Bard Associates Inc. Increases Position in Sangoma Technologies Co. (NASDAQ:SANG)

Bard Associates Inc. lifted its holdings in shares of Sangoma Technologies Co. (NASDAQ:SANG) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,205 shares of the company’s stock after acquiring an additional 2,044 shares during the quarter. Bard Associates Inc.’s holdings in Sangoma Technologies were worth $644,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. National Bank of Canada FI increased its position in shares of Sangoma Technologies by 13.2% during the third quarter. National Bank of Canada FI now owns 72,259 shares of the company’s stock worth $398,000 after acquiring an additional 8,439 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Sangoma Technologies by 28.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,833 shares of the company’s stock worth $808,000 after acquiring an additional 32,000 shares during the last quarter. Alberta Investment Management Corp increased its position in shares of Sangoma Technologies by 11.9% during the fourth quarter. Alberta Investment Management Corp now owns 1,204,274 shares of the company’s stock worth $8,373,000 after acquiring an additional 127,808 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in shares of Sangoma Technologies during the third quarter worth about $1,587,000. 39.65% of the stock is owned by hedge funds and other institutional investors.

Sangoma Technologies Stock Down 2.2 %

Shares of NASDAQ SANG opened at $5.34 on Tuesday. Sangoma Technologies Co. has a 1 year low of $3.78 and a 1 year high of $7.99. The firm has a market cap of $178.04 million, a price-to-earnings ratio of -25.43 and a beta of 1.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 0.86. The stock’s 50-day simple moving average is $6.77 and its 200-day simple moving average is $6.21.

Sangoma Technologies (NASDAQ:SANG) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Sangoma Technologies had a negative net margin of 2.81% and a negative return on equity of 2.61%. During the same period in the prior year, the business earned ($0.10) earnings per share. As a group, equities analysts anticipate that Sangoma Technologies Co. will post -0.18 earnings per share for the current fiscal year.

Sangoma Technologies Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.