EntryPoint Capital LLC Makes New Investment in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

EntryPoint Capital LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,729 shares of the communications equipment provider’s stock, valued at approximately $127,000.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 2,840 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth about $77,000. Valeo Financial Advisors LLC purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth about $81,000. Endowment Wealth Management Inc. acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $94,000. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 1.0 %

ERIC opened at $7.78 on Monday. The firm has a market cap of $25.93 billion, a P/E ratio of -778,000.00, a PEG ratio of 3.89 and a beta of 0.81. The business’s fifty day simple moving average is $8.05 and its 200 day simple moving average is $8.06. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week high of $8.90. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. As a group, equities research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were paid a $0.1315 dividend. This is a boost from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. The ex-dividend date was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is presently -1,700,000.00%.

About Telefonaktiebolaget LM Ericsson (publ)

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.