Menta Capital LLC decreased its holdings in Pointer Telocation Ltd (NASDAQ:PNTR) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,495 shares of the communications equipment provider’s stock after selling 1,100 shares during the period. Menta Capital LLC’s holdings in Pointer Telocation were worth $516,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of Pointer Telocation by 41.4% during the 4th quarter. Van ECK Associates Corp now owns 2,786 shares of the communications equipment provider’s stock worth $34,000 after buying an additional 816 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Pointer Telocation during the 4th quarter worth approximately $251,000. First Wilshire Securities Management Inc. increased its holdings in shares of Pointer Telocation by 74.7% during the 3rd quarter. First Wilshire Securities Management Inc. now owns 31,875 shares of the communications equipment provider’s stock worth $414,000 after buying an additional 13,629 shares during the last quarter. Boston Partners acquired a new stake in shares of Pointer Telocation during the 4th quarter worth approximately $464,000. Finally, B. Riley Financial Inc. increased its holdings in shares of Pointer Telocation by 22.7% during the 3rd quarter. B. Riley Financial Inc. now owns 39,751 shares of the communications equipment provider’s stock worth $516,000 after buying an additional 7,364 shares during the last quarter. Institutional investors own 23.08% of the company’s stock.

Pointer Telocation stock opened at $15.82 on Friday. Pointer Telocation Ltd has a fifty-two week low of $10.25 and a fifty-two week high of $16.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.48. The company has a market capitalization of $128.65 million, a P/E ratio of 15.51 and a beta of 0.50.

Pointer Telocation (NASDAQ:PNTR) last posted its earnings results on Thursday, February 28th. The communications equipment provider reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.10). Pointer Telocation had a net margin of 8.91% and a return on equity of 12.99%. On average, sell-side analysts expect that Pointer Telocation Ltd will post 1.12 EPS for the current year.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Pointer Telocation from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. HC Wainwright restated a “buy” rating and set a $25.00 price target on shares of Pointer Telocation in a report on Friday, November 16th. Finally, ValuEngine upgraded shares of Pointer Telocation from a “sell” rating to a “hold” rating in a report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Pointer Telocation currently has a consensus rating of “Hold” and an average target price of $19.67.

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Pointer Telocation Profile

Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive and insurance industries, and mobile assets management markets worldwide. It operates through MRM and Cellocator sgments. The MRM segment offers asset management, fleet management, stolen vehicle retrieval (SVR), and connected car services.

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Institutional Ownership by Quarter for Pointer Telocation (NASDAQ:PNTR)

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