John G Ullman & Associates Inc. reduced its position in shares of CalAmp Corp. (NASDAQ:CAMP) by 51.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,900 shares of the Wireless communications provider’s stock after selling 114,807 shares during the period. John G Ullman & Associates Inc. owned approximately 0.32% of CalAmp worth $1,272,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Stevens Capital Management LP acquired a new position in CalAmp during the second quarter worth about $146,000. Connors Investor Services Inc. grew its holdings in CalAmp by 6.2% during the first quarter. Connors Investor Services Inc. now owns 134,046 shares of the Wireless communications provider’s stock worth $1,686,000 after acquiring an additional 7,824 shares during the period. Royce & Associates LP acquired a new position in CalAmp during the first quarter worth about $26,000. Cadence Capital Management LLC grew its holdings in CalAmp by 1.8% during the first quarter. Cadence Capital Management LLC now owns 156,940 shares of the Wireless communications provider’s stock worth $1,974,000 after acquiring an additional 2,736 shares during the period. Finally, Bbva Compass Bancshares Inc. boosted its position in shares of CalAmp by 9.3% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 14,769 shares of the Wireless communications provider’s stock valued at $186,000 after purchasing an additional 1,260 shares during the period. 77.61% of the stock is currently owned by hedge funds and other institutional investors.
In other CalAmp news, Director Larry J. Wolfe acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was purchased at an average cost of $11.33 per share, for a total transaction of $566,500.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.90% of the company’s stock.
CAMP has been the subject of a number of recent analyst reports. Northland Securities upgraded CalAmp from a “market perform” rating to an “outperform” rating in a research report on Friday, June 28th. Zacks Investment Research upgraded CalAmp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th. Goldman Sachs Group lowered CalAmp from a “neutral” rating to a “sell” rating and decreased their price target for the company from $13.00 to $11.00 in a research report on Wednesday, May 29th. TheStreet lowered CalAmp from a “c” rating to a “d+” rating in a research report on Thursday, June 27th. Finally, BidaskClub lowered CalAmp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.38.
Shares of NASDAQ:CAMP traded up $0.33 during midday trading on Friday, reaching $9.86. The company had a trading volume of 281,700 shares, compared to its average volume of 312,775. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.40 and a current ratio of 1.60. CalAmp Corp. has a 1-year low of $9.48 and a 1-year high of $24.37. The firm has a market cap of $326.21 million, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 2.75 and a beta of 1.98. The company has a fifty day simple moving average of $10.94 and a two-hundred day simple moving average of $12.34.
CalAmp (NASDAQ:CAMP) last announced its quarterly earnings data on Thursday, June 27th. The Wireless communications provider reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.18). CalAmp had a return on equity of 11.85% and a net margin of 0.33%. The business had revenue of $89.10 million for the quarter, compared to analyst estimates of $86.91 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The company’s revenue was down 6.1% compared to the same quarter last year. Analysts expect that CalAmp Corp. will post 0.36 EPS for the current year.
CalAmp Company Profile
CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.
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