Renaissance Technologies LLC lowered its stake in CSP Inc. (NASDAQ:CSPI - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 339,347 shares of the information technology services provider's stock after selling 54,579 shares during the quarter. Renaissance Technologies LLC owned approximately 3.43% of CSP worth $5,453,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Copeland Capital Management LLC lifted its position in shares of CSP by 39.2% in the fourth quarter. Copeland Capital Management LLC now owns 4,532 shares of the information technology services provider's stock valued at $73,000 after acquiring an additional 1,277 shares in the last quarter. Barclays PLC acquired a new position in CSP in the 3rd quarter valued at about $104,000. Finally, Navellier & Associates Inc. lifted its holdings in CSP by 61.9% in the 4th quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider's stock valued at $990,000 after purchasing an additional 23,550 shares in the last quarter. Institutional investors and hedge funds own 26.74% of the company's stock.
CSP Price Performance
CSPI stock traded up $0.65 during midday trading on Wednesday, hitting $15.87. The stock had a trading volume of 18,286 shares, compared to its average volume of 38,887. The company's 50-day moving average price is $15.92 and its 200 day moving average price is $15.73. The firm has a market cap of $156.80 million, a PE ratio of 1,588.59 and a beta of 1.22. CSP Inc. has a 12-month low of $10.76 and a 12-month high of $21.95.
CSP (NASDAQ:CSPI - Get Free Report) last announced its quarterly earnings data 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 Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a $0.03 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.12 dividend on an annualized basis and a yield of 0.76%. CSP's payout ratio is 1,200.00%.
About CSP
(
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.
See Also
Before you consider CSP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSP wasn't on the list.
While CSP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
