Navellier & Associates Inc. raised its holdings in CSP Inc. (NASDAQ:CSPI - Free Report) by 61.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,576 shares of the information technology services provider's stock after acquiring an additional 23,550 shares during the period. Navellier & Associates Inc. owned about 0.62% of CSP worth $990,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Barclays PLC acquired a new stake in shares of CSP during the third quarter worth $104,000. Institutional investors and hedge funds own 26.74% of the company's stock.
CSP Stock Up 6.8 %
CSPI traded up $1.07 during trading on Wednesday, hitting $16.76. The company had a trading volume of 84,927 shares, compared to its average volume of 35,866. The company has a market capitalization of $165.59 million, a PE ratio of 1,677.68 and a beta of 1.46. CSP Inc. has a one year low of $10.76 and a one year high of $29.22. The firm's 50-day moving average price is $17.32 and its 200 day moving average price is $15.03.
CSP (NASDAQ:CSPI - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The information technology services provider reported $0.05 EPS for the quarter. CSP had a return on equity of 0.17% and a net margin of 0.14%.
CSP Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Monday, February 24th. CSP's dividend payout ratio (DPR) is currently 1,200.00%.
CSP Company Profile
(
Free Report)
CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.
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