CSP Inc. (NASDAQ:CSPI) Stock Holdings Reduced by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its position in shares of CSP Inc. (NASDAQ:CSPI - Free Report) by 50.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 1.00% of CSP worth $1,587,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. Copeland Capital Management LLC grew its holdings in 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 worth $73,000 after acquiring an additional 1,277 shares during the period. Barclays PLC bought a new position in shares of CSP during the 3rd quarter valued at about $104,000. Jane Street Group LLC acquired a new position in shares of CSP in the 4th quarter worth approximately $256,000. Northern Trust Corp raised its holdings 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 worth $624,000 after purchasing an additional 11,075 shares in the last quarter. Finally, Navellier & Associates Inc. lifted its stake in CSP by 61.9% during the fourth quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider's stock valued at $990,000 after purchasing an additional 23,550 shares during the last quarter. Institutional investors and hedge funds own 26.74% of the company's stock.

CSP Stock Up 0.5%

CSP stock traded up $0.08 during mid-day trading on Wednesday, hitting $16.15. The company's stock had a trading volume of 6,799 shares, compared to its average volume of 33,068. The stock has a market capitalization of $159.51 million, a P/E ratio of 1,616.12 and a beta of 0.88. The stock's fifty day moving average price is $15.77 and its two-hundred day moving average price is $16.10. CSP Inc. has a twelve month low of $10.76 and a twelve month high of $21.95.

CSP (NASDAQ:CSPI - Get Free Report) last issued 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 return on equity of 0.17% and a net margin of 0.14%.

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.