Mesirow Financial Investment Management Inc. Has $281,000 Position in Cantaloupe, Inc. (NASDAQ:CTLP)

Mesirow Financial Investment Management Inc. decreased its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 17.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,035 shares of the technology company’s stock after selling 8,242 shares during the period. Mesirow Financial Investment Management Inc. owned approximately 0.05% of Cantaloupe worth $281,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Susquehanna Fundamental Investments LLC raised its holdings in shares of Cantaloupe by 53.2% in the 1st quarter. Susquehanna Fundamental Investments LLC now owns 50,333 shares of the technology company’s stock worth $324,000 after acquiring an additional 17,479 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Cantaloupe by 11.4% in the first quarter. Jupiter Asset Management Ltd. now owns 34,558 shares of the technology company’s stock worth $222,000 after purchasing an additional 3,536 shares during the last quarter. Archon Capital Management LLC lifted its holdings in shares of Cantaloupe by 8.2% in the first quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company’s stock valued at $9,221,000 after purchasing an additional 108,423 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Cantaloupe by 23.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock valued at $111,000 after buying an additional 3,197 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Cantaloupe by 152.7% during the first quarter. Janus Henderson Group PLC now owns 99,321 shares of the technology company’s stock worth $638,000 after buying an additional 60,013 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Cantaloupe Trading Down 0.4 %

NASDAQ CTLP opened at $9.19 on Wednesday. The business’s fifty day moving average is $7.98 and its 200-day moving average is $7.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.49 and a quick ratio of 1.10. The stock has a market capitalization of $670.78 million, a price-to-earnings ratio of 54.30 and a beta of 1.68. Cantaloupe, Inc. has a one year low of $5.74 and a one year high of $9.67.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $70.84 million for the quarter, compared to analyst estimates of $70.54 million. Cantaloupe had a net margin of 4.90% and a return on equity of 7.62%. During the same quarter in the previous year, the firm posted $0.02 earnings per share. Equities research analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling

In other news, CEO Ravi Venkatesan acquired 8,000 shares of Cantaloupe stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $6.30 per share, with a total value of $50,400.00. Following the completion of the acquisition, the chief executive officer now owns 136,658 shares in the company, valued at approximately $860,945.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cantaloupe news, CEO Ravi Venkatesan acquired 8,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were acquired at an average cost of $6.30 per share, with a total value of $50,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 136,658 shares in the company, valued at $860,945.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas Bergeron bought 36,000 shares of the business’s stock in a transaction on Monday, September 30th. The shares were acquired at an average price of $7.41 per share, with a total value of $266,760.00. Following the transaction, the director now directly owns 462,319 shares of the company’s stock, valued at approximately $3,425,783.79. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 57,866 shares of company stock valued at $416,302. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Craig Hallum cut their price objective on shares of Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Benchmark boosted their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Northland Securities increased their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Barrington Research reissued an “outperform” rating and set a $10.00 target price on shares of Cantaloupe in a research report on Monday, November 4th.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.