Visionary Wealth Advisors Acquires 102,544 Shares of CSP Inc. (NASDAQ:CSPI)

Visionary Wealth Advisors grew its stake in CSP Inc. (NASDAQ:CSPI - Free Report) by 15.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 766,842 shares of the information technology services provider's stock after acquiring an additional 102,544 shares during the quarter. Visionary Wealth Advisors owned 7.76% of CSP worth $12,323,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Copeland Capital Management LLC boosted its position in shares of CSP by 39.2% during the fourth quarter. Copeland Capital Management LLC now owns 4,532 shares of the information technology services provider's stock valued at $73,000 after buying an additional 1,277 shares during the last quarter. Barclays PLC purchased a new stake in shares of CSP during the 3rd quarter valued at about $104,000. Jane Street Group LLC purchased a new stake in shares of CSP during the 4th quarter valued at about $256,000. 683 Capital Management LLC bought a new stake in shares of CSP in the fourth quarter worth approximately $321,000. Finally, Millennium Management LLC raised its holdings in shares of CSP by 19.5% during the fourth quarter. Millennium Management LLC now owns 28,570 shares of the information technology services provider's stock valued at $459,000 after purchasing an additional 4,659 shares during the last quarter. 26.74% of the stock is owned by hedge funds and other institutional investors.

CSP Trading Down 6.9%

CSPI stock traded down $1.06 on Thursday, hitting $14.37. The company had a trading volume of 25,184 shares, compared to its average volume of 31,971. CSP Inc. has a 12-month low of $10.76 and a 12-month high of $21.95. The stock has a market cap of $141.73 million, a price-to-earnings ratio of 1,438.44 and a beta of 0.88. The stock's 50-day simple moving average is $15.70 and its 200 day simple moving average is $16.19.

CSP (NASDAQ:CSPI - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter. CSP had a return on equity of 0.17% and a net margin of 0.14%.

CSP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.12 annualized dividend and a yield of 0.84%. CSP's dividend payout ratio (DPR) is -75.00%.

CSP Company Profile

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.