Insider Selling: Comtech Telecomm. Corp. (NASDAQ:CMTL) Insider Sells 477 Shares of Stock

Comtech Telecomm. Corp. (NASDAQ:CMTL) insider John Branscum sold 477 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $23.71, for a total value of $11,309.67. Following the transaction, the insider now owns 34,685 shares of the company’s stock, valued at $822,381.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

John Branscum also recently made the following trade(s):

  • On Friday, January 18th, John Branscum sold 1,158 shares of Comtech Telecomm. stock. The shares were sold at an average price of $25.16, for a total value of $29,135.28.

NASDAQ:CMTL opened at $23.24 on Friday. The company has a market cap of $560.21 million, a P/E ratio of 30.99, a PEG ratio of 4.30 and a beta of 1.29. The company has a quick ratio of 1.53, a current ratio of 2.20 and a debt-to-equity ratio of 0.34. Comtech Telecomm. Corp. has a 1-year low of $20.94 and a 1-year high of $36.94.

Comtech Telecomm. (NASDAQ:CMTL) last released its quarterly earnings results on Wednesday, March 6th. The communications equipment provider reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.16. The business had revenue of $164.10 million during the quarter, compared to analysts’ expectations of $159.96 million. Comtech Telecomm. had a return on equity of 6.56% and a net margin of 4.21%. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period last year, the firm posted $0.07 EPS. As a group, equities research analysts forecast that Comtech Telecomm. Corp. will post 1.13 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Wednesday, April 17th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $0.40 annualized dividend and a yield of 1.72%. Comtech Telecomm.’s payout ratio is currently 53.33%.

A number of large investors have recently added to or reduced their stakes in CMTL. Resources Investment Advisors Inc. raised its holdings in Comtech Telecomm. by 56.9% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,765 shares of the communications equipment provider’s stock valued at $43,000 after acquiring an additional 640 shares in the last quarter. Investors Research Corp bought a new position in shares of Comtech Telecomm. in the 1st quarter valued at $56,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Comtech Telecomm. in the 4th quarter valued at $89,000. ClariVest Asset Management LLC bought a new position in shares of Comtech Telecomm. in the 4th quarter valued at $148,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Comtech Telecomm. by 434.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,972 shares of the communications equipment provider’s stock valued at $194,000 after purchasing an additional 6,479 shares during the last quarter. 87.61% of the stock is owned by institutional investors and hedge funds.

CMTL has been the subject of a number of analyst reports. BidaskClub upgraded Comtech Telecomm. from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 7th. ValuEngine upgraded Comtech Telecomm. from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Zacks Investment Research cut Comtech Telecomm. from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, Noble Financial reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Comtech Telecomm. in a research report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Comtech Telecomm. currently has a consensus rating of “Hold” and a consensus price target of $34.80.

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Comtech Telecomm. Company Profile

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.

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