The institution investor held 913,950 of the Wireless communication provider's shares after buying an additional 128,300 during the period. CalAmp represents 0.6% of Kovack Advisors Inc.'s portfolio, which makes it the 23rd most valuable stock. Kovack Advisors Inc. valued its CalAmp holdings at $4,094,000 as of the end the last quarter.
CAMP has also seen a number of large investors increase or decrease their stakes. B. Riley Asset Management LLC increased its holdings of shares of CalAmp in the third quarter by 61.5%. B. Riley Asset Management LLC owns 2,716,959 of the Wireless communication provider's stock, valued at $10.433,000. This is after buying an additional 1,034,181 share during the period. Marshall Wace LLP purchased a new CalAmp stake valued at around $2,945,000 in the third quarter. Penn Capital Management Company LLC increased its holdings in CalAmp shares by 292.6% during the fourth quarter. Penn Capital Management Company LLC owns 687.371 shares in the Wireless communications provider valued at $3.079,000, after purchasing an additional 512.294 shares over the last quarter. AMH Equity Ltd purchased a new position of shares in CalAmp worth about $2,240,000. Two Sigma Investments LP purchased a new position in CalAmp during the third quarter, valued at $1.902,000. During Monday's trading hours, the stock fell $0.20 to $1.80. The stock was traded 212,139 times, as opposed to the average of 162,614. The company has a $67.37-million market capitalization, a price to earnings ratio of -1.99 and a P/E/G of 1.28. It also has a beta value of 2.00. The stock's 50-day simple moving is $2.25, and its 200-day simple moving is $3.46. The company's debt-to equity ratio is 15.90. It has a quick ratio 1.42, and a current rate of 1.64. CalAmp Corp.'s 52-week low is $1.61, and its 52-week high is $7.25.
Wall Street analysts weigh in
In a report published on Thursday 18th May, CalAmp shares were covered. They assigned the company a rating of 'hold.' In a report published on Friday, 28th April, Craig Hallum reduced the target price for CalAmp shares from $10.00 down to $4.00.
CalAmp Corp. provides wireless access technologies and computer technology. The company operates in two segments: Telematics Products and Software and Subscription Services. The Software and Subscription Services Segment offers telematics devices that are bundled with cloud-based applications and telematics service.
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