John G Ullman & Associates Inc. lifted its stake in shares of CalAmp Corp. (NASDAQ:CAMP) by 24.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 223,707 shares of the Wireless communications provider’s stock after buying an additional 43,857 shares during the quarter. John G Ullman & Associates Inc. owned approximately 0.65% of CalAmp worth $2,814,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in CAMP. Group One Trading L.P. acquired a new stake in shares of CalAmp in the fourth quarter valued at approximately $34,000. Quantamental Technologies LLC acquired a new stake in shares of CalAmp in the first quarter valued at approximately $70,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of CalAmp by 423.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,925 shares of the Wireless communications provider’s stock valued at $155,000 after acquiring an additional 9,648 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in shares of CalAmp in the fourth quarter valued at approximately $172,000. Finally, Pacer Advisors Inc. boosted its holdings in shares of CalAmp by 242.0% in the third quarter. Pacer Advisors Inc. now owns 7,990 shares of the Wireless communications provider’s stock valued at $191,000 after acquiring an additional 5,654 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.
CAMP has been the subject of several research analyst reports. JPMorgan Chase & Co. raised CalAmp from a “neutral” rating to an “overweight” rating and set a $17.00 price objective for the company in a report on Friday, January 25th. ValuEngine raised CalAmp from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Zacks Investment Research downgraded CalAmp from a “buy” rating to a “hold” rating in a report on Monday, March 4th. BidaskClub upgraded CalAmp from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 25th. Finally, Craig Hallum restated a “buy” rating and set a $16.00 price target (down previously from $17.00) on shares of CalAmp in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. CalAmp currently has a consensus rating of “Hold” and an average price target of $20.50.
NASDAQ:CAMP traded down $0.03 during trading hours on Friday, hitting $12.57. The company’s stock had a trading volume of 140,183 shares, compared to its average volume of 291,116. The stock has a market capitalization of $422.31 million, a price-to-earnings ratio of 15.30, a PEG ratio of 2.78 and a beta of 1.86. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.44 and a current ratio of 4.83. CalAmp Corp. has a 52-week low of $10.91 and a 52-week high of $24.52.
CalAmp (NASDAQ:CAMP) last released its quarterly earnings data on Tuesday, April 30th. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The firm had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $88.58 million. CalAmp had a return on equity of 14.66% and a net margin of 5.06%. CalAmp’s revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. On average, analysts predict that CalAmp Corp. will post 0.49 EPS for the current year.
CalAmp Company Profile
CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.
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