FNY Investment Advisers LLC Purchases New Stake in Pointer Telocation Ltd (PNTR)

FNY Investment Advisers LLC purchased a new stake in Pointer Telocation Ltd (NASDAQ:PNTR) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 1,800 shares of the communications equipment provider’s stock, valued at approximately $28,000.

Other large investors have also modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Pointer Telocation by 3.3% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 472,288 shares of the communications equipment provider’s stock valued at $5,738,000 after purchasing an additional 15,000 shares during the last quarter. Boston Partners acquired a new stake in shares of Pointer Telocation in the fourth quarter valued at about $464,000. Van ECK Associates Corp grew its position in shares of Pointer Telocation by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 2,786 shares of the communications equipment provider’s stock valued at $34,000 after purchasing an additional 816 shares during the last quarter. B. Riley Financial Inc. grew its position in shares of Pointer Telocation by 22.7% in the third quarter. B. Riley Financial Inc. now owns 39,751 shares of the communications equipment provider’s stock valued at $516,000 after purchasing an additional 7,364 shares during the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of Pointer Telocation in the fourth quarter valued at about $251,000. 23.08% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the company. HC Wainwright downgraded Pointer Telocation from a “buy” rating to a “neutral” rating and set a $15.72 price target on the stock. in a research report on Tuesday, March 26th. Zacks Investment Research downgraded Pointer Telocation from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th.

PNTR stock opened at $15.43 on Monday. Pointer Telocation Ltd has a twelve month low of $10.25 and a twelve month high of $16.16. The stock has a market cap of $125.48 million, a P/E ratio of 15.13 and a beta of 0.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.48 and a current ratio of 1.85.

Pointer Telocation (NASDAQ:PNTR) last released its earnings results on Thursday, February 28th. The communications equipment provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Pointer Telocation had a return on equity of 12.99% and a net margin of 8.91%. The firm had revenue of $18.43 million for the quarter, compared to analyst estimates of $19.34 million.

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Pointer Telocation Profile

Pointer Telocation Ltd. provides mobile resource management (MRM) products and services for the automotive and insurance industries, and mobile assets management markets worldwide. It operates through MRM and Cellocator sgments. The MRM segment offers asset management, fleet management, stolen vehicle retrieval (SVR), and connected car services.

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Institutional Ownership by Quarter for Pointer Telocation (NASDAQ:PNTR)

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