PCTEL (NASDAQ:PCTI) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of PCTEL (NASDAQ:PCTIGet Rating) in a research note issued to investors on Monday. The brokerage issued a buy rating on the Wireless communications provider’s stock.

PCTEL Stock Performance

Shares of PCTI stock opened at $4.53 on Monday. The stock has a market cap of $85.03 million, a price-to-earnings ratio of 75.51 and a beta of 0.41. PCTEL has a 52-week low of $3.90 and a 52-week high of $5.94. The firm’s 50-day moving average is $4.59 and its 200-day moving average is $4.54.

PCTEL Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 8th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Monday, November 7th. This represents a $0.22 annualized dividend and a dividend yield of 4.86%. PCTEL’s dividend payout ratio is 366.73%.

Hedge Funds Weigh In On PCTEL

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rutabaga Capital Management LLC MA raised its stake in shares of PCTEL by 2.4% during the second quarter. Rutabaga Capital Management LLC MA now owns 1,159,167 shares of the Wireless communications provider’s stock valued at $4,741,000 after acquiring an additional 26,850 shares during the last quarter. Acadian Asset Management LLC grew its holdings in PCTEL by 3.7% in the first quarter. Acadian Asset Management LLC now owns 505,915 shares of the Wireless communications provider’s stock worth $2,345,000 after purchasing an additional 17,916 shares during the period. First Eagle Investment Management LLC grew its holdings in PCTEL by 116.3% in the first quarter. First Eagle Investment Management LLC now owns 141,888 shares of the Wireless communications provider’s stock worth $658,000 after purchasing an additional 76,280 shares during the period. Royce & Associates LP grew its holdings in shares of PCTEL by 4.8% during the first quarter. Royce & Associates LP now owns 1,626,067 shares of the Wireless communications provider’s stock valued at $7,545,000 after buying an additional 74,132 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of PCTEL by 3.9% during the first quarter. State Street Corp now owns 74,607 shares of the Wireless communications provider’s stock valued at $346,000 after buying an additional 2,815 shares during the last quarter. Institutional investors own 51.05% of the company’s stock.

About PCTEL

(Get Rating)

PCTEL, Inc, together with its subsidiaries, provides industrial Internet of Thing devices (IoT), antenna systems, and test and measurement solutions worldwide. The company designs and manufactures precision antennas and industrial IoT devices that are deployed in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the industrial IoT.

See Also

Receive News & Ratings for PCTEL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PCTEL and related companies with MarketBeat.com's FREE daily email newsletter.