B. Riley reissued their buy rating on shares of PC Tel (NASDAQ:PCTI) in a research report released on Monday morning. B. Riley also issued estimates for PC Tel’s Q1 2018 earnings at $0.02 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.07 EPS, FY2018 earnings at $0.20 EPS and FY2019 earnings at $0.26 EPS.

Shares of PC Tel (NASDAQ PCTI) opened at $6.85 on Monday. The stock has a market cap of $121.43, a P/E ratio of -23.62 and a beta of 0.59. PC Tel has a 12 month low of $5.50 and a 12 month high of $8.48.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 8th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.21%. PC Tel’s dividend payout ratio is currently -75.86%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of PC Tel by 2.6% during the second quarter. Northern Trust Corp now owns 411,946 shares of the Wireless communications provider’s stock valued at $2,916,000 after purchasing an additional 10,333 shares during the period. Renaissance Technologies LLC raised its stake in shares of PC Tel by 0.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,478,515 shares of the Wireless communications provider’s stock valued at $10,897,000 after purchasing an additional 11,962 shares during the period. Millennium Management LLC purchased a new stake in shares of PC Tel during the fourth quarter valued at approximately $118,000. Citadel Advisors LLC purchased a new stake in shares of PC Tel during the third quarter valued at approximately $101,000. Finally, OxFORD Asset Management LLP raised its stake in shares of PC Tel by 92.3% during the third quarter. OxFORD Asset Management LLP now owns 43,023 shares of the Wireless communications provider’s stock valued at $271,000 after purchasing an additional 20,650 shares during the period. Institutional investors own 75.74% of the company’s stock.

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PC Tel Company Profile

PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.

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