Pointer Telocation Ltd (NASDAQ:PNTR) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,400 shares, an increase of 1,300.0% from the July 31st total of 100 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 16,200 shares, the short-interest ratio is presently 0.1 days.
Large investors have recently made changes to their positions in the company. Chicago Capital Management LLC purchased a new stake in shares of Pointer Telocation in the first quarter valued at about $3,470,000. S. Muoio & CO. LLC purchased a new position in Pointer Telocation in the 2nd quarter valued at about $826,000. Delek Group Ltd. lifted its holdings in Pointer Telocation by 18.9% in the 1st quarter. Delek Group Ltd. now owns 210,750 shares of the communications equipment provider’s stock valued at $3,280,000 after purchasing an additional 33,517 shares in the last quarter. Boston Partners boosted its stake in shares of Pointer Telocation by 40.5% during the 1st quarter. Boston Partners now owns 53,615 shares of the communications equipment provider’s stock worth $839,000 after purchasing an additional 15,453 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Pointer Telocation by 4.8% during the 2nd quarter. Renaissance Technologies LLC now owns 250,241 shares of the communications equipment provider’s stock worth $3,816,000 after purchasing an additional 11,541 shares during the last quarter. 23.61% of the stock is currently owned by institutional investors and hedge funds.
PNTR has been the subject of a number of recent research reports. ValuEngine cut Pointer Telocation from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered Pointer Telocation from a “hold” rating to a “strong sell” rating in a report on Thursday, August 22nd. B. Riley restated a “neutral” rating and set a $15.00 price target (down previously from $20.50) on shares of Pointer Telocation in a research note on Wednesday, May 15th. Finally, HC Wainwright reaffirmed a “hold” rating on shares of Pointer Telocation in a report on Friday, May 24th.
PNTR traded up $0.07 during trading on Wednesday, reaching $14.60. The company’s stock had a trading volume of 321 shares, compared to its average volume of 12,604. Pointer Telocation has a 52-week low of $11.11 and a 52-week high of $16.16. The company’s fifty day moving average price is $14.75 and its 200-day moving average price is $14.93. The company has a market capitalization of $118.78 million, a price-to-earnings ratio of 14.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.47 and a current ratio of 1.84.
Pointer Telocation (NASDAQ:PNTR) last released its earnings results on Thursday, August 15th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $21.44 million for the quarter, compared to analysts’ expectations of $20.85 million. Pointer Telocation had a return on equity of 10.17% and a net margin of 6.39%. Equities analysts predict that Pointer Telocation will post 0.9 earnings per share for the current year.
Pointer Telocation Company Profile
Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive and insurance industries, and mobile assets management markets worldwide. It operates through MRM and Cellocator sgments. The MRM segment offers asset management, fleet management, stolen vehicle retrieval (SVR), and connected car services.
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