Samjo Management LLC Buys 9,600 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Samjo Management LLC grew its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 798,450 shares of the technology company’s stock after buying an additional 9,600 shares during the quarter. Cantaloupe accounts for approximately 2.9% of Samjo Management LLC’s portfolio, making the stock its 9th biggest position. Samjo Management LLC owned approximately 1.09% of Cantaloupe worth $7,593,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new position in Cantaloupe in the third quarter worth approximately $26,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Cantaloupe during the fourth quarter worth $40,000. Parkside Financial Bank & Trust purchased a new position in Cantaloupe in the fourth quarter valued at $47,000. New York State Common Retirement Fund raised its stake in Cantaloupe by 75.8% in the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after buying an additional 3,400 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Cantaloupe during the 4th quarter worth about $91,000. 75.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CTLP. Benchmark increased their price objective on Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Barrington Research reiterated an “outperform” rating and issued a $14.00 price target on shares of Cantaloupe in a research note on Thursday, March 27th.

Cantaloupe Stock Performance

Shares of CTLP stock opened at $7.47 on Friday. The stock’s 50-day moving average is $8.94 and its two-hundred day moving average is $8.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.81. Cantaloupe, Inc. has a 1 year low of $5.75 and a 1 year high of $11.36. The firm has a market cap of $545.57 million, a price-to-earnings ratio of 37.35 and a beta of 1.45.

Cantaloupe (NASDAQ:CTLP) last announced its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same period in the previous year, the firm posted $0.04 earnings per share. Analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Cantaloupe Company 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.