Rock Creek Group LP acquired a new position in Powerfleet, Inc. (NASDAQ:AIOT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 66,408 shares of the company's stock, valued at approximately $442,000. Rock Creek Group LP owned approximately 0.05% of Powerfleet as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. acquired a new position in Powerfleet during the 4th quarter worth $43,134,000. Royce & Associates LP acquired a new position in shares of Powerfleet during the fourth quarter valued at $24,487,000. Private Management Group Inc. bought a new position in shares of Powerfleet in the 4th quarter valued at about $23,147,000. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Powerfleet during the 4th quarter worth $11,034,000. Finally, Hodges Capital Management Inc. bought a new stake in shares of Powerfleet during the 4th quarter valued at $10,982,000. Institutional investors own 73.40% of the company's stock.
Powerfleet Price Performance
Shares of NASDAQ:AIOT traded down $0.71 during trading on Thursday, hitting $4.93. 1,145,037 shares of the company's stock traded hands, compared to its average volume of 1,477,427. The company has a 50-day moving average price of $6.50 and a 200-day moving average price of $6.12. Powerfleet, Inc. has a 52 week low of $3.99 and a 52 week high of $8.71. The company has a current ratio of 1.21, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51.
Powerfleet (NASDAQ:AIOT - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.13). Equities analysts expect that Powerfleet, Inc. will post -0.32 EPS for the current year.
Wall Street Analysts Forecast Growth
AIOT has been the topic of several recent research reports. Northland Securities raised their price target on Powerfleet from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Lake Street Capital upped their price target on Powerfleet from $7.00 to $11.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Barrington Research reiterated an "outperform" rating and issued a $15.00 price target on shares of Powerfleet in a research report on Thursday, February 13th.
Check Out Our Latest Stock Report on AIOT
Powerfleet Profile
(
Free Report)
PowerFleet, Inc engages in the provision of fleet management solutions for logistics, industrial, and vehicles. It offers wireless Internet of Things and machine to machine solutions for securing, controlling, tracking, and managing enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicle and truck fleets.
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