Sangoma Technologies Co. (NASDAQ:SANG) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Sangoma Technologies Co. (NASDAQ:SANG) by 28.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,833 shares of the company’s stock after acquiring an additional 32,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.44% of Sangoma Technologies worth $808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new stake in shares of Sangoma Technologies in the 2nd quarter worth approximately $188,000. Unique Wealth LLC acquired a new stake in Sangoma Technologies in the second quarter worth $427,000. Bard Associates Inc. lifted its stake in Sangoma Technologies by 8.8% in the third quarter. Bard Associates Inc. now owns 88,161 shares of the company’s stock valued at $474,000 after buying an additional 7,141 shares during the last quarter. Intact Investment Management Inc. acquired a new position in shares of Sangoma Technologies during the third quarter valued at $1,587,000. Finally, Toronto Dominion Bank grew its position in shares of Sangoma Technologies by 1.3% during the second quarter. Toronto Dominion Bank now owns 500,353 shares of the company’s stock worth $2,471,000 after acquiring an additional 6,243 shares during the last quarter. 39.65% of the stock is currently owned by institutional investors and hedge funds.

Sangoma Technologies Stock Up 0.7 %

SANG stock opened at $6.17 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.91 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $5.95 and its 200 day simple moving average is $5.46. The stock has a market cap of $205.71 million, a PE ratio of -24.68 and a beta of 1.45. Sangoma Technologies Co. has a fifty-two week low of $2.50 and a fifty-two week high of $6.75.

Sangoma Technologies (NASDAQ:SANG) last announced its quarterly earnings results on Wednesday, September 18th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $60.93 million during the quarter, compared to analyst estimates of $60.89 million. Sangoma Technologies had a negative net margin of 3.32% and a negative return on equity of 3.12%. During the same quarter in the previous year, the business posted ($0.04) EPS. As a group, sell-side analysts predict that Sangoma Technologies Co. will post -0.06 EPS for the current year.

Sangoma Technologies Company Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.