Dean Capital Investments Management LLC Grows Position in Carbonite Inc (NASDAQ:CARB)

Dean Capital Investments Management LLC raised its position in shares of Carbonite Inc (NASDAQ:CARB) by 32.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,447 shares of the technology company’s stock after buying an additional 9,683 shares during the quarter. Dean Capital Investments Management LLC owned about 0.11% of Carbonite worth $611,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARB. Mascoma Wealth Management LLC bought a new stake in shares of Carbonite during the 2nd quarter worth approximately $44,000. NEXT Financial Group Inc purchased a new position in Carbonite during the 3rd quarter worth $44,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Carbonite during the 2nd quarter worth $78,000. Atria Investments LLC purchased a new position in Carbonite during the 2nd quarter worth $78,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in Carbonite during the 2nd quarter worth $104,000.

Several research analysts recently weighed in on the company. B. Riley set a $35.00 target price on Carbonite and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Craig Hallum downgraded Carbonite from a “buy” rating to a “hold” rating and dropped their target price for the stock from $43.00 to $25.00 in a research note on Friday, July 26th. William Blair restated a “market perform” rating on shares of Carbonite in a research note on Monday. Royal Bank of Canada downgraded Carbonite from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $25.00 to $23.00 in a research note on Monday. Finally, Barclays dropped their target price on Carbonite from $20.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Carbonite has an average rating of “Hold” and an average target price of $25.55.

NASDAQ CARB traded up $0.01 during trading hours on Tuesday, reaching $22.96. The company’s stock had a trading volume of 212,007 shares, compared to its average volume of 579,258. The firm has a market capitalization of $638.29 million, a price-to-earnings ratio of 18.37, a P/E/G ratio of 0.63 and a beta of 0.75. Carbonite Inc has a 1-year low of $11.86 and a 1-year high of $30.06. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50-day moving average is $16.02 and its two-hundred day moving average is $19.64.

Carbonite Profile

Carbonite, Inc, together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States. Its solutions include Carbonite Safe, a cloud backup solution for individuals and businesses that protects customer data from accidental deletions, crashes, ransomware, viruses, and other common threats; and Carbonite Endpoint that protects the data, which resides on an organization's computers, laptops, tablets, and smartphones.

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Institutional Ownership by Quarter for Carbonite (NASDAQ:CARB)

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