Renaissance Technologies LLC cut its holdings in CSP Inc. (NASDAQ:CSPI - Free Report) by 13.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 339,347 shares of the information technology services provider's stock after selling 54,579 shares during the period. Renaissance Technologies LLC owned 3.43% of CSP worth $5,453,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Copeland Capital Management LLC increased its position 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 purchasing an additional 1,277 shares during the last quarter. Barclays PLC acquired a new stake in shares of CSP during the 3rd quarter worth $104,000. Finally, Navellier & Associates Inc. raised its position in shares of CSP by 61.9% in 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. Hedge funds and other institutional investors own 26.74% of the company's stock.
CSP Price Performance
CSPI stock traded down $0.37 during trading on Friday, reaching $15.65. 324 shares of the stock traded hands, compared to its average volume of 38,337. The firm has a market capitalization of $154.61 million, a PE ratio of 1,566.47 and a beta of 1.22. CSP Inc. has a 52-week low of $10.76 and a 52-week high of $21.95. The business's 50 day moving average price is $15.78 and its 200-day moving average price is $15.75.
CSP (NASDAQ:CSPI - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The information technology services provider reported $0.05 EPS 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 announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.12 annualized dividend and a dividend yield of 0.77%. CSP's payout ratio is 1,200.00%.
CSP Company Profile
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Free Report)
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.
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