Dalton Investments LLC maintained its stake in shares of Magal Security Systems Ltd. (NASDAQ:MAGS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,613 shares of the industrial products company’s stock at the end of the second quarter. Magal Security Systems accounts for about 0.1% of Dalton Investments LLC’s portfolio, making the stock its 25th largest holding. Dalton Investments LLC owned about 0.13% of Magal Security Systems worth $146,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Alpine Woods Capital Investors LLC grew its stake in shares of Magal Security Systems by 8.7% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 63,070 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 5,070 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Magal Security Systems by 38.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 272,030 shares of the industrial products company’s stock worth $1,338,000 after purchasing an additional 75,981 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Magal Security Systems by 8.1% during the 2nd quarter. Wells Fargo & Company MN now owns 273,883 shares of the industrial products company’s stock worth $1,348,000 after purchasing an additional 20,486 shares during the period. 12.04% of the stock is owned by institutional investors.
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Shares of Magal Security Systems Ltd. (NASDAQ MAGS) traded down 1.27% during mid-day trading on Friday, reaching $4.67. 9,148 shares of the company traded hands. The company’s 50 day moving average is $4.83 and its 200 day moving average is $5.74. Magal Security Systems Ltd. has a 52-week low of $4.08 and a 52-week high of $8.00. The stock’s market capitalization is $107.19 million.
Magal Security Systems (NASDAQ:MAGS) last issued its quarterly earnings data on Thursday, August 31st. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $13.25 million during the quarter. Magal Security Systems had a negative net margin of 5.05% and a negative return on equity of 4.64%. On average, equities analysts forecast that Magal Security Systems Ltd. will post $0.18 earnings per share for the current year.
Separately, TheStreet cut shares of Magal Security Systems from a “b-” rating to a “c-” rating in a research note on Tuesday, May 30th.
About Magal Security Systems
Magal Security Systems Ltd. is an international provider of products and solutions for security, safety and site management. The Company’s solutions are integrated and managed by modular command and control software, supported by systems for real-time decision support. It operates through three segments: Perimeter Products, Turnkey Projects and Cyber Security.
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