Acuitas Investments LLC Has $1.51 Million Stock Position in Cantaloupe, Inc. (NASDAQ:CTLP)

Acuitas Investments LLC cut its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 158,945 shares of the technology company's stock after selling 28,155 shares during the period. Acuitas Investments LLC owned about 0.22% of Cantaloupe worth $1,512,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp purchased a new position in shares of Cantaloupe in the fourth quarter valued at about $111,000. Rhumbline Advisers raised its position in Cantaloupe by 4.1% in the 4th quarter. Rhumbline Advisers now owns 80,973 shares of the technology company's stock worth $770,000 after purchasing an additional 3,221 shares during the period. Anderson Hoagland & Co. bought a new stake in shares of Cantaloupe during the fourth quarter worth $1,837,000. SG Americas Securities LLC boosted its holdings in shares of Cantaloupe by 25.3% in the fourth quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company's stock valued at $265,000 after purchasing an additional 5,612 shares during the period. Finally, UMB Bank n.a. purchased a new stake in Cantaloupe during the fourth quarter worth $153,000. 75.75% of the stock is currently owned by institutional investors.

Cantaloupe Stock Down 3.4 %

NASDAQ:CTLP traded down $0.37 during mid-day trading on Friday, reaching $10.55. The stock had a trading volume of 473,310 shares, compared to its average volume of 380,147. The stock's 50 day simple moving average is $9.26 and its two-hundred day simple moving average is $8.46. Cantaloupe, Inc. has a 1-year low of $5.74 and a 1-year high of $11.15. The company has a market capitalization of $770.57 million, a price-to-earnings ratio of 52.75 and a beta of 1.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. During the same period in the prior year, the firm earned $0.04 earnings per share. Equities analysts anticipate that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CTLP shares. Barrington Research lifted their price target on Cantaloupe from $12.00 to $14.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Benchmark upped their target price on shares of Cantaloupe from $10.00 to $11.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Northland Securities upped their price objective on Cantaloupe from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Monday, November 11th.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.