California State Teachers Retirement System cut its position in Black Box Corp. (NASDAQ:BBOX) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,449 shares of the company’s stock after selling 1,364 shares during the period. California State Teachers Retirement System owned about 0.21% of Black Box Corp. worth $411,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Metropolitan Life Insurance Co. NY purchased a new position in shares of Black Box Corp. during the first quarter worth about $162,000. Jacobs Levy Equity Management Inc. increased its position in shares of Black Box Corp. by 67.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 33,587 shares of the company’s stock worth $452,000 after buying an additional 13,487 shares in the last quarter. Strs Ohio increased its position in shares of Black Box Corp. by 11.0% in the second quarter. Strs Ohio now owns 46,500 shares of the company’s stock worth $608,000 after buying an additional 4,600 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Black Box Corp. by 94.8% in the first quarter. Prudential Financial Inc. now owns 83,058 shares of the company’s stock worth $1,119,000 after buying an additional 40,416 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Black Box Corp. by 27.2% in the second quarter. Acadian Asset Management LLC now owns 94,983 shares of the company’s stock worth $1,242,000 after buying an additional 20,303 shares in the last quarter. Institutional investors own 96.86% of the company’s stock.
Shares of Black Box Corp. (NASDAQ:BBOX) traded down 1.73% on Thursday, reaching $13.06. 57,076 shares of the company were exchanged. Black Box Corp. has a 1-year low of $6.51 and a 1-year high of $17.00. The stock’s market capitalization is $197.83 million. The company has a 50-day moving average price of $14.03 and a 200 day moving average price of $13.56.
Black Box Corp. (NASDAQ:BBOX) last posted its earnings results on Tuesday, August 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.09. The business had revenue of $218.50 million for the quarter, compared to analyst estimates of $218.03 million. Black Box Corp. had a positive return on equity of 8.73% and a negative net margin of 19.10%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.22 EPS. On average, analysts forecast that Black Box Corp. will post $0.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Wednesday, September 28th. Black Box Corp.’s dividend payout ratio (DPR) is presently -4.27%.
Black Box Corp. Company Profile
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.