Cruiser Capital Advisors LLC Sells 9,047 Shares of Pitney Bowes Inc. (NYSE:PBI)

Cruiser Capital Advisors LLC lowered its position in Pitney Bowes Inc. (NYSE:PBI) by 12.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,953 shares of the technology company’s stock after selling 9,047 shares during the period. Cruiser Capital Advisors LLC’s holdings in Pitney Bowes were worth $233,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Gamco Investors INC. ET AL grew its holdings in Pitney Bowes by 124.8% during the second quarter. Gamco Investors INC. ET AL now owns 480,500 shares of the technology company’s stock valued at $1,701,000 after purchasing an additional 266,800 shares during the period. Cetera Advisor Networks LLC raised its holdings in Pitney Bowes by 15.2% during the second quarter. Cetera Advisor Networks LLC now owns 51,870 shares of the technology company’s stock valued at $184,000 after acquiring an additional 6,851 shares during the period. Black Creek Investment Management Inc. lifted its position in shares of Pitney Bowes by 18.0% in the second quarter. Black Creek Investment Management Inc. now owns 275,000 shares of the technology company’s stock valued at $974,000 after acquiring an additional 42,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Pitney Bowes by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,494,835 shares of the technology company’s stock worth $15,912,000 after acquiring an additional 66,149 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Pitney Bowes by 54.9% in the second quarter. Citigroup Inc. now owns 130,620 shares of the technology company’s stock worth $462,000 after acquiring an additional 46,321 shares during the period. Institutional investors own 70.69% of the company’s stock.

Pitney Bowes Stock Performance

Shares of NYSE:PBI remained flat at $3.92 during midday trading on Monday. 79,364 shares of the company were exchanged, compared to its average volume of 1,373,208. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 31.86. The company’s 50 day moving average is $3.48 and its two-hundred day moving average is $3.46. Pitney Bowes Inc. has a 12-month low of $2.80 and a 12-month high of $4.85. The firm has a market capitalization of $691.21 million, a PE ratio of -4.45, a PEG ratio of 26.07 and a beta of 2.23.

Pitney Bowes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend is Tuesday, November 14th. Pitney Bowes’s payout ratio is presently -22.73%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd.

About Pitney Bowes

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States, Canada, and internationally. It operates through Global Ecommerce, Presort Services, and Sending Technology Solutions (SendTech Solutions) segments.