CalAmp Corp. (NASDAQ:CAMP) CEO Michael J. Burdiek sold 9,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $21.68, for a total transaction of $195,120.00. Following the completion of the transaction, the chief executive officer now directly owns 492,434 shares of the company’s stock, valued at $10,675,969.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
CalAmp Corp. (NASDAQ CAMP) traded up $0.29 during mid-day trading on Friday, reaching $22.52. 322,500 shares of the company’s stock were exchanged, compared to its average volume of 442,733. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.36 and a current ratio of 2.76. CalAmp Corp. has a 1 year low of $14.56 and a 1 year high of $24.68. The company has a market capitalization of $797.83, a PE ratio of 47.91 and a beta of 1.63.
CalAmp (NASDAQ:CAMP) last released its quarterly earnings data on Thursday, December 21st. The Wireless communications provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. CalAmp had a net margin of 5.00% and a return on equity of 19.20%. The firm had revenue of $93.67 million during the quarter, compared to analysts’ expectations of $91.10 million. During the same period in the previous year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. research analysts expect that CalAmp Corp. will post 0.92 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of CAMP. FDx Advisors Inc. acquired a new stake in shares of CalAmp during the third quarter worth $214,000. BNP Paribas Arbitrage SA lifted its holdings in shares of CalAmp by 58.9% during the second quarter. BNP Paribas Arbitrage SA now owns 10,740 shares of the Wireless communications provider’s stock worth $218,000 after buying an additional 3,979 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of CalAmp by 60.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 13,260 shares of the Wireless communications provider’s stock worth $308,000 after buying an additional 5,020 shares in the last quarter. Van Hulzen Asset Management LLC lifted its holdings in shares of CalAmp by 21.0% during the third quarter. Van Hulzen Asset Management LLC now owns 15,770 shares of the Wireless communications provider’s stock worth $367,000 after buying an additional 2,740 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of CalAmp by 7.0% during the second quarter. Thrivent Financial For Lutherans now owns 21,360 shares of the Wireless communications provider’s stock worth $434,000 after buying an additional 1,390 shares in the last quarter. 72.14% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on CAMP shares. Craig Hallum raised their target price on shares of CalAmp from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, September 29th. Zacks Investment Research cut shares of CalAmp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. JPMorgan Chase & Co. cut shares of CalAmp from a “neutral” rating to an “underweight” rating and set a $22.00 price objective for the company. in a research report on Wednesday, October 4th. TheStreet raised shares of CalAmp from a “c” rating to a “b” rating in a research report on Friday, September 29th. Finally, ValuEngine cut shares of CalAmp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. CalAmp currently has an average rating of “Hold” and an average target price of $25.29.
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CalAmp 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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