Denali Advisors LLC Acquires New Shares in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Denali Advisors LLC acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 459,679 shares of the communications equipment provider's stock, valued at approximately $3,705,000.

Other institutional investors also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $81,000. Alliance Wealth Advisors LLC UT bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $94,000. Assetmark Inc. raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% in the third quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider's stock valued at $94,000 after acquiring an additional 11,708 shares during the last quarter. Fulton Bank N.A. bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $102,000. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the third quarter valued at approximately $100,000. 7.99% of the stock is owned by institutional investors and hedge funds.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of NASDAQ:ERIC traded up $0.04 during trading on Friday, reaching $8.26. The stock had a trading volume of 35,499,842 shares, compared to its average volume of 17,401,064. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week high of $8.90. The business's 50-day moving average price is $8.04 and its 200 day moving average price is $7.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96. The stock has a market capitalization of $27.51 billion, a PE ratio of -825,500.00, a P/E/G ratio of 3.89 and a beta of 0.77.

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Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. As a group, equities analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Thursday, March 27th were given a $0.1315 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)'s payout ratio is -1,700,000.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Company Profile

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.