Thomson Horstmann & Bryant Inc. lessened its stake in CalAmp Corp. (NASDAQ:CAMP) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 437,620 shares of the Wireless communications provider’s stock after selling 22,479 shares during the period. CalAmp makes up approximately 1.3% of Thomson Horstmann & Bryant Inc.’s holdings, making the stock its 24th largest position. Thomson Horstmann & Bryant Inc. owned about 1.23% of CalAmp worth $10,012,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of CAMP. Bank of Montreal Can boosted its stake in shares of CalAmp by 4,306.6% during the 4th quarter. Bank of Montreal Can now owns 102,322 shares of the Wireless communications provider’s stock worth $2,193,000 after acquiring an additional 100,000 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of CalAmp by 26.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 215,721 shares of the Wireless communications provider’s stock worth $4,623,000 after acquiring an additional 45,013 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of CalAmp by 8.4% during the 4th quarter. Rice Hall James & Associates LLC now owns 698,206 shares of the Wireless communications provider’s stock worth $14,963,000 after acquiring an additional 53,900 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of CalAmp during the 4th quarter worth $294,000. Finally, Cadence Capital Management LLC boosted its stake in shares of CalAmp by 9.6% during the 4th quarter. Cadence Capital Management LLC now owns 103,527 shares of the Wireless communications provider’s stock worth $2,219,000 after acquiring an additional 9,083 shares during the last quarter. Institutional investors and hedge funds own 76.42% of the company’s stock.
CalAmp opened at $21.00 on Thursday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.51 and a current ratio of 2.89. CalAmp Corp. has a fifty-two week low of $17.52 and a fifty-two week high of $25.45. The firm has a market cap of $752.04 million, a P/E ratio of 22.82, a PEG ratio of 1.36 and a beta of 1.75.
CalAmp (NASDAQ:CAMP) last released its earnings results on Thursday, April 26th. The Wireless communications provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. CalAmp had a net margin of 4.54% and a return on equity of 18.54%. The company had revenue of $94.40 million for the quarter, compared to analysts’ expectations of $93.57 million. During the same quarter in the previous year, the company earned $0.28 EPS. CalAmp’s revenue for the quarter was up 9.6% on a year-over-year basis. equities analysts expect that CalAmp Corp. will post 1.03 earnings per share for the current year.
Several brokerages have recently weighed in on CAMP. Roth Capital set a $28.00 price target on shares of CalAmp and gave the stock a “buy” rating in a research note on Sunday. Zacks Investment Research upgraded shares of CalAmp from a “sell” rating to a “hold” rating in a research note on Thursday, May 10th. ValuEngine upgraded shares of CalAmp from a “hold” rating to a “buy” rating in a research note on Tuesday, May 8th. William Blair reiterated a “market perform” rating on shares of CalAmp in a research note on Friday, April 27th. Finally, TheStreet cut shares of CalAmp from a “b” rating to a “c+” rating in a research note on Thursday, April 26th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. CalAmp has an average rating of “Buy” and a consensus price target of $26.75.
In related news, CEO Michael J. Burdiek sold 12,500 shares of CalAmp stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $23.29, for a total transaction of $291,125.00. Following the transaction, the chief executive officer now owns 495,934 shares in the company, valued at approximately $11,550,302.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 37,500 shares of company stock worth $817,500. 5.30% of the stock is owned by corporate insiders.
CalAmp Corp. provides Internet of Things (IoT) enablement solutions for various mobile and fixed applications worldwide. The company provides solutions for mobile resource management and applications for the IoT market, which enable customers in the transportation, government, construction, automotive, and energy markets to optimize their operations by collecting, monitoring, and reporting business-critical data and desired intelligence from remote and mobile assets.
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