEL designs, develops, and delivers wireless solutions. PCTEL’s products include wireless local area network software products that simplify installation, roaming, Internet access and billing. Its subsidiary, DTI, designs, develops and distributes software-defined receivers and receiver-based products that measure, monitor and optimize the performance of cellular and Wi-Fi networks. . MAXRAD designs, develops, manufactures, and distributes innovative antenna solutions that facilitate and simplify wireless communications. “
Separately, ValuEngine lowered shares of PC Tel from a buy rating to a hold rating in a research note on Tuesday, July 16th.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Wednesday, August 7th. PC Tel’s dividend payout ratio (DPR) is -73.91%.
Several institutional investors have recently added to or reduced their stakes in the business. Rutabaga Capital Management LLC MA lifted its stake in shares of PC Tel by 69.3% in the first quarter. Rutabaga Capital Management LLC MA now owns 941,895 shares of the Wireless communications provider’s stock valued at $4,719,000 after buying an additional 385,535 shares in the last quarter. BlackRock Inc. lifted its stake in shares of PC Tel by 3.4% in the fourth quarter. BlackRock Inc. now owns 532,307 shares of the Wireless communications provider’s stock valued at $2,284,000 after buying an additional 17,488 shares in the last quarter. Boston Partners lifted its stake in shares of PC Tel by 44.1% in the first quarter. Boston Partners now owns 193,541 shares of the Wireless communications provider’s stock valued at $970,000 after buying an additional 59,241 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of PC Tel in the fourth quarter valued at $418,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of PC Tel in the second quarter valued at $414,000. 63.06% of the stock is currently owned by hedge funds and other institutional investors.
PC Tel Company Profile
PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company designs and manufactures precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.
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