CalAmp Corp. (NASDAQ:CAMP) Short Interest Update

CalAmp Corp. (NASDAQ:CAMPGet Rating) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,680,000 shares, an increase of 33.3% from the June 30th total of 1,260,000 shares. Based on an average trading volume of 508,800 shares, the days-to-cover ratio is currently 3.3 days. Currently, 4.8% of the shares of the company are short sold.

Insider Buying and Selling at CalAmp

In other news, CEO Jeffery R. Gardner bought 20,000 shares of the stock in a transaction on Tuesday, June 28th. The shares were bought at an average price of $4.83 per share, with a total value of $96,600.00. Following the completion of the acquisition, the chief executive officer now owns 313,683 shares in the company, valued at $1,515,088.89. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jeffery R. Gardner acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 28th. The shares were purchased at an average price of $4.83 per share, with a total value of $96,600.00. Following the completion of the purchase, the chief executive officer now directly owns 313,683 shares of the company’s stock, valued at $1,515,088.89. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director B. Riley Asset Management, Llc acquired 106,900 shares of the firm’s stock in a transaction dated Thursday, June 30th. The stock was bought at an average cost of $4.14 per share, for a total transaction of $442,566.00. Following the purchase, the director now directly owns 1,707,365 shares of the company’s stock, valued at $7,068,491.10. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 467,487 shares of company stock valued at $2,002,521. 6.60% of the stock is owned by company insiders.

Institutional Trading of CalAmp

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAMP. Allspring Global Investments Holdings LLC purchased a new position in CalAmp during the 4th quarter valued at approximately $26,000. Sageworth Trust Co purchased a new position in CalAmp during the 2nd quarter valued at approximately $84,000. FDx Advisors Inc. grew its holdings in CalAmp by 24.7% during the 4th quarter. FDx Advisors Inc. now owns 18,484 shares of the Wireless communications provider’s stock valued at $130,000 after buying an additional 3,662 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in CalAmp during the 4th quarter valued at approximately $135,000. Finally, MetLife Investment Management LLC grew its holdings in CalAmp by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 19,506 shares of the Wireless communications provider’s stock valued at $143,000 after buying an additional 6,955 shares in the last quarter. Institutional investors own 77.03% of the company’s stock.

CalAmp Stock Down 1.4 %

Shares of CAMP opened at $4.84 on Wednesday. The business’s 50 day moving average is $5.44 and its 200 day moving average is $6.01. The company has a market capitalization of $175.01 million, a PE ratio of -4.48 and a beta of 2.39. CalAmp has a 12-month low of $3.90 and a 12-month high of $12.38. The company has a current ratio of 1.97, a quick ratio of 1.74 and a debt-to-equity ratio of 7.94.

CalAmp (NASDAQ:CAMPGet Rating) last issued its earnings results on Thursday, June 23rd. The Wireless communications provider reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The business had revenue of $64.73 million for the quarter, compared to the consensus estimate of $69.56 million. CalAmp had a negative net margin of 13.60% and a negative return on equity of 20.41%. Research analysts expect that CalAmp will post -0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded CalAmp from a “hold” rating to a “sell” rating in a research note on Monday, June 27th.

About CalAmp

(Get Rating)

CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company operates in two segments, Software & Subscription Services and Telematics Products.

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