185,753 Shares in Vistance Networks, Inc. $VISN Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP acquired 185,753 shares of Vistance Networks, worth approximately $2.37 million, giving it a 0.08% stake at the end of the second quarter.
• Chief Accounting Officer Charles A. Gilstrap purchased 10,000 shares for $107,500, increasing his position by 3.42%; insiders collectively own 3.50% of the company.
• Vistance Networks declared a $5.00 per-share dividend payable August 27 to shareholders of record August 17. Analysts maintain a consensus “Hold” rating with a $19.33 price target.

GSA Capital Partners LLP acquired a new position in shares of Vistance Networks, Inc. (NASDAQ:VISN - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 185,753 shares of the business services provider's stock, valued at approximately $2,374,000. GSA Capital Partners LLP owned 0.08% of Vistance Networks at the end of the most recent quarter.

Insider Activity

In related news, CAO Charles A. Gilstrap purchased 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $10.75 per share, for a total transaction of $107,500.00. Following the completion of the acquisition, the chief accounting officer owned 302,417 shares in the company, valued at $3,250,982.75. This trade represents a 3.42% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by company insiders.

Vistance Networks Trading Up 1.6%

Shares of Vistance Networks stock opened at $11.53 on Friday. Vistance Networks, Inc. has a 1 year low of $9.47 and a 1 year high of $20.55. The company has a market cap of $2.66 billion, a P/E ratio of 0.37 and a beta of 2.36. The stock has a 50-day moving average price of $12.15 and a 200 day moving average price of $14.98.

Vistance Networks Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, August 27th. Stockholders of record on Monday, August 17th will be given a $5.00 dividend. The ex-dividend date of this dividend is Monday, August 17th.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VISN. Weiss Ratings reissued a "hold (c+)" rating on shares of Vistance Networks in a research report on Monday, August 3rd. Zacks Research downgraded shares of Vistance Networks from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 30th. Finally, Northland Securities set a $17.00 price objective on shares of Vistance Networks in a research note on Friday, May 1st. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $19.33.

Vistance Networks Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.

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