105,054 Shares in Black Box Co. (BBOX) Acquired by Macquarie Group Ltd.

Macquarie Group Ltd. bought a new stake in Black Box Co. (NASDAQ:BBOX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 105,054 shares of the technology company’s stock, valued at approximately $341,000. Macquarie Group Ltd. owned approximately 0.69% of Black Box at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. purchased a new position in shares of Black Box in the second quarter valued at approximately $106,000. Tudor Investment Corp ET AL lifted its position in Black Box by 30.1% during the second quarter. Tudor Investment Corp ET AL now owns 14,755 shares of the technology company’s stock worth $126,000 after buying an additional 3,418 shares in the last quarter. Cigna Investments Inc. New lifted its position in Black Box by 10.3% during the second quarter. Cigna Investments Inc. New now owns 20,291 shares of the technology company’s stock worth $176,000 after buying an additional 1,897 shares in the last quarter. Citadel Advisors LLC lifted its position in Black Box by 218.9% during the second quarter. Citadel Advisors LLC now owns 23,518 shares of the technology company’s stock worth $201,000 after buying an additional 16,143 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Black Box by 17.8% during the second quarter. PNC Financial Services Group Inc. now owns 25,660 shares of the technology company’s stock worth $220,000 after buying an additional 3,872 shares in the last quarter. Institutional investors and hedge funds own 73.93% of the company’s stock.

Black Box Co. (NASDAQ BBOX) opened at $3.15 on Friday. Black Box Co. has a 1 year low of $2.85 and a 1 year high of $16.35. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.67 and a quick ratio of 1.52.

Black Box (NASDAQ:BBOX) last announced its quarterly earnings data on Tuesday, October 31st. The technology company reported ($0.23) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.01. Black Box had a negative return on equity of 2.71% and a negative net margin of 2.69%. The firm had revenue of $194.20 million for the quarter, compared to the consensus estimate of $193.85 million. During the same quarter last year, the business posted $0.31 earnings per share. The firm’s revenue was down 11.2% compared to the same quarter last year.

In related news, insider Joel T. Trammell acquired 45,000 shares of Black Box stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average price of $3.95 per share, for a total transaction of $177,750.00. Following the completion of the transaction, the insider now owns 77,320 shares in the company, valued at approximately $305,414. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.70% of the company’s stock.

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About Black Box

Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.

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Institutional Ownership by Quarter for Black Box (NASDAQ:BBOX)

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