CSP Inc. (NASDAQ:CSPI) Stake Lowered by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its position in shares of CSP Inc. (NASDAQ:CSPI - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,778 shares of the information technology services provider's stock after selling 98,778 shares during the period. Mercer Global Advisors Inc. ADV owned approximately 1.00% of CSP worth $1,587,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Copeland Capital Management LLC boosted its stake in shares of CSP by 39.2% during the 4th quarter. Copeland Capital Management LLC now owns 4,532 shares of the information technology services provider's stock worth $73,000 after acquiring an additional 1,277 shares in the last quarter. Barclays PLC acquired a new position in shares of CSP in the 3rd quarter valued at $104,000. Northern Trust Corp boosted its position in shares of CSP by 39.9% in the 4th quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider's stock valued at $624,000 after purchasing an additional 11,075 shares during the period. Jane Street Group LLC purchased a new position in CSP in the 4th quarter worth about $256,000. Finally, Navellier & Associates Inc. raised its holdings in 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 buying an additional 23,550 shares during the period. 26.74% of the stock is owned by institutional investors and hedge funds.

CSP Trading Down 0.3 %

Shares of CSPI traded down $0.05 during midday trading on Friday, hitting $16.19. The stock had a trading volume of 7,351 shares, compared to its average volume of 33,428. The business has a 50-day simple moving average of $15.75 and a two-hundred day simple moving average of $16.06. The firm has a market cap of $159.96 million, a P/E ratio of 1,620.62 and a beta of 0.88. CSP Inc. has a fifty-two week low of $10.76 and a fifty-two week high of $21.95.

CSP (NASDAQ:CSPI - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The information technology services provider reported $0.05 earnings per share for the quarter. CSP had a net margin of 0.14% and a return on equity of 0.17%.

CSP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.74%. The ex-dividend date was Monday, February 24th. CSP's payout ratio is 1,200.00%.

CSP 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.