CSP (NASDAQ:CSPI) Director Ismail Azeri Purchases 2,282 Shares of Stock

CSP Inc. (NASDAQ:CSPI) Director Ismail Azeri bought 2,282 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of $9.38 per share, with a total value of $21,405.16. Following the transaction, the director owned 108,272 shares in the company, valued at approximately $1,015,591.36. This represents a 2.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ismail Azeri also recently made the following trade(s):

• On Wednesday, May 13th, Ismail Azeri bought 218 shares of CSP stock. The stock was bought at an average price of $9.41 per share, with a total value of $2,051.38.

CSP Stock Up 4.0%

CSPI stock opened at $9.65 on Friday. CSP Inc. has a 12-month low of $7.55 and a 12-month high of $16.59. The company has a market cap of $97.18 million, a price-to-earnings ratio of -965.00 and a beta of 0.80. The company has a 50 day moving average of $8.91 and a two-hundred day moving average of $10.65.

CSP (NASDAQ:CSPI) last released its earnings results on Thursday, May 7th. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter. CSP had a negative net margin of 0.20% and a negative return on equity of 0.25%. The company had revenue of $16.01 million during the quarter.

CSP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.2%. CSP’s dividend payout ratio (DPR) is currently -1,200.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of CSP from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Weiss Ratings upgraded shares of CSP from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of CSP

Institutional investors and hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC boosted its holdings in shares of CSP by 100.2% during the 4th quarter. Segall Bryant & Hamill LLC now owns 38,448 shares of the information technology services provider’s stock worth $481,000 after buying an additional 19,244 shares during the period. Visionary Wealth Advisors lifted its position in CSP by 2.4% during the 4th quarter. Visionary Wealth Advisors now owns 764,888 shares of the information technology services provider’s stock worth $9,561,000 after acquiring an additional 17,728 shares during the last quarter. Wells Fargo & Company MN lifted its position in CSP by 72.6% during the 4th quarter. Wells Fargo & Company MN now owns 7,618 shares of the information technology services provider’s stock worth $95,000 after acquiring an additional 3,204 shares during the last quarter. Geode Capital Management LLC lifted its position in CSP by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 163,385 shares of the information technology services provider’s stock worth $2,043,000 after acquiring an additional 2,739 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in CSP during the 3rd quarter worth $157,000. 26.74% of the stock is currently owned by institutional investors and hedge funds.

About CSP

CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.