683 Capital Management LLC Takes Position in CSP Inc. (NASDAQ:CSPI)

683 Capital Management LLC bought a new position in CSP Inc. (NASDAQ:CSPI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,953 shares of the information technology services provider's stock, valued at approximately $321,000. 683 Capital Management LLC owned about 0.20% of CSP as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC lifted its stake in shares of CSP by 39.2% in the fourth quarter. Copeland Capital Management LLC now owns 4,532 shares of the information technology services provider's stock worth $73,000 after buying an additional 1,277 shares during the last quarter. Barclays PLC acquired a new position in CSP during the 3rd quarter worth $104,000. Jane Street Group LLC acquired a new position in CSP during the 4th quarter worth $256,000. Northern Trust Corp grew its position in shares of CSP by 39.9% in the fourth quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider's stock valued at $624,000 after purchasing an additional 11,075 shares during the last quarter. Finally, Navellier & Associates Inc. increased its stake in shares of CSP by 61.9% in the fourth quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider's stock worth $990,000 after purchasing an additional 23,550 shares during the period. Institutional investors own 26.74% of the company's stock.

CSP Stock Performance

NASDAQ CSPI opened at $16.99 on Friday. The stock has a 50-day simple moving average of $15.74 and a 200 day simple moving average of $15.92. CSP Inc. has a twelve month low of $10.76 and a twelve month high of $21.95. The stock has a market capitalization of $167.86 million, a PE ratio of 1,700.70 and a beta of 0.87.

CSP (NASDAQ:CSPI - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The information technology services provider reported $0.05 EPS for the quarter. CSP had a return on equity of 0.17% and a net margin of 0.14%.

CSP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.12 annualized dividend and a yield of 0.71%. CSP's dividend payout ratio is 1,200.00%.

CSP Company Profile

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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