Barclays PLC Takes $104,000 Position in CSP Inc. (NASDAQ:CSPI)

Barclays PLC acquired a new stake in shares of CSP Inc. (NASDAQ:CSPI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,002 shares of the information technology services provider’s stock, valued at approximately $104,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSPI. American Century Companies Inc. purchased a new stake in shares of CSP during the second quarter worth about $503,000. Renaissance Technologies LLC boosted its holdings in shares of CSP by 3.7% during the second quarter. Renaissance Technologies LLC now owns 442,226 shares of the information technology services provider’s stock worth $6,589,000 after purchasing an additional 15,800 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of CSP by 122.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 197,556 shares of the information technology services provider’s stock worth $2,944,000 after purchasing an additional 108,778 shares during the period. Apis Capital Advisors LLC boosted its holdings in shares of CSP by 50.0% during the second quarter. Apis Capital Advisors LLC now owns 36,000 shares of the information technology services provider’s stock worth $536,000 after purchasing an additional 12,000 shares during the period. Finally, Copeland Capital Management LLC purchased a new stake in shares of CSP during the third quarter worth about $42,000. 26.74% of the stock is owned by institutional investors.

CSP Trading Down 3.0 %

CSP stock opened at $16.76 on Thursday. The firm has a 50-day moving average of $15.43 and a 200-day moving average of $14.36. The firm has a market cap of $165.64 million, a P/E ratio of 59.86 and a beta of 1.44. CSP Inc. has a 1-year low of $9.36 and a 1-year high of $29.92.

CSP (NASDAQ:CSPI) last issued its quarterly earnings data on Friday, December 20th. The information technology services provider reported ($0.18) EPS for the quarter. CSP had a return on equity of 5.38% and a net margin of 4.42%.

CSP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th will be issued a $0.03 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.12 annualized dividend and a yield of 0.72%. CSP’s dividend payout ratio (DPR) is presently -240.00%.

CSP Company Profile

CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.