Black Box Corporation (NASDAQ:BBOX) insider Joel T. Trammell bought 45,000 shares of Black Box stock in a transaction on Tuesday, November 21st. The shares were purchased at an average cost of $3.95 per share, with a total value of $177,750.00. Following the acquisition, the insider now directly owns 77,320 shares of the company’s stock, valued at $305,414. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Black Box Corporation (BBOX) opened at $3.00 on Friday. Black Box Corporation has a fifty-two week low of $2.85 and a fifty-two week high of $17.05. The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 0.97.
Black Box (NASDAQ:BBOX) last posted its quarterly earnings results on Tuesday, October 31st. The technology company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.01. Black Box had a negative return on equity of 2.71% and a negative net margin of 2.69%. The firm had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $193.85 million. During the same quarter last year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was down 11.2% on a year-over-year basis.
Separately, Sidoti cut Black Box from a “buy” rating to a “neutral” rating in a report on Friday, August 11th.
Large investors have recently bought and sold shares of the stock. Alps Advisors Inc. acquired a new stake in shares of Black Box in the second quarter valued at approximately $106,000. Foundry Partners LLC increased its stake in Black Box by 53.9% during the third quarter. Foundry Partners LLC now owns 505,152 shares of the technology company’s stock worth $1,642,000 after acquiring an additional 176,998 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Black Box by 64.2% during the second quarter. Goldman Sachs Group Inc. now owns 161,571 shares of the technology company’s stock worth $1,381,000 after acquiring an additional 63,183 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Black Box during the second quarter worth $295,000. Finally, Vanguard Group Inc. increased its stake in Black Box by 5.9% during the second quarter. Vanguard Group Inc. now owns 736,315 shares of the technology company’s stock worth $6,295,000 after acquiring an additional 40,878 shares during the last quarter. 73.77% of the stock is owned by hedge funds and other institutional investors.
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About Black Box
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.
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