Anderson Hoagland & Co. Makes New $1.84 Million Investment in Cantaloupe, Inc. (NASDAQ:CTLP)

Anderson Hoagland & Co. bought a new stake in Cantaloupe, Inc. (NASDAQ:CTLP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 193,172 shares of the technology company’s stock, valued at approximately $1,837,000. Anderson Hoagland & Co. owned about 0.26% of Cantaloupe as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC grew its stake in Cantaloupe by 25.3% in the 4th quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company’s stock valued at $265,000 after acquiring an additional 5,612 shares during the last quarter. UMB Bank n.a. acquired a new position in Cantaloupe during the fourth quarter worth about $153,000. JPMorgan Chase & Co. grew its position in shares of Cantaloupe by 340.6% in the third quarter. JPMorgan Chase & Co. now owns 111,394 shares of the technology company’s stock valued at $824,000 after purchasing an additional 86,109 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Cantaloupe in the third quarter valued at approximately $156,000. Finally, Barclays PLC increased its stake in shares of Cantaloupe by 272.2% during the 3rd quarter. Barclays PLC now owns 113,920 shares of the technology company’s stock worth $843,000 after purchasing an additional 83,316 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Trading Down 0.5 %

Shares of Cantaloupe stock opened at $8.23 on Friday. Cantaloupe, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $10.48. The business’s fifty day moving average is $9.07 and its two-hundred day moving average is $8.13. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. The firm has a market cap of $600.71 million, a PE ratio of 48.41 and a beta of 1.64.

Cantaloupe (NASDAQ:CTLP) last released its earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The firm had revenue of $70.84 million for the quarter, compared to the consensus estimate of $70.54 million. During the same period in the prior year, the business posted $0.02 earnings per share. Analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Benchmark increased their target price on Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, November 8th. Barrington Research reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Cantaloupe in a research note on Monday, November 4th. Finally, Northland Securities boosted their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th.

Cantaloupe Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.