CSP Inc. (CSPI) Holdings Reduced by Flagship Harbor Advisors LLC
Flagship Harbor Advisors LLC decreased its position in CSP Inc. (NASDAQ:CSPI) by 35.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,000 shares of the information technology services provider’s stock after selling 9,800 shares during the period. Flagship Harbor Advisors LLC owned approximately 0.45% of CSP worth $241,000 as of its most recent SEC filing.
Separately, BlackRock Inc. grew its position in CSP by 702.5% in the 2nd quarter. BlackRock Inc. now owns 10,393 shares of the information technology services provider’s stock worth $103,000 after purchasing an additional 9,098 shares during the last quarter. 26.41% of the stock is owned by institutional investors.
In other CSP news, Director C Shelton James sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $13.50, for a total value of $27,000.00. Following the completion of the transaction, the director now owns 36,803 shares in the company, valued at approximately $496,840.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.20% of the stock is currently owned by corporate insiders.
CSP (NASDAQ:CSPI) last posted its earnings results on Monday, August 13th. The information technology services provider reported $0.11 EPS for the quarter. CSP had a negative net margin of 0.43% and a positive return on equity of 5.89%. The firm had revenue of $20.04 million during the quarter.
Separately, ValuEngine upgraded shares of CSP from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th.
CSP Inc develops and markets IT integration solutions, security and managed services, purpose built network adapters, and cluster computer systems for commercial and defense customers worldwide. The company's High Performance Products segment offers computing systems for digital signal processing applications in the defense market; Ethernet adapters and solutions for various applications in the packet capture, financial transaction, and storage interconnect markets; ARC Series adapters for automated trading and network monitoring; and nVoy Series products comprising 100G Packet Broker and 10G Packet Recorder, and specialized software under the Myricom brand.
See Also: Beta
Want to see what other hedge funds are holding CSPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CSP Inc. (NASDAQ:CSPI).
Receive News & Ratings for CSP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSP and related companies with MarketBeat.com's FREE daily email newsletter.