CalAmp Corp. (CAMP) Position Maintained by Oak Associates Ltd. OH

Oak Associates Ltd. OH held its stake in CalAmp Corp. (NASDAQ:CAMP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,000 shares of the Wireless communications provider’s stock at the end of the 2nd quarter. Oak Associates Ltd. OH owned approximately 0.10% of CalAmp Corp. worth $712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE raised its position in shares of CalAmp Corp. by 101.3% in the second quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 2,659 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of CalAmp Corp. by 4.3% in the first quarter. Mason Street Advisors LLC now owns 8,280 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 341 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of CalAmp Corp. by 77.1% in the second quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock valued at $141,000 after buying an additional 3,021 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of CalAmp Corp. in the first quarter valued at about $171,000. Finally, Karp Capital Management Corp acquired a new stake in shares of CalAmp Corp. in the first quarter valued at about $176,000. Institutional investors and hedge funds own 72.45% of the company’s stock.

A number of equities research analysts have recently commented on the stock. B. Riley reiterated a “buy” rating and issued a $28.00 target price on shares of CalAmp Corp. in a research report on Saturday, July 1st. TheStreet upgraded shares of CalAmp Corp. from a “c” rating to a “b” rating in a research report on Friday, September 29th. Craig Hallum increased their target price on shares of CalAmp Corp. from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, September 29th. Canaccord Genuity increased their target price on shares of CalAmp Corp. from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, September 29th. Finally, Northland Securities reiterated a “buy” rating and issued a $25.00 target price on shares of CalAmp Corp. in a research report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. CalAmp Corp. currently has an average rating of “Hold” and an average target price of $23.75.

CalAmp Corp. (NASDAQ:CAMP) traded up 0.5974% during midday trading on Tuesday, reaching $23.1877. 43,873 shares of the company traded hands. The firm has a market capitalization of $825.51 million, a PE ratio of 214.7009 and a beta of 1.60. CalAmp Corp. has a 12 month low of $12.13 and a 12 month high of $24.69. The company’s 50-day moving average price is $20.81 and its 200 day moving average price is $19.16.

CalAmp Corp. (NASDAQ:CAMP) last released its earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $89.80 million for the quarter, compared to analyst estimates of $88.72 million. CalAmp Corp. had a net margin of 1.31% and a return on equity of 18.18%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. On average, equities analysts anticipate that CalAmp Corp. will post $1.17 earnings per share for the current year.

In other CalAmp Corp. news, CEO Michael J. Burdiek sold 9,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $23.99, for a total value of $215,910.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Garo Sarkis Sarkissian sold 9,833 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $23.89, for a total transaction of $234,910.37. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://sportsperspectives.com/2017/10/17/calamp-corp-camp-position-maintained-by-oak-associates-ltd-oh.html.

CalAmp Corp. Company Profile

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

Want to see what other hedge funds are holding CAMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CalAmp Corp. (NASDAQ:CAMP).

Institutional Ownership by Quarter for CalAmp Corp. (NASDAQ:CAMP)

Receive News & Ratings for CalAmp Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CalAmp Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply