GSA Capital Partners LLP Acquires New Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

GSA Capital Partners LLP bought a new position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) in the 3rd quarter, HoldingsChannel reports. The fund bought 20,714 shares of the technology company’s stock, valued at approximately $153,000.

Several other hedge funds also recently bought and sold shares of CTLP. Assenagon Asset Management S.A. acquired a new position in shares of Cantaloupe in the second quarter valued at approximately $89,000. Price T Rowe Associates Inc. MD increased its stake in Cantaloupe by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock valued at $111,000 after purchasing an additional 3,197 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Cantaloupe by 68.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company’s stock valued at $152,000 after purchasing an additional 9,374 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Cantaloupe by 15.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock worth $159,000 after purchasing an additional 3,210 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Cantaloupe during the 3rd quarter valued at approximately $164,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Price Performance

NASDAQ CTLP opened at $9.49 on Tuesday. Cantaloupe, Inc. has a 1 year low of $5.74 and a 1 year high of $9.67. The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 0.19. The company has a market cap of $692.68 million, a PE ratio of 55.83 and a beta of 1.68. The stock’s 50-day moving average price is $8.51 and its two-hundred day moving average price is $7.42.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $70.84 million during the quarter, compared to analysts’ expectations of $70.54 million. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. During the same period last year, the company posted $0.02 earnings per share. On average, analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

CTLP has been the subject of several recent analyst reports. Northland Securities raised their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Craig Hallum decreased their price objective on shares of Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a research note on Monday, November 4th. Finally, Benchmark increased their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Insider Activity at Cantaloupe

In related news, Director Douglas Bergeron acquired 36,000 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was acquired at an average price of $7.41 per share, with a total value of $266,760.00. Following the completion of the transaction, the director now owns 462,319 shares of the company’s stock, valued at approximately $3,425,783.79. This represents a 8.44 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ravi Venkatesan acquired 8,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $6.30 per share, with a total value of $50,400.00. Following the purchase, the chief executive officer now owns 136,658 shares in the company, valued at approximately $860,945.40. This represents a 6.22 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 57,866 shares of company stock valued at $416,302. 6.30% of the stock is currently owned by corporate insiders.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.