Cantaloupe, Inc. $CTLP Shares Acquired by Samjo Management LLC

Key Points

• Samjo Management LLC has increased its stake in Cantaloupe, Inc. by 5.5%, now holding 842,005 shares valued at approximately $6.63 million, making it the firm's 10th largest investment.
• Institutional investors own about 75.75% of Cantaloupe’s stock, with notable increases in holdings from other hedge funds like Janus Henderson Group PLC and Invesco Ltd.
• Recent analyst ratings for Cantaloupe have downgraded the stock from "strong-buy" to "hold," with an average price target set at $12.24.

Samjo Management LLC increased its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 842,005 shares of the technology company's stock after purchasing an additional 43,555 shares during the period. Cantaloupe accounts for about 2.8% of Samjo Management LLC's investment portfolio, making the stock its 10th largest holding. Samjo Management LLC owned 1.15% of Cantaloupe worth $6,627,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTLP. Farther Finance Advisors LLC raised its holdings in Cantaloupe by 8,886.0% during the first quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company's stock worth $35,000 after purchasing an additional 4,443 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Cantaloupe in the fourth quarter worth approximately $77,000. Bailard Inc. acquired a new position in Cantaloupe in the first quarter worth approximately $87,000. Summit Securities Group LLC acquired a new position in Cantaloupe in the first quarter worth approximately $96,000. Finally, New York State Common Retirement Fund grew its position in Cantaloupe by 57.1% in the first quarter. New York State Common Retirement Fund now owns 12,384 shares of the technology company's stock worth $97,000 after buying an additional 4,500 shares during the last quarter. Institutional investors own 75.75% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CTLP shares. Craig Hallum lowered shares of Cantaloupe from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Benchmark lowered shares of Cantaloupe from a "buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Wall Street Zen cut shares of Cantaloupe from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. William Blair cut shares of Cantaloupe from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Finally, B. Riley cut shares of Cantaloupe from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $11.50 to $11.20 in a research report on Tuesday, June 17th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $12.24.

Cantaloupe Stock Down 0.0%

Shares of NASDAQ:CTLP traded down $0.01 during trading on Thursday, reaching $10.85. 581,525 shares of the company traded hands, compared to its average volume of 1,138,338. The firm has a fifty day simple moving average of $11.01 and a 200 day simple moving average of $9.46. The firm has a market cap of $794.82 million, a P/E ratio of 13.73 and a beta of 1.18. Cantaloupe, Inc. has a 1-year low of $5.82 and a 1-year high of $11.36. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.15.

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.