Hillsdale Investment Management Inc. Purchases New Holdings in CareCloud, Inc. (NASDAQ:CCLD)

Hillsdale Investment Management Inc. acquired a new position in shares of CareCloud, Inc. (NASDAQ:CCLD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 68,900 shares of the company’s stock, valued at approximately $252,000. Hillsdale Investment Management Inc. owned approximately 0.42% of CareCloud as of its most recent filing with the Securities and Exchange Commission.

Separately, Empowered Funds LLC grew its holdings in shares of CareCloud by 51.2% during the fourth quarter. Empowered Funds LLC now owns 61,240 shares of the company’s stock valued at $224,000 after buying an additional 20,750 shares in the last quarter. Institutional investors own 10.16% of the company’s stock.

Wall Street Analyst Weigh In

CCLD has been the subject of several research analyst reports. Roth Capital set a $1.50 price objective on CareCloud in a research note on Thursday, March 13th. Roth Mkm restated a “neutral” rating and set a $1.50 price target (down from $3.50) on shares of CareCloud in a report on Friday, March 14th.

CareCloud Trading Up 1.3 %

Shares of NASDAQ:CCLD opened at $1.53 on Tuesday. The business has a fifty day simple moving average of $3.05 and a 200 day simple moving average of $2.99. CareCloud, Inc. has a 1 year low of $1.01 and a 1 year high of $4.84. The firm has a market cap of $24.87 million, a price-to-earnings ratio of -0.48 and a beta of 1.55.

About CareCloud

CareCloud, Inc, a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services.