Visionary Wealth Advisors Grows Position in CSP Inc. (NASDAQ:CSPI)

Visionary Wealth Advisors boosted its position in shares of CSP Inc. (NASDAQ:CSPI) by 15.4% in the 4th quarter, HoldingsChannel reports. The fund owned 766,842 shares of the information technology services provider’s stock after acquiring an additional 102,544 shares during the period. Visionary Wealth Advisors owned 0.08% of CSP worth $12,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CSPI. Copeland Capital Management LLC boosted its position in shares of CSP by 39.2% during the 4th quarter. Copeland Capital Management LLC now owns 4,532 shares of the information technology services provider’s stock worth $73,000 after acquiring an additional 1,277 shares in the last quarter. Millennium Management LLC boosted its holdings in CSP by 19.5% in the fourth quarter. Millennium Management LLC now owns 28,570 shares of the information technology services provider’s stock valued at $459,000 after purchasing an additional 4,659 shares in the last quarter. Barclays PLC acquired a new position in CSP in the third quarter valued at approximately $104,000. Northern Trust Corp increased its stake in CSP by 39.9% in the fourth quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider’s stock valued at $624,000 after purchasing an additional 11,075 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in CSP during the fourth quarter worth approximately $256,000. 26.74% of the stock is currently owned by institutional investors and hedge funds.

CSP Trading Up 1.3%

Shares of NASDAQ:CSPI opened at $14.51 on Monday. The firm has a 50 day simple moving average of $15.74 and a 200-day simple moving average of $16.18. CSP Inc. has a twelve month low of $10.76 and a twelve month high of $21.95. The company has a market capitalization of $143.36 million, a PE ratio of 1,452.45 and a beta of 0.88.

CSP (NASDAQ:CSPI) last released its quarterly earnings results on Wednesday, May 14th. The information technology services provider reported ($0.01) EPS for the quarter. CSP had a return on equity of 0.17% and a net margin of 0.14%.

CSP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. CSP’s dividend payout ratio (DPR) is currently -75.00%.

CSP Company Profile

CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.