CSP Inc. (NASDAQ:CSPI) Shares Acquired by Visionary Wealth Advisors

Visionary Wealth Advisors boosted its stake in CSP Inc. (NASDAQ:CSPI - Free Report) by 15.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 766,842 shares of the information technology services provider's stock after purchasing an additional 102,544 shares during the period. Visionary Wealth Advisors owned about 7.76% of CSP worth $12,323,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Navellier & Associates Inc. lifted its position in shares of CSP by 61.9% during the 4th quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider's stock worth $990,000 after purchasing an additional 23,550 shares during the last quarter. Northern Trust Corp lifted its position in CSP by 39.9% in the fourth quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider's stock valued at $624,000 after acquiring an additional 11,075 shares during the last quarter. Millennium Management LLC lifted its position in CSP by 19.5% in the fourth quarter. Millennium Management LLC now owns 28,570 shares of the information technology services provider's stock valued at $459,000 after acquiring an additional 4,659 shares during the last quarter. 683 Capital Management LLC purchased a new stake in CSP in the fourth quarter valued at $321,000. Finally, Jane Street Group LLC purchased a new stake in CSP in the fourth quarter valued at $256,000. Institutional investors and hedge funds own 26.74% of the company's stock.

CSP Stock Up 1.7%

CSPI traded up $0.24 on Friday, reaching $14.61. The company had a trading volume of 12,809 shares, compared to its average volume of 31,745. CSP Inc. has a 1 year low of $10.76 and a 1 year high of $21.95. The stock has a market capitalization of $144.10 million, a PE ratio of 1,462.46 and a beta of 0.88. The stock has a 50-day moving average price of $15.59 and a 200-day moving average price of $16.21.

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

CSP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.03 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.82%. CSP's dividend payout ratio (DPR) is presently -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.