Connective Capital Management LLC Invests $137,000 in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI)

Connective Capital Management LLC purchased a new position in shares of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 83,418 shares of the company’s stock, valued at approximately $137,000. MultiSensor AI makes up approximately 0.2% of Connective Capital Management LLC’s holdings, making the stock its 26th biggest holding. Connective Capital Management LLC owned approximately 0.60% of MultiSensor AI at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSAI. Sanders Morris Harris LLC bought a new stake in MultiSensor AI during the first quarter valued at about $1,006,000. Skylands Capital LLC bought a new stake in MultiSensor AI during the second quarter valued at about $328,000. Finally, Murchinson Ltd. bought a new stake in MultiSensor AI during the first quarter valued at about $41,000. Institutional investors own 82.32% of the company’s stock.

MultiSensor AI Stock Up 3.9 %

Shares of MSAI stock opened at $2.15 on Monday. MultiSensor AI Holdings, Inc. has a 1-year low of $1.51 and a 1-year high of $14.00. The stock’s 50-day moving average is $1.92 and its 200 day moving average is $2.17.

MultiSensor AI (NASDAQ:MSAI) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.35). The business had revenue of $2.13 million during the quarter, compared to the consensus estimate of $3.20 million. On average, analysts forecast that MultiSensor AI Holdings, Inc. will post -0.27 EPS for the current fiscal year.

MultiSensor AI Company Profile

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.