Cantaloupe, Inc. $CTLP Shares Purchased by Wolverine Asset Management LLC

by · The Cerbat Gem

Wolverine Asset Management LLC boosted its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP – Free Report) by 85.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 321,249 shares of the technology company’s stock after buying an additional 147,786 shares during the period. Wolverine Asset Management LLC owned 0.44% of Cantaloupe worth $3,396,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in Cantaloupe in the third quarter valued at $32,000. Inspire Investing LLC increased its position in Cantaloupe by 20.0% during the 3rd quarter. Inspire Investing LLC now owns 42,610 shares of the technology company’s stock worth $450,000 after purchasing an additional 7,107 shares during the period. Osaic Holdings Inc. raised its stake in shares of Cantaloupe by 136.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock worth $52,000 after buying an additional 2,737 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Cantaloupe by 29.5% in the 2nd quarter. Squarepoint Ops LLC now owns 149,210 shares of the technology company’s stock valued at $1,640,000 after buying an additional 33,987 shares during the period. Finally, State of Wyoming lifted its holdings in shares of Cantaloupe by 291.3% in the 2nd quarter. State of Wyoming now owns 55,863 shares of the technology company’s stock valued at $614,000 after buying an additional 41,586 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Cantaloupe Trading Down 0.3%

Cantaloupe stock opened at $10.86 on Friday. The stock has a 50-day moving average price of $10.64 and a 200 day moving average price of $10.75. Cantaloupe, Inc. has a 52 week low of $7.01 and a 52 week high of $11.36. The stock has a market cap of $800.38 million, a PE ratio of 51.71 and a beta of 1.10. The company has a current ratio of 1.81, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

Several brokerages recently commented on CTLP. Zacks Research upgraded shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Cantaloupe in a report on Monday, December 29th. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $12.73.

Read Our Latest Research Report on Cantaloupe

About Cantaloupe

(Free Report)

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.

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