Quinn Opportunity Partners LLC Raises Stock Position in Cantaloupe, Inc. $CTLP

Quinn Opportunity Partners LLC grew its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 101.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 307,969 shares of the technology company’s stock after acquiring an additional 155,000 shares during the period. Quinn Opportunity Partners LLC owned about 0.42% of Cantaloupe worth $3,255,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. purchased a new stake in shares of Cantaloupe in the 3rd quarter worth $1,978,000. Alpine Associates Management Inc. increased its stake in shares of Cantaloupe by 76.4% during the third quarter. Alpine Associates Management Inc. now owns 1,934,206 shares of the technology company’s stock valued at $20,445,000 after buying an additional 837,506 shares during the period. New York Life Investment Management LLC purchased a new position in shares of Cantaloupe during the third quarter valued at $1,536,000. BCK Capital Management LP raised its holdings in shares of Cantaloupe by 330.9% in the third quarter. BCK Capital Management LP now owns 288,692 shares of the technology company’s stock valued at $3,051,000 after acquiring an additional 221,692 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in shares of Cantaloupe by 85.2% in the third quarter. Wolverine Asset Management LLC now owns 321,249 shares of the technology company’s stock valued at $3,396,000 after acquiring an additional 147,786 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CTLP. Weiss Ratings upgraded shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Zacks Research upgraded shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Wall Street Zen raised shares of Cantaloupe to a “hold” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.60.

Cantaloupe Stock Performance

Shares of Cantaloupe stock opened at $10.39 on Friday. The company has a market capitalization of $765.95 million, a PE ratio of 57.72 and a beta of 1.09. The company has a 50-day simple moving average of $10.55 and a two-hundred day simple moving average of $10.61. Cantaloupe, Inc. has a one year low of $7.01 and a one year high of $11.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.92.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data on Friday, February 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The firm had revenue of $78.71 million during the quarter, compared to analysts’ expectations of $84.92 million. Cantaloupe had a return on equity of 8.76% and a net margin of 17.32%. Research analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Cantaloupe Company Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.