Navellier & Associates Inc. Boosts Stock Holdings in CSP Inc. (NASDAQ:CSPI)

Navellier & Associates Inc. increased its position in shares of CSP Inc. (NASDAQ:CSPI) by 61.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,576 shares of the information technology services provider’s stock after purchasing an additional 23,550 shares during the period. Navellier & Associates Inc. owned approximately 0.62% of CSP worth $990,000 as of its most recent SEC filing.

Separately, Copeland Capital Management LLC raised its holdings in CSP by 39.2% during the fourth quarter. Copeland Capital Management LLC now owns 4,532 shares of the information technology services provider’s stock worth $73,000 after purchasing an additional 1,277 shares in the last quarter. Institutional investors and hedge funds own 26.74% of the company’s stock.

CSP Trading Down 2.6 %

Shares of CSP stock opened at $17.31 on Friday. CSP Inc. has a 12-month low of $10.76 and a 12-month high of $29.92. The stock has a market cap of $171.02 million, a PE ratio of 1,732.73 and a beta of 1.47. The company has a 50-day moving average of $17.39 and a two-hundred day moving average of $15.01.

CSP (NASDAQ:CSPI) last issued its earnings results on Monday, February 10th. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter. CSP had a net margin of 0.14% and a return on equity of 0.17%.

CSP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be issued a $0.03 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.12 dividend on an annualized basis and a yield of 0.69%. CSP’s dividend payout ratio (DPR) is presently 1,201.20%.

CSP Company Profile

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.