PenderFund Capital Management Ltd. Purchases New Holdings in Kaleyra, Inc. (NYSEAMERICAN:KLR)

PenderFund Capital Management Ltd. acquired a new position in shares of Kaleyra, Inc. (NYSEAMERICAN:KLR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 45,570 shares of the company’s stock, valued at approximately $407,000. PenderFund Capital Management Ltd. owned 0.34% of Kaleyra 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. Engineers Gate Manager LP increased its stake in Kaleyra by 42.2% in the first quarter. Engineers Gate Manager LP now owns 18,360 shares of the company’s stock valued at $110,000 after acquiring an additional 5,449 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kaleyra by 14.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,382 shares of the company’s stock worth $56,000 after acquiring an additional 9,591 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Kaleyra during the 1st quarter valued at approximately $60,000. Bank of New York Mellon Corp boosted its position in Kaleyra by 19.1% in the third quarter. Bank of New York Mellon Corp now owns 70,000 shares of the company’s stock valued at $68,000 after buying an additional 11,246 shares in the last quarter. Finally, American International Group Inc. bought a new stake in shares of Kaleyra during the second quarter worth $28,000. 43.00% of the stock is owned by institutional investors and hedge funds.

Kaleyra Price Performance

Shares of KLR remained flat at $7.24 during trading hours on Tuesday. The stock has a market capitalization of $96.51 million, a PE ratio of -1.06 and a beta of 1.75. Kaleyra, Inc. has a 1-year low of $1.57 and a 1-year high of $7.25. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 7.67.

About Kaleyra

Kaleyra Inc, through its subsidiaries, provides mobile communication services to financial institutions, e-commerce players, OTTs, software companies, logistic enablers, healthcare providers and retailers, and other organization worldwide. The company provides cloud communications platforms, which manages multi-channel integrated communications services including inbound/outbound messaging solutions, programmable voice and interactive voice response configurations, hosted telephone numbers, conversational marketing solutions, rich communication services, and other IP communications, such as e-mail, push notifications, video/audio/chat, and WhatsApp services.