Rice Hall James & Associates LLC Has $9.82 Million Stock Position in CalAmp Corp. (NASDAQ:CAMP)

Rice Hall James & Associates LLC cut its holdings in CalAmp Corp. (NASDAQ:CAMP) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 841,090 shares of the Wireless communications provider’s stock after selling 31,707 shares during the quarter. Rice Hall James & Associates LLC owned approximately 2.50% of CalAmp worth $9,824,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in CalAmp by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,708,889 shares of the Wireless communications provider’s stock valued at $22,233,000 after buying an additional 42,993 shares in the last quarter. Tributary Capital Management LLC boosted its stake in CalAmp by 14.8% in the first quarter. Tributary Capital Management LLC now owns 949,971 shares of the Wireless communications provider’s stock valued at $11,951,000 after buying an additional 122,219 shares in the last quarter. Geode Capital Management LLC boosted its stake in CalAmp by 10.9% in the fourth quarter. Geode Capital Management LLC now owns 410,280 shares of the Wireless communications provider’s stock valued at $5,337,000 after buying an additional 40,243 shares in the last quarter. California Public Employees Retirement System boosted its stake in CalAmp by 79.9% in the first quarter. California Public Employees Retirement System now owns 386,647 shares of the Wireless communications provider’s stock valued at $4,864,000 after buying an additional 171,713 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in CalAmp in the first quarter valued at about $3,414,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. Craig Hallum reissued a “buy” rating and set a $16.00 price target (down from $17.00) on shares of CalAmp in a research note on Wednesday, May 1st. Goldman Sachs Group lowered CalAmp from a “neutral” rating to a “sell” rating and cut their price target for the company from $13.00 to $11.00 in a research note on Wednesday, May 29th. BidaskClub lowered CalAmp from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. ValuEngine raised CalAmp from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Northland Securities raised CalAmp from a “market perform” rating to an “outperform” rating in a research note on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.38.

Shares of CAMP traded up $0.01 during mid-day trading on Thursday, reaching $9.71. 2,503 shares of the company were exchanged, compared to its average volume of 309,691. CalAmp Corp. has a 52 week low of $9.67 and a 52 week high of $24.37. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.60 and a quick ratio of 1.40. The company has a market capitalization of $344.70 million, a PE ratio of 14.64, a PEG ratio of 2.90 and a beta of 1.98. The stock has a 50 day simple moving average of $10.96.

CalAmp (NASDAQ:CAMP) last issued its quarterly earnings data on Thursday, June 27th. The Wireless communications provider reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.18). CalAmp had a return on equity of 11.85% and a net margin of 0.33%. The company had revenue of $89.10 million for the quarter, compared to the consensus estimate of $86.91 million. During the same quarter last year, the business earned $0.29 earnings per share. CalAmp’s revenue was down 6.1% compared to the same quarter last year. Equities research analysts predict that CalAmp Corp. will post 0.36 EPS for the current fiscal year.

In other CalAmp news, Director Larry J. Wolfe bought 50,000 shares of the stock in a transaction on Wednesday, July 3rd. The stock was acquired at an average cost of $11.33 per share, for a total transaction of $566,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.90% of the company’s stock.

About CalAmp

CalAmp Corp. provides in telematics systems, and software and subscription services in the United States, Latin America, Western Europe, Asia Pacific, the Middle East, Africa, and internationally. The company offers mobile resource management telematics devices for the Internet of Things market, which enable customers to optimize their operations by collecting, monitoring, and reporting business-critical information and desired intelligence from remote and mobile assets.

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Institutional Ownership by Quarter for CalAmp (NASDAQ:CAMP)

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