Renaissance Technologies LLC raised its stake in CUI Global Inc (NASDAQ:CUI) by 16.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 238,100 shares of the industrial products company’s stock after buying an additional 33,400 shares during the quarter. Renaissance Technologies LLC owned about 0.83% of CUI Global worth $707,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. NJ State Employees Deferred Compensation Plan bought a new stake in shares of CUI Global in the second quarter worth $238,000. BlackRock Inc. lifted its position in shares of CUI Global by 31.7% in the second quarter. BlackRock Inc. now owns 109,908 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 26,470 shares in the last quarter. Cowen Prime Services LLC lifted its position in shares of CUI Global by 35.3% in the second quarter. Cowen Prime Services LLC now owns 144,899 shares of the industrial products company’s stock worth $430,000 after purchasing an additional 37,770 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of CUI Global in the second quarter worth $927,000. Finally, Royce & Associates LP lifted its position in shares of CUI Global by 2.0% in the second quarter. Royce & Associates LP now owns 1,786,532 shares of the industrial products company’s stock worth $5,306,000 after purchasing an additional 35,000 shares in the last quarter. 53.42% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on CUI shares. Zacks Investment Research raised shares of CUI Global from a “strong sell” rating to a “hold” rating in a research report on Monday, October 8th. ValuEngine upgraded shares of CUI Global from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd.
NASDAQ:CUI opened at $1.88 on Monday. CUI Global Inc has a one year low of $1.64 and a one year high of $3.28. The firm has a market capitalization of $53.64 million, a price-to-earnings ratio of -5.37 and a beta of 0.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.15 and a current ratio of 1.91.
CUI Global (NASDAQ:CUI) last released its quarterly earnings data on Monday, August 6th. The industrial products company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.06). CUI Global had a negative net margin of 17.26% and a negative return on equity of 17.77%. The company had revenue of $23.13 million during the quarter, compared to analyst estimates of $24.58 million. On average, analysts predict that CUI Global Inc will post -0.5 earnings per share for the current fiscal year.
About CUI Global
CUI Global, Inc, through its subsidiaries, engages in the acquisition, development, and commercialization of power and electromechanical components worldwide. The company operates in two segments, Power and Electromechanical, and Energy. The Power and Electromechanical segment offers power solutions that consists of external and embedded ac-dc power supplies, dc-dc converters, and intelligent control of energy products; components, including connectors, speakers, and buzzers; and control solutions comprising encoders and sensors, which addresses power and related accessories to consumer electronics, medical, and defense industries.
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