BNP Paribas Financial Markets Lowers Stake in MIND C.T.I. Ltd (NASDAQ:MNDO)

BNP Paribas Financial Markets decreased its stake in MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 75,310 shares of the information technology services provider’s stock after selling 11,500 shares during the quarter. BNP Paribas Financial Markets’ holdings in MIND C.T.I. were worth $148,000 as of its most recent SEC filing.

Separately, Northern Trust Corp boosted its position in shares of MIND C.T.I. by 91.4% in the fourth quarter. Northern Trust Corp now owns 77,009 shares of the information technology services provider’s stock worth $152,000 after buying an additional 36,781 shares during the period. Hedge funds and other institutional investors own 24.32% of the company’s stock.

MIND C.T.I. Price Performance

Shares of NASDAQ MNDO opened at $1.49 on Friday. MIND C.T.I. Ltd has a 1-year low of $1.34 and a 1-year high of $2.13. The business has a 50-day moving average of $1.62 and a 200-day moving average of $1.88. The company has a market capitalization of $30.35 million, a price-to-earnings ratio of 6.77 and a beta of 0.80.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $0.02 EPS for the quarter. The firm had revenue of $5.00 million during the quarter. MIND C.T.I. had a return on equity of 21.27% and a net margin of 22.08%.

MIND C.T.I. Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, April 10th. Investors of record on Tuesday, March 25th were issued a $0.22 dividend. This represents a yield of 10.9%. The ex-dividend date of this dividend was Tuesday, March 25th. MIND C.T.I.’s dividend payout ratio is currently 129.41%.

About MIND C.T.I.

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.