Connor Clark & Lunn Investment Management Ltd. bought a new stake in NetSol Technologies Inc. (NASDAQ:NTWK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,025 shares of the software maker’s stock, valued at approximately $86,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of NetSol Technologies at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NTWK. Algert Global LLC acquired a new stake in shares of NetSol Technologies during the fourth quarter worth about $77,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of NetSol Technologies during the fourth quarter worth about $209,000. Acadian Asset Management LLC acquired a new stake in shares of NetSol Technologies during the fourth quarter worth about $378,000. Russell Investments Group Ltd. lifted its position in shares of NetSol Technologies by 26.3% during the third quarter. Russell Investments Group Ltd. now owns 218,563 shares of the software maker’s stock worth $1,442,000 after purchasing an additional 45,501 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in shares of NetSol Technologies during the fourth quarter worth about $285,000. 31.98% of the stock is currently owned by institutional investors.
Shares of NTWK traded down $0.27 during mid-day trading on Monday, hitting $6.65. 16,370 shares of the company’s stock were exchanged, compared to its average volume of 37,796. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.63 and a current ratio of 2.63. NetSol Technologies Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $10.52. The stock has a market capitalization of $80.29 million, a PE ratio of 9.94 and a beta of 0.36.
Separately, TheStreet raised shares of NetSol Technologies from a “c+” rating to a “b-” rating in a research report on Tuesday, March 12th.
In related news, Director Naeem Ghauri purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was purchased at an average cost of $5.12 per share, with a total value of $25,600.00. Following the completion of the acquisition, the director now directly owns 476,011 shares in the company, valued at $2,437,176.32. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 11.83% of the company’s stock.
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About NetSol Technologies
NetSol Technologies, Inc designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. It also provides system integration, consulting, and IT products and services. The company offers NetSol Financial Suite (NFS), an end-to-end solution covering leasing and finance cycle for the asset finance industry; and NFS Ascent platform, a lease accounting and contract processing engine.
See Also: Systematic Risk
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