Thomson Horstmann & Bryant Inc. decreased its position in shares of CalAmp Corp. (NASDAQ:CAMP) by 10.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 394,448 shares of the Wireless communications provider’s stock after selling 47,387 shares during the quarter. CalAmp makes up 1.2% of Thomson Horstmann & Bryant Inc.’s holdings, making the stock its 26th largest holding. Thomson Horstmann & Bryant Inc.’s holdings in CalAmp were worth $9,450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. bought a new position in shares of CalAmp during the 3rd quarter worth $101,000. Piedmont Investment Advisors LLC purchased a new stake in shares of CalAmp during the 2nd quarter worth $195,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of CalAmp during the 3rd quarter worth $202,000. Engineers Gate Manager LP purchased a new stake in shares of CalAmp during the 3rd quarter worth $204,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of CalAmp during the 3rd quarter worth $220,000. 79.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ CAMP opened at $18.58 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 4.39 and a quick ratio of 4.07. The firm has a market cap of $667.76 million, a P/E ratio of 20.20, a P/E/G ratio of 1.78 and a beta of 1.70. CalAmp Corp. has a 1-year low of $18.71 and a 1-year high of $25.45.

CalAmp (NASDAQ:CAMP) last released its quarterly earnings results on Thursday, September 27th. The Wireless communications provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. CalAmp had a return on equity of 16.87% and a net margin of 3.88%. The company had revenue of $96.00 million during the quarter, compared to analysts’ expectations of $95.36 million. During the same period last year, the business posted $0.27 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts forecast that CalAmp Corp. will post 0.94 EPS for the current fiscal year.

In other CalAmp news, SVP Garo Sarkis Sarkissian sold 12,500 shares of the stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $20.43, for a total value of $255,375.00. Following the completion of the sale, the senior vice president now directly owns 183,876 shares in the company, valued at $3,756,586.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael J. Burdiek sold 6,000 shares of the stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $21.69, for a total value of $130,140.00. Following the completion of the sale, the chief executive officer now owns 513,455 shares of the company’s stock, valued at $11,136,838.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,000 shares of company stock valued at $436,140. 5.40% of the stock is currently owned by company insiders.

A number of equities research analysts recently weighed in on CAMP shares. Craig Hallum restated a “hold” rating and set a $25.00 price objective (up from $23.00) on shares of CalAmp in a research note on Friday, September 28th. BidaskClub cut CalAmp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 18th. Jefferies Financial Group started coverage on CalAmp in a research note on Monday, October 15th. They set a “hold” rating and a $22.00 price objective for the company. Canaccord Genuity upped their price objective on CalAmp from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, September 28th. Finally, First Analysis set a $29.00 price objective on CalAmp and gave the stock a “buy” rating in a research note on Sunday, October 28th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CalAmp currently has an average rating of “Hold” and an average target price of $27.43.

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CalAmp Company Profile

CalAmp Corp. provides in telematics systems, and software and subscription services worldwide. The company provides mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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Institutional Ownership by Quarter for CalAmp (NASDAQ:CAMP)

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