Ismail Azeri Acquires 2,282 Shares of CSP (NASDAQ:CSPI) Stock
by Amy Steele · The Cerbat GemCSP Inc. (NASDAQ:CSPI – Get Free Report) Director Ismail Azeri acquired 2,282 shares of the stock in a transaction on Tuesday, May 12th. The stock was purchased at an average cost of $9.38 per share, with a total value of $21,405.16. Following the transaction, the director directly owned 108,272 shares of the company’s stock, valued at $1,015,591.36. This represents a 2.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Ismail Azeri also recently made the following trade(s):
- On Wednesday, May 13th, Ismail Azeri bought 218 shares of CSP stock. The shares were purchased at an average cost of $9.41 per share, for a total transaction of $2,051.38.
CSP Stock Performance
Shares of CSPI stock traded up $0.37 on Thursday, hitting $9.65. The stock had a trading volume of 14,565 shares, compared to its average volume of 20,049. The firm has a market capitalization of $97.19 million, a price-to-earnings ratio of -965.00 and a beta of 0.80. The stock’s 50 day moving average is $8.89 and its 200-day moving average is $10.67. CSP Inc. has a 52-week low of $7.55 and a 52-week high of $16.59.
CSP (NASDAQ:CSPI – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter. CSP had a negative net margin of 0.20% and a negative return on equity of 0.25%. The firm had revenue of $16.01 million for the quarter.
CSP Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 21st. CSP’s payout ratio is presently -1,200.00%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on CSPI. Wall Street Zen downgraded CSP from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Weiss Ratings upgraded CSP from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, CSP currently has a consensus rating of “Sell”.
View Our Latest Stock Report on CSPI
Institutional Investors Weigh In On CSP
Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of CSP by 113.0% during the 2nd quarter. Geode Capital Management LLC now owns 158,355 shares of the information technology services provider’s stock valued at $2,049,000 after acquiring an additional 83,999 shares in the last quarter. Visionary Wealth Advisors boosted its holdings in CSP by 5.7% in the second quarter. Visionary Wealth Advisors now owns 740,187 shares of the information technology services provider’s stock worth $9,578,000 after purchasing an additional 39,738 shares during the period. Segall Bryant & Hamill LLC increased its stake in CSP by 100.2% during the fourth quarter. Segall Bryant & Hamill LLC now owns 38,448 shares of the information technology services provider’s stock valued at $481,000 after purchasing an additional 19,244 shares during the last quarter. Squarepoint Ops LLC bought a new stake in CSP during the third quarter valued at $157,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of CSP by 66.0% during the first quarter. Goldman Sachs Group Inc. now owns 29,800 shares of the information technology services provider’s stock worth $457,000 after purchasing an additional 11,850 shares during the period. 26.74% of the stock is currently owned by institutional investors.
CSP Company Profile
CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.