Trade Report: The Capstone Asset Management Co. reached $141,000 position of CalAmp Corp. (CAMP)

The Capstone Asset Management Co. reached $141,000 position  of CalAmp Corp. (CAMP)

Capstone Asset Management Co. lowered its stake in shares of CalAmp Corp. (NASDAQ:CAMP) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,080 shares of the company’s stock after selling 260 shares during the period. Capstone Asset Management Co.’s holdings in CalAmp Corp. were worth $141,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in CAMP. Sei Investments Co. boosted its stake in shares of CalAmp Corp. by 114.6% in the second quarter. Sei Investments Co. now owns 6,930 shares of the company’s stock valued at $103,000 after buying an additional 3,701 shares during the last quarter. Mason Street Advisors LLC bought a new stake in CalAmp Corp. during the second quarter valued at approximately $106,000. Acrospire Investment Management LLC boosted its stake in CalAmp Corp. by 76.9% in the second quarter. Acrospire Investment Management LLC now owns 8,974 shares of the company’s stock valued at $133,000 after buying an additional 3,900 shares in the last quarter. Princeton Alpha Management LP bought a new stake in CalAmp Corp. during the second quarter valued at approximately $165,000. Finally, SECOR Capital Advisors LP bought a new stake in CalAmp Corp. during the second quarter valued at approximately $170,000. 65.97% of the stock is owned by institutional investors and hedge funds.

Shares of CalAmp Corp. (NASDAQ:CAMP) opened at 13.72 on Friday. CalAmp Corp. has a 1-year low of $13.01 and a 1-year high of $21.35. The firm’s 50-day moving average is $14.93 and its 200-day moving average is $15.08. The company has a market capitalization of $498.48 million, a price-to-earnings ratio of 71.09 and a beta of 1.27.

CalAmp Corp. (NASDAQ:CAMP) last posted its quarterly earnings data on Thursday, September 29th. The company reported $0.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.27. CalAmp Corp. had a net margin of 2.21% and a return on equity of 21.17%. The business had revenue of $90.50 million for the quarter. During the same quarter last year, the firm earned $0.27 EPS. The company’s revenue was up 29.6% on a year-over-year basis. Analysts forecast that CalAmp Corp. will post $1.11 earnings per share for the current fiscal year.

CAMP has been the subject of several research analyst reports. Zacks Investment Research raised shares of CalAmp Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. B. Riley reaffirmed a “buy” rating and issued a $29.00 target price on shares of CalAmp Corp. in a research report on Thursday, June 23rd. Craig Hallum reaffirmed a “buy” rating and issued a $20.00 target price (down from $21.00) on shares of CalAmp Corp. in a research report on Wednesday, June 29th. Canaccord Genuity reaffirmed a “buy” rating and issued a $25.00 target price on shares of CalAmp Corp. in a research report on Wednesday, June 29th. Finally, First Analysis dropped their target price on shares of CalAmp Corp. from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. CalAmp Corp. presently has a consensus rating of “Buy” and an average target price of $21.56.

In other CalAmp Corp. news, VP Richard K. Vitelle sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the transaction, the vice president now owns 304,409 shares in the company, valued at $4,566,135. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.00% of the company’s stock.

About CalAmp Corp.

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

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