GSA Capital Partners LLP Makes New Investment in Cantaloupe, Inc. (NASDAQ:CTLP)

GSA Capital Partners LLP acquired a new stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,714 shares of the technology company’s stock, valued at approximately $153,000.

Other hedge funds have also recently modified their holdings of the company. Disciplined Growth Investors Inc. MN raised its stake in shares of Cantaloupe by 0.9% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,601,261 shares of the technology company’s stock worth $10,568,000 after purchasing an additional 14,431 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in Cantaloupe during the 2nd quarter valued at approximately $2,276,000. Bank of New York Mellon Corp boosted its holdings in shares of Cantaloupe by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 212,891 shares of the technology company’s stock valued at $1,405,000 after acquiring an additional 20,835 shares during the last quarter. ClariVest Asset Management LLC increased its stake in shares of Cantaloupe by 2.8% in the second quarter. ClariVest Asset Management LLC now owns 112,469 shares of the technology company’s stock worth $742,000 after acquiring an additional 3,011 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of Cantaloupe by 152.7% during the 1st quarter. Janus Henderson Group PLC now owns 99,321 shares of the technology company’s stock valued at $638,000 after buying an additional 60,013 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Activity at Cantaloupe

In related news, Director Douglas Bergeron bought 13,866 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average cost of $7.15 per share, with a total value of $99,141.90. Following the purchase, the director now directly owns 192,185 shares of the company’s stock, valued at $1,374,122.75. The trade was a 7.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ravi Venkatesan purchased 8,000 shares of Cantaloupe stock in a transaction dated Friday, September 13th. The shares were bought at an average price of $6.30 per share, for a total transaction of $50,400.00. Following the acquisition, the chief executive officer now owns 136,658 shares in the company, valued at approximately $860,945.40. This trade represents a 6.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 57,866 shares of company stock valued at $416,302. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

CTLP has been the topic of a number of recent research reports. Northland Securities upped their target price on Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Craig Hallum reduced their price target on Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Barrington Research reiterated an “outperform” rating and set a $10.00 target price on shares of Cantaloupe in a research report on Monday, November 4th. Finally, Benchmark boosted their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Cantaloupe Price Performance

Shares of Cantaloupe stock opened at $9.49 on Tuesday. The stock has a market capitalization of $692.68 million, a P/E ratio of 55.83 and a beta of 1.68. The business has a 50 day simple moving average of $8.51 and a two-hundred day simple moving average of $7.42. Cantaloupe, Inc. has a 12 month low of $5.74 and a 12 month high of $9.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.60 and a quick ratio of 1.03.

Cantaloupe (NASDAQ:CTLP) last issued 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. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The firm had revenue of $70.84 million during the quarter, compared to analysts’ expectations of $70.54 million. During the same period in the previous year, the business earned $0.02 earnings per share. As a group, analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Cantaloupe 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.