Alberta Investment Management Corp Purchases 127,808 Shares of Sangoma Technologies Co. (NASDAQ:SANG)

Alberta Investment Management Corp boosted its position in shares of Sangoma Technologies Co. (NASDAQ:SANG - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,204,274 shares of the company's stock after buying an additional 127,808 shares during the quarter. Alberta Investment Management Corp owned approximately 3.61% of Sangoma Technologies worth $8,373,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. National Bank of Canada FI lifted its stake in shares of Sangoma Technologies by 13.2% in the 3rd quarter. National Bank of Canada FI now owns 72,259 shares of the company's stock valued at $398,000 after purchasing an additional 8,439 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Sangoma Technologies by 28.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,833 shares of the company's stock valued at $808,000 after purchasing an additional 32,000 shares during the period. Bard Associates Inc. lifted its stake in shares of Sangoma Technologies by 8.8% in the 3rd quarter. Bard Associates Inc. now owns 88,161 shares of the company's stock valued at $474,000 after purchasing an additional 7,141 shares during the period. Finally, Intact Investment Management Inc. acquired a new position in shares of Sangoma Technologies in the 3rd quarter valued at $1,587,000. Institutional investors and hedge funds own 39.65% of the company's stock.

Sangoma Technologies Trading Up 1.9 %

Shares of SANG stock traded up $0.11 during trading hours on Friday, reaching $5.79. The company had a trading volume of 4,336 shares, compared to its average volume of 11,480. The company has a 50 day moving average of $6.92 and a 200 day moving average of $6.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.86 and a quick ratio of 0.63. The firm has a market cap of $192.91 million, a price-to-earnings ratio of -27.55 and a beta of 1.35. Sangoma Technologies Co. has a 1-year low of $3.78 and a 1-year high of $7.99.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). Sangoma Technologies had a negative net margin of 2.81% and a negative return on equity of 2.61%. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. On average, equities research analysts anticipate that Sangoma Technologies Co. will post -0.18 EPS for the current year.

Sangoma Technologies Company Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.