Key Points
- Director Ismail Azeri bought 2,282 shares of CSP Inc. on May 12 at an average price of $9.38, a transaction worth about $21,405. He later bought another 218 shares on May 13 at $9.41.
- Following the purchase, Azeri’s stake increased to 108,272 shares, valued at roughly $1.02 million, representing a 2.15% increase in ownership.
- CSP recently reported quarterly EPS of $0.03 on revenue of $16.01 million and announced a quarterly dividend of $0.03 per share, while analysts currently rate the stock a Sell.
CSP Inc. (NASDAQ:CSPI - Get Free Report) Director Ismail Azeri bought 2,282 shares of the business's stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $9.38 per share, with a total value of $21,405.16. Following the transaction, the director owned 108,272 shares in the company, valued at approximately $1,015,591.36. The trade was a 2.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Ismail Azeri also recently made the following trade(s):
- On Wednesday, May 13th, Ismail Azeri bought 218 shares of CSP stock. The shares were purchased at an average cost of $9.41 per share, with a total value of $2,051.38.
CSP Price Performance
CSP stock opened at $9.65 on Friday. The firm has a market cap of $97.18 million, a price-to-earnings ratio of -965.00 and a beta of 0.80. CSP Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $16.59. The firm has a fifty day moving average price of $8.91 and a two-hundred day moving average price of $10.65.
CSP (NASDAQ:CSPI - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter. CSP had a negative net margin of 0.20% and a negative return on equity of 0.25%. The company had revenue of $16.01 million for the quarter.
CSP Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.12 annualized dividend and a dividend yield of 1.2%. CSP's payout ratio is presently -1,200.00%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of CSP from a "sell (d)" rating to a "sell (d+)" rating in a report on Monday. Wall Street Zen downgraded shares of CSP from a "hold" rating to a "sell" rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CSP currently has a consensus rating of "Sell".
Check Out Our Latest Report on CSP
Hedge Funds Weigh In On CSP
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC boosted its position in CSP by 100.2% in the fourth quarter. Segall Bryant & Hamill LLC now owns 38,448 shares of the information technology services provider's stock valued at $481,000 after buying an additional 19,244 shares in the last quarter. Visionary Wealth Advisors boosted its position in CSP by 2.4% in the fourth quarter. Visionary Wealth Advisors now owns 764,888 shares of the information technology services provider's stock valued at $9,561,000 after buying an additional 17,728 shares in the last quarter. Wells Fargo & Company MN boosted its position in CSP by 72.6% in the fourth quarter. Wells Fargo & Company MN now owns 7,618 shares of the information technology services provider's stock valued at $95,000 after buying an additional 3,204 shares in the last quarter. Geode Capital Management LLC boosted its position in CSP by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 163,385 shares of the information technology services provider's stock valued at $2,043,000 after buying an additional 2,739 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in CSP in the third quarter valued at about $157,000. 26.74% of the stock is currently owned by institutional investors and hedge funds.
About CSP
(
Get 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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