Menta Capital LLC Buys 50,845 Shares of AudioCodes Ltd. (AUDC)

Menta Capital LLC increased its stake in AudioCodes Ltd. (NASDAQ:AUDC) by 80.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 113,787 shares of the communications equipment provider’s stock after buying an additional 50,845 shares during the period. Menta Capital LLC owned 0.39% of AudioCodes worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AUDC. BlackRock Inc. grew its stake in shares of AudioCodes by 119.4% in the 4th quarter. BlackRock Inc. now owns 6,061 shares of the communications equipment provider’s stock worth $60,000 after buying an additional 3,299 shares during the last quarter. RHS Financial LLC purchased a new stake in AudioCodes during the 4th quarter valued at $130,000. Caxton Associates LP bought a new position in shares of AudioCodes during the 3rd quarter valued at $135,000. Jane Street Group LLC bought a new position in shares of AudioCodes during the 3rd quarter valued at $142,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of AudioCodes during the 3rd quarter valued at $160,000. Institutional investors own 31.87% of the company’s stock.

AUDC has been the topic of several research analyst reports. BidaskClub cut AudioCodes from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Northland Securities set a $7.00 price target on AudioCodes and gave the company a “hold” rating in a report on Thursday, December 20th. Finally, ValuEngine raised AudioCodes from a “hold” rating to a “buy” rating in a report on Friday, January 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $9.00.

Shares of NASDAQ AUDC traded down $0.19 during midday trading on Thursday, hitting $13.09. 2,222 shares of the stock traded hands, compared to its average volume of 181,144. The stock has a market capitalization of $389.64 million, a price-to-earnings ratio of 22.93 and a beta of 0.76. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.12 and a quick ratio of 1.67. AudioCodes Ltd. has a one year low of $6.62 and a one year high of $14.96.

AudioCodes (NASDAQ:AUDC) last announced its earnings results on Monday, January 28th. The communications equipment provider reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. AudioCodes had a return on equity of 18.10% and a net margin of 7.66%. The company had revenue of $45.78 million for the quarter.

The business also recently announced an annual dividend, which was paid on Tuesday, February 19th. Investors of record on Thursday, February 7th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, February 6th. This represents a yield of 0.74%.

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AudioCodes Profile

AudioCodes Ltd. designs, develops, and sells voice over IP (VoIP), converged VoIP, and data networking products and applications for enterprise unified communications, contact centers, service provider business services, mobile VoIP, and cloud virtualized data centers worldwide. The company's products include IP phones, session border controllers (SBC), media gateways, multi-service business routers, huddle room solutions, managed IP Phones, and survivable branch appliances; CloudBond 365, an adaptable solution for the data center; CloudBond 365 CCE appliances; User Management Pack 365, a software management application; VoIP management and routing, a suite of lifecycle applications for large scale cloud or premises-based unified communications deployments; MobilityPLUS, a mobile VoIP solution; VocaNOM call routing products; SmartTAP call recording products; Auto Attendant, a tool for managing inbound calls and delivery services; Fax Server, a tool for managing inbound and outbound enterprise fax transmissions; SIP Phone Support, a value-added application for SBC and gateways; signal processor chips; communications boards; and voice and data logging hardware integration board products.

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Institutional Ownership by Quarter for AudioCodes (NASDAQ:AUDC)

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