Crescent Grove Advisors LLC bought a new stake in CareCloud, Inc. (NASDAQ:CCLD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 179,936 shares of the company's stock, valued at approximately $250,000. Crescent Grove Advisors LLC owned about 0.43% of CareCloud as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also modified their holdings of CCLD. Dimensional Fund Advisors LP increased its position in shares of CareCloud by 31.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 15,096 shares of the company's stock valued at $55,000 after acquiring an additional 3,641 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new stake in shares of CareCloud in the first quarter valued at about $70,000. Two Sigma Advisers LP acquired a new stake in shares of CareCloud in the fourth quarter valued at about $81,000. Chapin Davis Inc. increased its position in shares of CareCloud by 284.9% in the first quarter. Chapin Davis Inc. now owns 119,269 shares of the company's stock valued at $166,000 after acquiring an additional 88,285 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of CareCloud in the fourth quarter valued at about $252,000. Institutional investors and hedge funds own 10.16% of the company's stock.
Insider Transactions at CareCloud
In other news, Director John N. Daly sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $2.11, for a total transaction of $31,650.00. Following the completion of the sale, the director now owns 61,750 shares in the company, valued at $130,292.50. The trade was a 19.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 14.70% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on CCLD shares. Roth Mkm reissued a "neutral" rating and set a $1.50 price target (down previously from $3.50) on shares of CareCloud in a research report on Friday, March 14th. Roth Capital reissued a "neutral" rating on shares of CareCloud in a research report on Tuesday, May 6th.
Check Out Our Latest Stock Report on CareCloud
CareCloud Stock Up 5.7%
Shares of NASDAQ CCLD opened at $2.41 on Friday. The business's 50 day moving average price is $2.06 and its two-hundred day moving average price is $2.54. The company has a market cap of $101.99 million, a PE ratio of -10.95 and a beta of 2.05. CareCloud, Inc. has a twelve month low of $1.14 and a twelve month high of $4.84.
CareCloud (NASDAQ:CCLD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). CareCloud had a return on equity of 24.08% and a net margin of 8.92%. The firm had revenue of $27.60 million for the quarter, compared to the consensus estimate of $25.94 million. As a group, research analysts anticipate that CareCloud, Inc. will post 0.58 EPS for the current fiscal year.
CareCloud Company Profile
(
Free Report)
CareCloud, Inc, a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services.
See Also
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