Dean Capital Investments Management LLC Boosts Stock Position in Mimecast Ltd (NASDAQ:MIME)

Dean Capital Investments Management LLC raised its stake in Mimecast Ltd (NASDAQ:MIME) by 22.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,405 shares of the technology company’s stock after purchasing an additional 3,334 shares during the period. Dean Capital Investments Management LLC’s holdings in Mimecast were worth $657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Calamos Advisors LLC purchased a new position in Mimecast in the second quarter valued at about $1,048,000. Athanor Capital LP purchased a new stake in shares of Mimecast during the second quarter worth about $3,578,000. Mirador Capital Partners LP purchased a new stake in shares of Mimecast during the second quarter worth about $647,000. Roundview Capital LLC grew its stake in shares of Mimecast by 29.3% during the second quarter. Roundview Capital LLC now owns 26,936 shares of the technology company’s stock worth $1,258,000 after acquiring an additional 6,100 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Mimecast by 76.6% during the second quarter. Catalyst Capital Advisors LLC now owns 24,200 shares of the technology company’s stock worth $1,130,000 after acquiring an additional 10,500 shares during the last quarter. Institutional investors own 71.87% of the company’s stock.

In other news, CEO Peter Bauer sold 27,500 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $43.30, for a total value of $1,190,750.00. Following the completion of the transaction, the chief executive officer now directly owns 225,000 shares of the company’s stock, valued at $9,742,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Neil Murray sold 35,000 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $38.78, for a total value of $1,357,300.00. Following the completion of the transaction, the director now directly owns 1,737,245 shares of the company’s stock, valued at $67,370,361.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 333,572 shares of company stock valued at $13,863,674. Insiders own 11.60% of the company’s stock.

A number of brokerages have recently weighed in on MIME. Needham & Company LLC restated a “buy” rating and set a $65.00 price target on shares of Mimecast in a research note on Friday. BMO Capital Markets restated an “outperform” rating and set a $53.00 price target on shares of Mimecast in a research note on Friday. Robert W. Baird restated a “buy” rating and set a $58.00 price target on shares of Mimecast in a research note on Friday. Wedbush dropped their price target on Mimecast from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Finally, Dougherty & Co lowered Mimecast from a “buy” rating to a “neutral” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.19.

Shares of Mimecast stock traded down $0.58 on Tuesday, reaching $42.99. 3,320 shares of the stock were exchanged, compared to its average volume of 606,637. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.45. Mimecast Ltd has a twelve month low of $29.67 and a twelve month high of $54.57. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of -613.71, a PEG ratio of 68.73 and a beta of 1.18. The business has a 50 day moving average price of $38.76 and a two-hundred day moving average price of $44.00.

Mimecast (NASDAQ:MIME) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. The business had revenue of $103.36 million during the quarter, compared to analysts’ expectations of $101.63 million. Mimecast had a negative return on equity of 0.82% and a negative net margin of 1.67%. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS. Research analysts forecast that Mimecast Ltd will post 0.03 EPS for the current year.

Mimecast Profile

Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.

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Institutional Ownership by Quarter for Mimecast (NASDAQ:MIME)

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