Pointer Telocation Ltd (NASDAQ:PNTR) Short Interest Update

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Pointer Telocation Ltd (NASDAQ:PNTR) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 3,500 shares, a growth of 75.0% from the May 30th total of 2,000 shares. Based on an average daily trading volume, of 19,700 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd raised its holdings in Pointer Telocation by 3.3% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 472,288 shares of the communications equipment provider’s stock valued at $5,738,000 after buying an additional 15,000 shares during the last quarter. Chicago Capital Management LLC bought a new position in Pointer Telocation in the 1st quarter valued at approximately $3,470,000. Delek Group Ltd. raised its holdings in Pointer Telocation by 18.9% in the 1st quarter. Delek Group Ltd. now owns 210,750 shares of the communications equipment provider’s stock valued at $3,280,000 after buying an additional 33,517 shares during the last quarter. Rice Hall James & Associates LLC raised its holdings in Pointer Telocation by 77.6% in the 1st quarter. Rice Hall James & Associates LLC now owns 123,248 shares of the communications equipment provider’s stock valued at $1,928,000 after buying an additional 53,864 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Pointer Telocation by 11.5% in the 1st quarter. Acadian Asset Management LLC now owns 94,244 shares of the communications equipment provider’s stock valued at $1,474,000 after buying an additional 9,694 shares during the last quarter. Institutional investors own 27.30% of the company’s stock.

A number of equities research analysts have issued reports on the stock. HC Wainwright set a $3.00 price target on shares of McEwen Mining and gave the company a “buy” rating in a research note on Friday, May 24th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, B. Riley restated a “neutral” rating and issued a $15.00 price target (down from $20.50) on shares of Pointer Telocation in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $15.91.

Shares of PNTR traded up $0.18 during mid-day trading on Friday, reaching $15.19. The company had a trading volume of 5,316 shares, compared to its average volume of 17,985. The business’s 50 day moving average price is $14.81. Pointer Telocation has a 1-year low of $10.25 and a 1-year high of $16.16. The company has a quick ratio of 1.46, a current ratio of 1.87 and a debt-to-equity ratio of 0.03. The company has a market cap of $122.06 million, a P/E ratio of 14.89 and a beta of 0.53.

Pointer Telocation (NASDAQ:PNTR) last posted its quarterly earnings results on Thursday, May 23rd. The communications equipment provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Pointer Telocation had a net margin of 7.66% and a return on equity of 11.29%. The company had revenue of $18.26 million during the quarter, compared to analyst estimates of $18.47 million. On average, analysts anticipate that Pointer Telocation will post 1.13 earnings per share for the current year.

About Pointer Telocation

Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive and insurance industries, and mobile assets management markets worldwide. It operates through MRM and Cellocator sgments. The MRM segment offers asset management, fleet management, stolen vehicle retrieval (SVR), and connected car services.

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