Advisory Research Inc. Has $1.19 Million Position in Cantaloupe, Inc. (NASDAQ:CTLP)

Advisory Research Inc. lowered its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 26.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,850 shares of the technology company's stock after selling 44,000 shares during the period. Advisory Research Inc. owned about 0.17% of Cantaloupe worth $1,187,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CTLP. Harvest Fund Management Co. Ltd purchased a new position in shares of Cantaloupe in the 4th quarter worth $40,000. Parkside Financial Bank & Trust purchased a new stake in shares of Cantaloupe during the fourth quarter valued at about $47,000. New York State Common Retirement Fund grew its stake in Cantaloupe by 75.8% during the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock worth $75,000 after buying an additional 3,400 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Cantaloupe in the fourth quarter worth $91,000. Finally, Truist Financial Corp purchased a new stake in Cantaloupe in the fourth quarter valued at approximately $111,000. 75.75% of the stock is currently owned by institutional investors.

Cantaloupe Stock Up 2.2 %

Shares of Cantaloupe stock traded up $0.16 during trading hours on Tuesday, hitting $7.55. 66,093 shares of the company's stock traded hands, compared to its average volume of 391,965. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The company has a market cap of $551.34 million, a PE ratio of 37.78 and a beta of 1.45. Cantaloupe, Inc. has a twelve month low of $5.75 and a twelve month high of $11.36. The stock has a 50 day simple moving average of $8.58 and a 200-day simple moving average of $8.87.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company earned $0.04 EPS. Equities research analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CTLP. Benchmark boosted their price objective on Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Barrington Research reissued an "outperform" rating and set a $14.00 target price on shares of Cantaloupe in a research note on Thursday, March 27th.

Cantaloupe 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.