Cantaloupe, Inc. $CTLP Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 85.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 321,249 shares of the technology company’s stock after purchasing an additional 147,786 shares during the quarter. Wolverine Asset Management LLC’s holdings in Cantaloupe were worth $3,396,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in Cantaloupe in the 3rd quarter valued at about $32,000. Osaic Holdings Inc. grew its holdings in Cantaloupe by 136.2% in the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock valued at $52,000 after purchasing an additional 2,737 shares during the period. BNP Paribas Financial Markets increased its position in Cantaloupe by 55.6% during the second quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock worth $63,000 after purchasing an additional 2,063 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new position in Cantaloupe during the second quarter worth approximately $76,000. Finally, Farther Finance Advisors LLC raised its stake in Cantaloupe by 62.4% during the second quarter. Farther Finance Advisors LLC now owns 7,296 shares of the technology company’s stock worth $80,000 after purchasing an additional 2,803 shares during the period. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on CTLP shares. Weiss Ratings restated a “hold (c)” rating on shares of Cantaloupe in a report on Monday, December 29th. Zacks Research upgraded Cantaloupe from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cantaloupe currently has an average rating of “Reduce” and an average price target of $12.73.

Cantaloupe Price Performance

Shares of NASDAQ CTLP opened at $10.86 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.81 and a quick ratio of 1.28. Cantaloupe, Inc. has a 1-year low of $7.01 and a 1-year high of $11.36. The company has a market capitalization of $800.38 million, a price-to-earnings ratio of 51.71 and a beta of 1.10. The business has a 50-day moving average of $10.64 and a 200-day moving average of $10.75.

Cantaloupe Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.