EAM Investors LLC purchased a new stake in shares of CalAmp Corp. (NASDAQ:CAMP) in the third quarter, according to its most recent filing with the SEC. The firm purchased 104,101 shares of the Wireless communications provider’s stock, valued at approximately $2,420,000. EAM Investors LLC owned 0.29% of CalAmp Corp. at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. US Bancorp DE raised its position in shares of CalAmp Corp. by 101.3% during the 2nd quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 2,659 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of CalAmp Corp. by 77.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock worth $141,000 after purchasing an additional 3,021 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of CalAmp Corp. during the 1st quarter worth approximately $193,000. First Mercantile Trust Co. acquired a new position in shares of CalAmp Corp. during the 2nd quarter worth approximately $205,000. Finally, FDx Advisors Inc. acquired a new position in shares of CalAmp Corp. during the 3rd quarter worth approximately $214,000. Institutional investors own 71.11% of the company’s stock.
In related news, SVP Garo Sarkis Sarkissian sold 9,833 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $23.89, for a total transaction of $234,910.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimberly Alexy sold 25,000 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $22.62, for a total transaction of $565,500.00. Following the sale, the director now directly owns 64,729 shares of the company’s stock, valued at $1,464,169.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,833 shares of company stock valued at $1,216,660. 5.30% of the stock is owned by corporate insiders.
Shares of CalAmp Corp. (NASDAQ:CAMP) traded down $0.27 during midday trading on Thursday, hitting $22.11. 190,400 shares of the stock traded hands, compared to its average volume of 302,973. CalAmp Corp. has a one year low of $14.12 and a one year high of $24.68. The stock has a market cap of $777.65, a PE ratio of 25.15 and a beta of 1.66. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.72 and a quick ratio of 2.36.
CalAmp Corp. (NASDAQ:CAMP) last announced its quarterly earnings data on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. CalAmp Corp. had a net margin of 1.31% and a return on equity of 18.18%. The company had revenue of $89.80 million during the quarter, compared to analysts’ expectations of $88.72 million. During the same period in the previous year, the company earned $0.27 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. sell-side analysts forecast that CalAmp Corp. will post 0.95 earnings per share for the current fiscal year.
CAMP has been the subject of several research reports. TheStreet upgraded CalAmp Corp. from a “c” rating to a “b” rating in a research report on Friday, September 29th. Zacks Investment Research upgraded CalAmp Corp. from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, October 3rd. Northland Securities reiterated a “buy” rating and issued a $25.00 price target on shares of CalAmp Corp. in a report on Sunday, October 1st. B. Riley reiterated a “buy” rating and issued a $28.00 price target on shares of CalAmp Corp. in a report on Friday, September 29th. Finally, Canaccord Genuity boosted their price target on CalAmp Corp. from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. CalAmp Corp. currently has a consensus rating of “Hold” and a consensus price target of $25.14.
CalAmp Corp. Company Profile
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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