Aquatic Capital Management LLC Makes New $476,000 Investment in Pitney Bowes Inc. (NYSE:PBI)

Aquatic Capital Management LLC acquired a new position in Pitney Bowes Inc. (NYSE:PBI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 65,776 shares of the technology company's stock, valued at approximately $476,000.

Several other institutional investors also recently bought and sold shares of PBI. Susquehanna Fundamental Investments LLC bought a new position in shares of Pitney Bowes during the 4th quarter worth $2,274,000. State of Tennessee Department of Treasury lifted its stake in Pitney Bowes by 8.7% in the fourth quarter. State of Tennessee Department of Treasury now owns 75,629 shares of the technology company's stock worth $548,000 after acquiring an additional 6,049 shares during the period. Tower Research Capital LLC TRC grew its holdings in Pitney Bowes by 527.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 48,019 shares of the technology company's stock worth $348,000 after acquiring an additional 40,369 shares in the last quarter. MetLife Investment Management LLC increased its position in Pitney Bowes by 12.5% during the 4th quarter. MetLife Investment Management LLC now owns 97,701 shares of the technology company's stock valued at $707,000 after purchasing an additional 10,870 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of Pitney Bowes in the 4th quarter valued at about $6,245,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a report on Monday, March 31st.

Insiders Place Their Bets

In other Pitney Bowes news, EVP James Arthur Fairweather sold 130,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $10.83, for a total value of $1,407,900.00. Following the completion of the sale, the executive vice president now owns 176,145 shares of the company's stock, valued at approximately $1,907,650.35. This trade represents a 42.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kurt James Wolf sold 481,199 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $10.77, for a total value of $5,182,513.23. Following the sale, the director now owns 584,636 shares in the company, valued at $6,296,529.72. The trade was a 45.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,941,529 shares of company stock valued at $19,517,109. 9.00% of the stock is currently owned by insiders.

Pitney Bowes Trading Up 0.4 %

Shares of NYSE:PBI traded up $0.04 on Tuesday, reaching $9.06. The company had a trading volume of 1,285,222 shares, compared to its average volume of 2,066,161. The firm has a market capitalization of $1.66 billion, a PE ratio of -8.09, a PEG ratio of 0.59 and a beta of 1.47. Pitney Bowes Inc. has a 52-week low of $4.62 and a 52-week high of $11.01. The firm's 50 day simple moving average is $8.93 and its 200-day simple moving average is $8.36.

Pitney Bowes (NYSE:PBI - Get Free Report) last posted its earnings results on Tuesday, February 11th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.16. Pitney Bowes had a negative return on equity of 20.95% and a negative net margin of 7.71%. As a group, equities research analysts predict that Pitney Bowes Inc. will post 1.21 earnings per share for the current year.

Pitney Bowes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 21st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.65%. This is an increase from Pitney Bowes's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 21st. Pitney Bowes's dividend payout ratio (DPR) is -21.43%.

Pitney Bowes Company Profile

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.