Globeflex Capital L P Makes New Investment in CareCloud, Inc. $CCLD

Globeflex Capital L P purchased a new stake in CareCloud, Inc. (NASDAQ:CCLD) during the second quarter, Holdings Channel reports. The institutional investor purchased 335,146 shares of the company’s stock, valued at approximately $711,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. HRT Financial LP purchased a new stake in shares of CareCloud during the fourth quarter worth approximately $43,000. Centiva Capital LP purchased a new position in CareCloud in the third quarter worth approximately $47,000. Militia Capital Management LLC acquired a new position in CareCloud during the 1st quarter worth approximately $54,000. American Century Companies Inc. acquired a new position in CareCloud during the 2nd quarter worth approximately $78,000. Finally, Man Group plc purchased a new stake in shares of CareCloud in the 4th quarter valued at approximately $84,000. 10.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on CCLD. Wall Street Zen raised shares of CareCloud from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised CareCloud from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.25.

CareCloud Stock Down 0.4%

CCLD stock opened at $2.50 on Tuesday. The stock has a market cap of $106.23 million, a P/E ratio of 35.71 and a beta of 1.51. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 2.20. CareCloud, Inc. has a twelve month low of $2.03 and a twelve month high of $4.01. The company’s 50 day moving average is $2.33 and its two-hundred day moving average is $2.59.

CareCloud (NASDAQ:CCLD) last issued its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $31.88 million during the quarter, compared to analysts’ expectations of $31.85 million. CareCloud had a net margin of 6.21% and a return on equity of 27.07%. CareCloud has set its FY 2026 guidance at 0.200-0.230 EPS. Research analysts expect that CareCloud, Inc. will post 0.37 earnings per share for the current fiscal year.

About CareCloud

CareCloud, Inc is a healthcare technology company that provides cloud-based practice management, electronic health record (EHR) and revenue cycle management (RCM) solutions to medical practices and health systems. Its flagship offering, the CareCloud Central platform, combines clinical, financial and administrative workflows into a single, unified system. The platform includes modules for scheduling, billing, coding, patient engagement and telehealth, enabling practices to streamline front- and back-office operations and improve overall practice performance.

Founded in 2009 and headquartered in Miami Beach, Florida, CareCloud serves small to mid-size physician groups and specialty clinics across the United States.