Two Sigma Investments LP Acquires 41,726 Shares of Black Box Co. (BBOX)

Two Sigma Investments LP boosted its position in Black Box Co. (NASDAQ:BBOX) by 189.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,755 shares of the technology company’s stock after buying an additional 41,726 shares during the period. Two Sigma Investments LP owned approximately 0.42% of Black Box worth $972,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BBOX. Acrospire Investment Management LLC increased its stake in shares of Black Box by 45.2% in the third quarter. Acrospire Investment Management LLC now owns 11,458 shares of the technology company’s stock worth $159,000 after buying an additional 3,565 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Black Box by 0.5% in the third quarter. Texas Permanent School Fund now owns 11,540 shares of the technology company’s stock worth $160,000 after buying an additional 56 shares during the last quarter. Comerica Bank increased its stake in shares of Black Box by 5.7% in the fourth quarter. Comerica Bank now owns 16,011 shares of the technology company’s stock worth $227,000 after buying an additional 864 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Black Box by 10.3% in the third quarter. Great West Life Assurance Co. Can now owns 19,131 shares of the technology company’s stock worth $266,000 after buying an additional 1,793 shares during the last quarter. Finally, Analytic Investors LLC purchased a new stake in shares of Black Box during the third quarter worth about $284,000. 96.58% of the stock is owned by institutional investors and hedge funds.

Shares of Black Box Co. (NASDAQ:BBOX) traded down 2.45% during midday trading on Friday, reaching $9.95. 110,161 shares of the company’s stock were exchanged. The stock’s market capitalization is $150.72 million. Black Box Co. has a 12-month low of $8.25 and a 12-month high of $17.05. The firm has a 50-day moving average of $8.99 and a 200-day moving average of $12.23.

Black Box (NASDAQ:BBOX) last announced its earnings results on Tuesday, January 31st. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.06. The business had revenue of $210.40 million for the quarter, compared to the consensus estimate of $219.65 million. Black Box had a negative net margin of 6.08% and a positive return on equity of 8.22%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. Analysts anticipate that Black Box Co. will post $0.73 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 29th. This represents a $0.48 annualized dividend and a yield of 4.82%. Black Box’s dividend payout ratio (DPR) is -13.83%.

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About Black Box

Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.