Connor Clark & Lunn Investment Management Ltd. grew its stake in Sangoma Technologies Co. (NASDAQ:SANG - Free Report) by 47.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,533 shares of the company's stock after buying an additional 69,700 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.65% of Sangoma Technologies worth $1,497,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bard Associates Inc. increased its position in Sangoma Technologies by 2.3% in the fourth quarter. Bard Associates Inc. now owns 90,205 shares of the company's stock worth $644,000 after buying an additional 2,044 shares in the last quarter. National Bank of Canada FI increased its position in Sangoma Technologies by 13.2% in the third quarter. National Bank of Canada FI now owns 72,259 shares of the company's stock worth $398,000 after buying an additional 8,439 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its stake in shares of Sangoma Technologies by 11.9% in the fourth quarter. Alberta Investment Management Corp now owns 1,204,274 shares of the company's stock worth $8,373,000 after acquiring an additional 127,808 shares during the period. Hedge funds and other institutional investors own 39.65% of the company's stock.
Sangoma Technologies Price Performance
Shares of NASDAQ SANG traded up $0.03 during mid-day trading on Friday, reaching $4.66. The company's stock had a trading volume of 4,219 shares, compared to its average volume of 8,181. The firm has a market capitalization of $156.41 million, a PE ratio of -22.17 and a beta of 1.39. 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 stock has a fifty day moving average of $6.13 and a two-hundred day moving average of $6.15. Sangoma Technologies Co. has a 52 week low of $4.04 and a 52 week 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) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). Sangoma Technologies had a negative return on equity of 2.61% and a negative net margin of 2.81%. During the same period in the prior year, the business posted ($0.10) earnings per share. As a group, sell-side analysts anticipate that Sangoma Technologies Co. will post -0.18 EPS for the current fiscal year.
About Sangoma Technologies
(
Free Report)
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.
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