Manatuck Hill Partners LLC Purchases 211,455 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Manatuck Hill Partners LLC raised its stake in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 88.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 450,000 shares of the technology company's stock after acquiring an additional 211,455 shares during the quarter. Cantaloupe comprises approximately 1.8% of Manatuck Hill Partners LLC's investment portfolio, making the stock its 18th biggest holding. Manatuck Hill Partners LLC owned approximately 0.62% of Cantaloupe worth $4,280,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CTLP. Geode Capital Management LLC raised its holdings in Cantaloupe by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company's stock worth $10,111,000 after purchasing an additional 46,518 shares during the last quarter. Barclays PLC grew its position in shares of Cantaloupe by 272.2% during the 3rd quarter. Barclays PLC now owns 113,920 shares of the technology company's stock worth $843,000 after buying an additional 83,316 shares during the period. Virtu Financial LLC bought a new stake in shares of Cantaloupe in the 3rd quarter valued at about $156,000. JPMorgan Chase & Co. raised its position in shares of Cantaloupe by 340.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company's stock valued at $824,000 after acquiring an additional 86,109 shares during the period. Finally, UMB Bank n.a. bought a new position in Cantaloupe during the 4th quarter worth approximately $153,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTLP has been the topic of several analyst reports. Barrington Research reiterated an "outperform" rating and issued a $14.00 target price on shares of Cantaloupe in a report on Thursday, March 27th. Benchmark boosted their target price on Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th.

Cantaloupe Stock Up 0.5 %

Shares of Cantaloupe stock traded up $0.04 on Wednesday, hitting $8.20. The company had a trading volume of 91,474 shares, compared to its average volume of 398,572. The stock has a 50-day moving average of $7.97 and a 200-day moving average of $8.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12. Cantaloupe, Inc. has a twelve month low of $5.78 and a twelve month high of $11.36. The firm has a market capitalization of $599.18 million, a P/E ratio of 40.93 and a beta of 1.08.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last announced its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. During the same period last year, the firm posted $0.04 earnings per share. Research analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Cantaloupe Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.