CSP Inc. (NASDAQ:CSPI) Stock Holdings Raised by Apis Capital Advisors LLC

Apis Capital Advisors LLC lifted its stake in shares of CSP Inc. (NASDAQ:CSPI) by 50.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,000 shares of the information technology services provider’s stock after purchasing an additional 12,000 shares during the period. Apis Capital Advisors LLC owned about 0.37% of CSP worth $536,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Visionary Wealth Advisors lifted its holdings in CSP by 3.3% during the 4th quarter. Visionary Wealth Advisors now owns 293,403 shares of the information technology services provider’s stock worth $5,868,000 after buying an additional 9,363 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in CSP during the first quarter worth $276,000. Renaissance Technologies LLC boosted its holdings in CSP by 3.7% in 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. American Century Companies Inc. bought a new stake in CSP during the second quarter valued at $503,000. Finally, Mercer Global Advisors Inc. ADV raised 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. 26.74% of the stock is currently owned by institutional investors and hedge funds.

CSP Trading Up 1.5 %

Shares of CSP stock opened at $12.67 on Monday. The stock has a market capitalization of $123.58 million, a price-to-earnings ratio of 22.63 and a beta of 1.37. CSP Inc. has a twelve month low of $7.76 and a twelve month high of $29.92. The business’s 50 day simple moving average is $13.96 and its 200-day simple moving average is $15.19.

CSP (NASDAQ:CSPI) last issued its earnings results on Tuesday, August 13th. The information technology services provider reported ($0.02) earnings per share for the quarter. CSP had a return on equity of 5.38% and a net margin of 4.42%. The company had revenue of $13.11 million during the quarter.

CSP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 23rd were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.12 annualized dividend and a yield of 0.95%. CSP’s dividend payout ratio is presently 21.43%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of CSP from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th.

Insider Buying and Selling at CSP

In other CSP news, major shareholder Joseph R. Nerges purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were bought at an average price of $14.38 per share, with a total value of $28,760.00. Following the completion of the acquisition, the insider now owns 1,371,326 shares in the company, valued at approximately $19,719,667.88. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought 4,040 shares of company stock valued at $55,989 in the last ninety days. Company insiders own 16.60% of the company’s stock.

About CSP

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.