Trade Report: Today, California Public Employees Retirement System Increases Stake in Black Box Corp. (BBOX)

Today, California Public Employees Retirement System Increases Stake in Black Box Corp. (BBOX)

California Public Employees Retirement System boosted its stake in Black Box Corp. (NASDAQ:BBOX) by 3.5% during the second quarter, Holdings Channel reports. The fund owned 154,500 shares of the company’s stock after buying an additional 5,200 shares during the period. California Public Employees Retirement System owned approximately 1.03% of Black Box Corp. worth $2,021,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Suntrust Banks Inc. purchased a new position in Black Box Corp. during the second quarter valued at $132,000. Metropolitan Life Insurance Co. NY purchased a new position in Black Box Corp. during the first quarter valued at $162,000. Jacobs Levy Equity Management Inc. increased its position in 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 valued at $452,000 after buying an additional 13,487 shares during the last quarter. Strs Ohio increased its position in Black Box Corp. by 11.0% in the second quarter. Strs Ohio now owns 46,500 shares of the company’s stock valued at $608,000 after buying an additional 4,600 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in Black Box Corp. by 94.8% in the first quarter. Prudential Financial Inc. now owns 83,058 shares of the company’s stock valued at $1,119,000 after buying an additional 40,416 shares during the last quarter. Institutional investors own 96.86% of the company’s stock.

Black Box Corp. (NASDAQ:BBOX) traded up 0.22% on Thursday, hitting $13.85. The stock had a trading volume of 19,797 shares. The firm has a 50-day moving average of $14.05 and a 200 day moving average of $13.58. The company’s market capitalization is $209.80 million. Black Box Corp. has a 52 week low of $6.51 and a 52 week high of $17.00.

Black Box Corp. (NASDAQ:BBOX) last released its earnings results on Tuesday, August 2nd. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.09. Black Box Corp. had a positive return on equity of 8.73% and a negative net margin of 19.10%. The company earned $218.50 million during the quarter, compared to the consensus estimate of $218.03 million. During the same period last year, the firm posted $0.22 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. On average, analysts predict that Black Box Corp. will post $0.75 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, September 28th. Black Box Corp.’s dividend payout ratio (DPR) is -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.

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