Capital Advisors Ltd. LLC Takes $178,000 Position in Inseego Corp. (NASDAQ:INSG)

Capital Advisors Ltd. LLC purchased a new position in shares of Inseego Corp. (NASDAQ:INSGGet Rating) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,000 shares of the technology company’s stock, valued at approximately $178,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INSG. Potomac Capital Management Inc. purchased a new stake in shares of Inseego during the 4th quarter worth about $694,000. Northern Trust Corp increased its position in shares of Inseego by 0.7% in the fourth quarter. Northern Trust Corp now owns 799,550 shares of the technology company’s stock valued at $4,661,000 after buying an additional 5,177 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Inseego by 71.4% during the 4th quarter. ProShare Advisors LLC now owns 19,056 shares of the technology company’s stock worth $112,000 after buying an additional 7,935 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Inseego by 22.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 70,202 shares of the technology company’s stock valued at $409,000 after buying an additional 12,755 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Inseego in the 4th quarter worth $185,000. Institutional investors and hedge funds own 47.75% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus began coverage on Inseego in a report on Friday, May 13th. They issued a “hold” rating on the stock.

Inseego Trading Down 2.0 %

NASDAQ:INSG opened at $2.47 on Friday. The company’s 50-day moving average is $2.07 and its two-hundred day moving average is $3.16. Inseego Corp. has a 1-year low of $1.74 and a 1-year high of $9.61.

Inseego (NASDAQ:INSGGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The technology company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.10). The company had revenue of $61.38 million during the quarter, compared to the consensus estimate of $62.64 million. During the same period last year, the firm earned ($0.18) EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts predict that Inseego Corp. will post -0.67 EPS for the current year.

Inseego Company Profile

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Inseego Corp. engages in the design and development of fixed and mobile wireless solutions, industrial Internet of Things (IIoT), and cloud solutions for large enterprise verticals, service providers, small and medium-sized businesses, governments, and consumers worldwide. The company provides wireless 4G and 5G hardware products, including private LTE/5G networks, First responders network authority/Firstnet, SD-WAN, telematics, remote monitoring and surveillance, and fixed wireless access and mobile broadband devices.

Further Reading

Institutional Ownership by Quarter for Inseego (NASDAQ:INSG)

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