Bosun Asset Management LLC Sells 82,705 Shares of Cantaloupe, Inc. $CTLP

Key Points

• Bosun Asset Management LLC reduced its position in Cantaloupe, Inc. by 50.7%, selling 82,705 shares and owning 80,306 shares valued at approximately $632,000 as of the latest SEC filing.
• A number of analysts have downgraded Cantaloupe's stock ratings recently, with B. Riley reducing its target price from $11.50 to $11.20 and a consensus average target price now set at $12.24.
• Cantaloupe's stock has seen a 0.2% decline, currently trading at $10.85, with a market cap of $795.20 million and a price-to-earnings ratio of 13.73.

Bosun Asset Management LLC lowered its position in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 50.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,306 shares of the technology company's stock after selling 82,705 shares during the period. Bosun Asset Management LLC owned 0.11% of Cantaloupe worth $632,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC boosted its holdings in Cantaloupe by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 16,449 shares of the technology company's stock worth $156,000 after acquiring an additional 5,412 shares in the last quarter. Rhumbline Advisers raised its position in shares of Cantaloupe by 3.4% in the 1st quarter. Rhumbline Advisers now owns 83,698 shares of the technology company's stock worth $659,000 after purchasing an additional 2,725 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Cantaloupe by 8.2% in the 4th quarter. Ameriprise Financial Inc. now owns 93,280 shares of the technology company's stock worth $887,000 after purchasing an additional 7,083 shares in the last quarter. Squarepoint Ops LLC bought a new position in Cantaloupe in the 4th quarter worth about $821,000. Finally, Nuveen Asset Management LLC grew its position in Cantaloupe by 102.7% during the 4th quarter. Nuveen Asset Management LLC now owns 900,201 shares of the technology company's stock valued at $8,561,000 after purchasing an additional 456,199 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barrington Research cut shares of Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 16th. Wall Street Zen downgraded Cantaloupe from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Northland Capmk lowered Cantaloupe from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Benchmark downgraded Cantaloupe from a "buy" rating to a "hold" rating in a report on Tuesday, June 17th. Finally, William Blair cut Cantaloupe from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $12.24.

Cantaloupe Stock Performance

CTLP stock traded up $0.02 during trading on Monday, reaching $10.83. The stock had a trading volume of 2,430,100 shares, compared to its average volume of 1,170,126. The firm has a market cap of $793.73 million, a PE ratio of 13.71 and a beta of 1.09. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.15. The stock's 50 day moving average is $10.99 and its two-hundred day moving average is $9.45. Cantaloupe, Inc. has a 52 week low of $5.82 and a 52 week high of $11.36.

About Cantaloupe

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.