Dynamic Technology Lab Private Ltd Buys Shares of 16,175 CAI International Inc. (CAI)
Dynamic Technology Lab Private Ltd bought a new position in CAI International Inc. (NYSE:CAI) during the second quarter, Holdings Channel reports. The firm bought 16,175 shares of the company’s stock, valued at approximately $121,000. Dynamic Technology Lab Private Ltd owned 0.08% of CAI International as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Nationwide Fund Advisors raised its position in CAI International by 8.7% in the second quarter. Nationwide Fund Advisors now owns 15,547 shares of the company’s stock worth $117,000 after buying an additional 1,243 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new position in CAI International during the first quarter worth $297,000. Algert Global LLC purchased a new position in CAI International during the first quarter worth $463,000. I.G. Investment Management LTD. raised its position in CAI International by 4.3% in the second quarter. I.G. Investment Management LTD. now owns 64,995 shares of the company’s stock worth $487,000 after buying an additional 2,654 shares during the period. Finally, Strs Ohio raised its position in CAI International by 25.3% in the second quarter. Strs Ohio now owns 74,900 shares of the company’s stock worth $561,000 after buying an additional 15,100 shares during the period. Institutional investors and hedge funds own 61.82% of the company’s stock.
Shares of CAI International Inc. (NYSE:CAI) opened at 8.80 on Friday. The firm has a market cap of $169.41 million, a P/E ratio of 15.58 and a beta of 2.24. CAI International Inc. has a 12-month low of $4.83 and a 12-month high of $12.36. The firm has a 50-day moving average price of $8.15 and a 200-day moving average price of $8.43.
CAI International (NYSE:CAI) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.18. The firm had revenue of $71.60 million for the quarter, compared to analyst estimates of $69.53 million. CAI International had a net margin of 4.19% and a return on equity of 8.09%. The business’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. On average, equities research analysts expect that CAI International Inc. will post $1.12 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded CAI International from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $34.25.
About CAI International
CAI International, Inc is a transportation finance and logistics company. The Company purchases equipment, which it leases primarily to container shipping lines, freight forwarders and other transportation companies. The Company operates through three segments: container leasing, rail leasing and logistics.
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