Goldman Sachs Group Inc. Sells 13,307 Shares of CalAmp Corp. (CAMP)
Goldman Sachs Group Inc. decreased its position in CalAmp Corp. (NASDAQ:CAMP) by 13.8% during the first quarter, Holdings Channel reports. The fund owned 83,121 shares of the Wireless communications provider’s stock after selling 13,307 shares during the period. Goldman Sachs Group Inc.’s holdings in CalAmp Corp. were worth $1,396,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in CalAmp Corp. by 10.1% in the fourth quarter. State Street Corp now owns 815,754 shares of the Wireless communications provider’s stock worth $11,830,000 after buying an additional 75,118 shares during the last quarter. Dimensional Fund Advisors LP increased its position in CalAmp Corp. by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,497,513 shares of the Wireless communications provider’s stock worth $21,714,000 after buying an additional 111,643 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in CalAmp Corp. by 4.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 27,306 shares of the Wireless communications provider’s stock worth $396,000 after buying an additional 1,039 shares during the last quarter. AQR Capital Management LLC purchased a new position in CalAmp Corp. during the fourth quarter worth about $185,000. Finally, Thrivent Financial for Lutherans increased its position in CalAmp Corp. by 7.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,810 shares of the Wireless communications provider’s stock worth $287,000 after buying an additional 1,420 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of CalAmp Corp. (NASDAQ:CAMP) traded down 1.00% during midday trading on Wednesday, hitting $18.79. The company had a trading volume of 36,518 shares. The firm’s market capitalization is $665.09 million. The company has a 50-day moving average of $19.50 and a 200 day moving average of $17.64. CalAmp Corp. has a 12 month low of $12.13 and a 12 month high of $20.89.
CalAmp Corp. (NASDAQ:CAMP) last released its quarterly earnings data on Tuesday, June 27th. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business had revenue of $88.10 million during the quarter, compared to analysts’ expectations of $86.85 million. CalAmp Corp. had a positive return on equity of 18.84% and a negative net margin of 2.05%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. On average, analysts expect that CalAmp Corp. will post $1.17 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on CAMP shares. B. Riley reissued a “buy” rating and set a $22.00 price target on shares of CalAmp Corp. in a research report on Monday, April 17th. Zacks Investment Research downgraded CalAmp Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Benchmark Co. started coverage on CalAmp Corp. in a research report on Tuesday, April 25th. They set a “buy” rating and a $23.00 price target on the stock. Northland Securities reissued a “buy” rating and set a $20.00 price target on shares of CalAmp Corp. in a research report on Monday, June 26th. Finally, Craig Hallum increased their price target on CalAmp Corp. from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. CalAmp Corp. presently has an average rating of “Hold” and a consensus target price of $20.88.
In other news, CEO Michael J. Burdiek sold 10,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the transaction, the chief executive officer now directly owns 479,093 shares of the company’s stock, valued at approximately $9,581,860. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Garo Sarkis Sarkissian sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $18.83, for a total value of $282,450.00. Following the transaction, the senior vice president now directly owns 200,680 shares of the company’s stock, valued at $3,778,804.40. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.
CalAmp Corp. Company Profile
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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