Navellier & Associates Inc. reduced its holdings in shares of CSP Inc. (NASDAQ:CSPI - Free Report) by 41.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,359 shares of the information technology services provider's stock after selling 25,217 shares during the quarter. Navellier & Associates Inc. owned about 0.37% of CSP worth $601,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Visionary Wealth Advisors increased its holdings in CSP by 15.4% during the 4th quarter. Visionary Wealth Advisors now owns 766,842 shares of the information technology services provider's stock worth $12,323,000 after acquiring an additional 102,544 shares during the period. Millennium Management LLC increased its holdings in CSP by 19.5% during the 4th quarter. Millennium Management LLC now owns 28,570 shares of the information technology services provider's stock worth $459,000 after acquiring an additional 4,659 shares during the period. Jane Street Group LLC bought a new stake in CSP during the 4th quarter worth approximately $256,000. 683 Capital Management LLC bought a new stake in CSP during the 4th quarter worth approximately $321,000. Finally, Northern Trust Corp increased its holdings in CSP by 39.9% during the 4th quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider's stock worth $624,000 after acquiring an additional 11,075 shares during the period. 26.74% of the stock is currently owned by hedge funds and other institutional investors.
CSP Price Performance
CSPI stock traded up $0.17 during midday trading on Wednesday, reaching $11.15. The company had a trading volume of 1,144 shares, compared to its average volume of 33,324. CSP Inc. has a 1 year low of $10.39 and a 1 year high of $21.95. The company has a market capitalization of $109.94 million, a P/E ratio of -69.68 and a beta of 0.84. The firm has a 50-day moving average price of $12.46 and a 200-day moving average price of $15.07.
CSP (NASDAQ:CSPI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter. CSP had a negative net margin of 2.75% and a negative return on equity of 3.18%.
CSP Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.12 annualized dividend and a yield of 1.08%. CSP's payout ratio is currently -75.00%.
CSP Profile
(
Free Report)
CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.
Recommended Stories

Before you consider CSP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSP wasn't on the list.
While CSP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.