First Wilshire Securities Management Inc. cut its position in CUI Global, Inc. (NASDAQ:CUI) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 558,400 shares of the industrial products company’s stock after selling 28,225 shares during the quarter. First Wilshire Securities Management Inc. owned 1.97% of CUI Global worth $1,536,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of CUI. Royce & Associates LP raised its position in shares of CUI Global by 75.0% during the fourth quarter. Royce & Associates LP now owns 1,621,107 shares of the industrial products company’s stock worth $4,458,000 after acquiring an additional 695,000 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of CUI Global during the fourth quarter worth about $1,393,000. White Pine Capital LLC raised its position in shares of CUI Global by 118.5% during the fourth quarter. White Pine Capital LLC now owns 842,616 shares of the industrial products company’s stock worth $2,317,000 after acquiring an additional 457,018 shares during the last quarter. Perritt Capital Management Inc. bought a new position in shares of CUI Global during the fourth quarter worth about $963,000. Finally, Heartland Advisors Inc. raised its position in shares of CUI Global by 13.5% during the fourth quarter. Heartland Advisors Inc. now owns 2,407,523 shares of the industrial products company’s stock worth $6,621,000 after acquiring an additional 285,463 shares during the last quarter. Hedge funds and other institutional investors own 58.15% of the company’s stock.
A number of equities analysts have recently issued reports on the company. ValuEngine upgraded CUI Global from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded CUI Global from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $10.00.
CUI stock traded down $0.04 during mid-day trading on Friday, reaching $2.77. The company’s stock had a trading volume of 10,676 shares, compared to its average volume of 55,254. The company has a market cap of $80.04, a P/E ratio of -7.91 and a beta of 0.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 2.18. CUI Global, Inc. has a 12 month low of $2.44 and a 12 month high of $4.89.
CUI Global (NASDAQ:CUI) last issued its earnings results on Wednesday, March 14th. The industrial products company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.02). The business had revenue of $21.14 million during the quarter, compared to the consensus estimate of $21.60 million. CUI Global had a negative return on equity of 16.70% and a negative net margin of 15.12%. research analysts predict that CUI Global, Inc. will post -0.16 earnings per share for the current year.
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CUI Global Company Profile
CUI Global, Inc, through its subsidiaries, engages in the acquisition, development, and commercialization of power and electromechanical components worldwide. The company operates through two segments, Power and Electro-Mechanical, and Energy. The Power and Electromechanical segment offers components, including connectors, speakers, buzzers, test and measurement devices, and control solutions comprising encoders and sensors; and power solutions, such as Novum and ICE Block that addresses power and related accessories to consumer electronics, medical, and defense industries.
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