Arrowstreet Capital Limited Partnership Grows Stock Holdings in Sangoma Technologies Co. (NASDAQ:SANG)

Arrowstreet Capital Limited Partnership grew its position in Sangoma Technologies Co. (NASDAQ:SANG - Free Report) by 1,171.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,879 shares of the company's stock after acquiring an additional 131,638 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.43% of Sangoma Technologies worth $993,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SANG. Alberta Investment Management Corp boosted its position in shares of Sangoma Technologies by 11.9% during the fourth quarter. Alberta Investment Management Corp now owns 1,204,274 shares of the company's stock valued at $8,373,000 after buying an additional 127,808 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Sangoma Technologies by 47.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 215,533 shares of the company's stock worth $1,497,000 after purchasing an additional 69,700 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Sangoma Technologies by 375.6% in the 4th quarter. JPMorgan Chase & Co. now owns 19,500 shares of the company's stock worth $135,000 after buying an additional 15,400 shares during the period. National Bank of Canada FI lifted its holdings in Sangoma Technologies by 13.2% during the 3rd quarter. National Bank of Canada FI now owns 72,259 shares of the company's stock valued at $398,000 after buying an additional 8,439 shares in the last quarter. Finally, Bard Associates Inc. boosted its position in Sangoma Technologies by 2.3% in the 4th quarter. Bard Associates Inc. now owns 90,205 shares of the company's stock valued at $644,000 after buying an additional 2,044 shares during the period. 39.65% of the stock is owned by hedge funds and other institutional investors.

Sangoma Technologies Trading Up 0.7 %

Shares of NASDAQ:SANG traded up $0.04 during trading on Thursday, reaching $4.84. 1,155 shares of the company were exchanged, compared to its average volume of 8,005. The business's fifty day simple moving average is $5.03 and its 200-day simple moving average is $6.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.86 and a quick ratio of 0.63. Sangoma Technologies Co. has a 12-month low of $4.04 and a 12-month high of $7.99. The firm has a market capitalization of $162.43 million, a PE ratio of -23.02 and a beta of 1.45.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Sangoma Technologies had a negative return on equity of 2.61% and a negative net margin of 2.81%. During the same period in the previous year, the company earned ($0.10) EPS. On average, research analysts anticipate that Sangoma Technologies Co. will post -0.18 EPS for the current year.

Sangoma Technologies Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.