Royce & Associates LP grew its position in Westell Technologies Inc. (NASDAQ:WSTL) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 627,238 shares of the communications equipment provider’s stock after purchasing an additional 74,300 shares during the quarter. Royce & Associates LP owned about 4.03% of Westell Technologies worth $2,352,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Essex Investment Management Co. LLC grew its position in shares of Westell Technologies by 160.1% in the third quarter. Essex Investment Management Co. LLC now owns 130,162 shares of the communications equipment provider’s stock valued at $387,000 after purchasing an additional 80,120 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in shares of Westell Technologies in the fourth quarter valued at approximately $112,000. Finally, Algert Global LLC acquired a new position in shares of Westell Technologies in the fourth quarter valued at approximately $1,024,000. 28.00% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on WSTL shares. TheStreet raised Westell Technologies from a “d+” rating to a “c-” rating in a research report on Friday, December 15th. Zacks Investment Research downgraded Westell Technologies from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 6th. Finally, ValuEngine raised Westell Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
Shares of WSTL stock opened at $3.50 on Wednesday. The stock has a market capitalization of $55.85, a P/E ratio of 175.00 and a beta of 1.55. Westell Technologies Inc. has a 12-month low of $2.32 and a 12-month high of $4.60.
Westell Technologies (NASDAQ:WSTL) last issued its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. The business had revenue of $13.68 million for the quarter, compared to the consensus estimate of $15.04 million. Westell Technologies had a return on equity of 7.42% and a net margin of 0.62%. equities research analysts anticipate that Westell Technologies Inc. will post 0.3 earnings per share for the current fiscal year.
About Westell Technologies
Westell Technologies, Inc is a provider of in-building wireless, intelligent site management, cell site optimization and outside plant solutions. The Company’s set of products and solutions are designed to manage network performance for carriers, integrators and other network operators. The Company operates in two segments: In-Building Wireless (IBW) and Communication Solutions Group (CSG).
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