BlackRock Inc. acquired a new position in Pointer Telocation Ltd (NASDAQ:PNTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,644 shares of the communications equipment provider’s stock, valued at approximately $251,000.
Separately, Boston Partners purchased a new stake in shares of Pointer Telocation in the fourth quarter worth approximately $464,000. Institutional investors and hedge funds own 23.10% of the company’s stock.
Shares of PNTR opened at $15.30 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.48. The company has a market cap of $123.66 million, a P/E ratio of 15.00 and a beta of 0.48. Pointer Telocation Ltd has a 12 month low of $10.25 and a 12 month high of $16.16.
A number of analysts recently commented on PNTR shares. Zacks Investment Research downgraded Pointer Telocation from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. HC Wainwright downgraded Pointer Telocation from a “buy” rating to a “neutral” rating and set a $15.72 price target for the company. in a research report on Tuesday, March 26th.
About Pointer Telocation
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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