First Trust Advisors LP Invests $879,000 in CalAmp Corp. (NASDAQ:CAMP)

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First Trust Advisors LP purchased a new position in shares of CalAmp Corp. (NASDAQ:CAMP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 76,291 shares of the Wireless communications provider’s stock, valued at approximately $879,000. First Trust Advisors LP owned 0.22% of CalAmp as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of CalAmp during the 2nd quarter worth $62,000. Meeder Asset Management Inc. bought a new position in shares of CalAmp during the 2nd quarter worth $69,000. US Bancorp DE grew its stake in shares of CalAmp by 19.2% during the 2nd quarter. US Bancorp DE now owns 9,991 shares of the Wireless communications provider’s stock worth $117,000 after acquiring an additional 1,611 shares during the period. Walleye Trading Advisors LLC bought a new position in shares of CalAmp during the 2nd quarter worth $120,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in CalAmp during the 2nd quarter worth about $128,000. Institutional investors own 78.68% of the company’s stock.

NASDAQ:CAMP opened at $10.49 on Monday. The business’s 50-day moving average price is $10.82 and its two-hundred day moving average price is $10.84. CalAmp Corp. has a twelve month low of $9.35 and a twelve month high of $18.41. The stock has a market cap of $354.51 million, a P/E ratio of 19.60, a PEG ratio of 3.98 and a beta of 1.96. The company has a quick ratio of 1.36, a current ratio of 1.59 and a debt-to-equity ratio of 1.06.

CalAmp (NASDAQ:CAMP) last released its quarterly earnings results on Thursday, September 26th. The Wireless communications provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.11. CalAmp had a positive return on equity of 9.04% and a negative net margin of 1.50%. The firm had revenue of $93.20 million for the quarter, compared to analysts’ expectations of $91.50 million. During the same quarter last year, the firm posted $0.31 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts expect that CalAmp Corp. will post 0.27 EPS for the current fiscal year.

CAMP has been the topic of a number of recent research reports. ValuEngine cut CalAmp from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Northland Securities reissued a “buy” rating and set a $20.00 price objective on shares of CalAmp in a report on Monday, October 28th. Canaccord Genuity set a $24.00 price objective on CalAmp and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, BidaskClub cut CalAmp from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. CalAmp currently has an average rating of “Hold” and an average price target of $19.25.

CalAmp Company Profile

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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Institutional Ownership by Quarter for CalAmp (NASDAQ:CAMP)

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