Corsair Capital Management L.P. Buys Shares of 30,000 SuperCom, Ltd. $SPCB

Corsair Capital Management L.P. purchased a new position in shares of SuperCom, Ltd. (NASDAQ:SPCB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,000 shares of the industrial products company’s stock, valued at approximately $311,000. Corsair Capital Management L.P. owned approximately 1.02% of SuperCom as of its most recent SEC filing.

Separately, JPMorgan Chase & Co. acquired a new stake in shares of SuperCom during the second quarter worth about $31,000. 47.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on SPCB shares. Wall Street Zen raised SuperCom from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “sell (d)” rating on shares of SuperCom in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.00.

SuperCom Price Performance

Shares of NASDAQ SPCB opened at $9.34 on Friday. The business has a 50-day moving average of $10.61 and a 200-day moving average of $10.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 10.29 and a quick ratio of 9.69. The stock has a market capitalization of $27.37 million, a price-to-earnings ratio of 21.72 and a beta of 1.19. SuperCom, Ltd. has a fifty-two week low of $3.08 and a fifty-two week high of $18.95.

SuperCom (NASDAQ:SPCB) last posted its earnings results on Thursday, November 13th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.41. SuperCom had a return on equity of 37.28% and a net margin of 11.00%.The company had revenue of $6.22 million for the quarter, compared to the consensus estimate of $5.76 million.

SuperCom Company Profile

SuperCom Ltd. provides digital identity, Internet of Things and connectivity, and cyber security products and solutions to governments, and private and public organizations worldwide. The company operates in three segments: e-Gov, IoT and Connectivity, and Cyber Security. It offers MAGNA, a platform for national ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver's licenses, and electronic voter registration and election management.