Sanctuary Advisors LLC Makes New $569,000 Investment in Pitney Bowes Inc. (NYSE:PBI)

Sanctuary Advisors LLC bought a new position in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 79,848 shares of the technology company's stock, valued at approximately $569,000.

Other institutional investors have also modified their holdings of the company. Cutter & CO Brokerage Inc. lifted its holdings in shares of Pitney Bowes by 6.7% during the second quarter. Cutter & CO Brokerage Inc. now owns 31,933 shares of the technology company's stock worth $162,000 after purchasing an additional 2,000 shares during the period. Louisiana State Employees Retirement System boosted its position in Pitney Bowes by 3.0% during the second quarter. Louisiana State Employees Retirement System now owns 78,300 shares of the technology company's stock worth $398,000 after purchasing an additional 2,300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Pitney Bowes by 10.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,663 shares of the technology company's stock valued at $347,000 after acquiring an additional 4,728 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Pitney Bowes by 6.8% in the second quarter. Federated Hermes Inc. now owns 79,420 shares of the technology company's stock valued at $403,000 after purchasing an additional 5,073 shares during the last quarter. Finally, nVerses Capital LLC increased its position in Pitney Bowes by 59.6% during the third quarter. nVerses Capital LLC now owns 15,000 shares of the technology company's stock worth $107,000 after buying an additional 5,600 shares in the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Paul J. Evans bought 29,000 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $7.80 per share, for a total transaction of $226,200.00. Following the acquisition, the director now owns 29,000 shares in the company, valued at $226,200. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Lauren Freemen-Bosworth sold 42,308 shares of Pitney Bowes stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $8.12, for a total transaction of $343,540.96. Following the sale, the executive vice president now owns 18,664 shares in the company, valued at $151,551.68. This represents a 69.39 % decrease in their position. The disclosure for this sale can be found here. 14.30% of the stock is currently owned by insiders.

Pitney Bowes Trading Down 0.4 %

Shares of Pitney Bowes stock traded down $0.03 during mid-day trading on Thursday, hitting $7.33. 1,364,184 shares of the stock were exchanged, compared to its average volume of 1,767,859. The company has a 50-day simple moving average of $7.58 and a 200 day simple moving average of $6.86. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -3.36, a price-to-earnings-growth ratio of 1.35 and a beta of 1.97. Pitney Bowes Inc. has a twelve month low of $3.68 and a twelve month high of $8.80.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its earnings results on Friday, November 8th. The technology company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%. The firm had revenue of $499.46 million during the quarter, compared to analysts' expectations of $467.80 million. Equities research analysts forecast that Pitney Bowes Inc. will post 0.38 earnings per share for the current fiscal year.

Pitney Bowes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 18th were issued a $0.05 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.73%. Pitney Bowes's dividend payout ratio (DPR) is presently -9.17%.

Pitney Bowes Company Profile

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.