Quarry LP Makes New $26,000 Investment in Cantaloupe, Inc. (NASDAQ:CTLP)

Quarry LP bought a new stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,522 shares of the technology company’s stock, valued at approximately $26,000.

Other institutional investors have also recently made changes to their positions in the company. ClariVest Asset Management LLC lifted its position in Cantaloupe by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 112,469 shares of the technology company’s stock valued at $742,000 after purchasing an additional 3,011 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Cantaloupe by 23.0% during the 1st 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. The Manufacturers Life Insurance Company lifted its holdings in shares of Cantaloupe by 15.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock valued at $159,000 after buying an additional 3,210 shares during the period. Susquehanna Fundamental Investments LLC boosted its stake in shares of Cantaloupe by 7.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 54,023 shares of the technology company’s stock worth $357,000 after buying an additional 3,690 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of Cantaloupe by 34.0% in the third quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock worth $116,000 after acquiring an additional 3,975 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Down 0.4 %

CTLP stock opened at $9.30 on Friday. The business’s 50-day moving average price is $9.04 and its 200-day moving average price is $7.64. The stock has a market cap of $678.77 million, a P/E ratio of 54.71 and a beta of 1.66. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. Cantaloupe, Inc. has a twelve month low of $5.74 and a twelve month high of $9.73.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. During the same period in the prior year, the business posted $0.02 earnings per share. On average, equities research analysts forecast that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling at Cantaloupe

In other Cantaloupe news, Director Douglas Bergeron acquired 36,000 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was purchased at an average price of $7.41 per share, with a total value of $266,760.00. Following the completion of the purchase, the director now directly owns 462,319 shares in the company, valued at approximately $3,425,783.79. The trade was a 8.44 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

CTLP has been the topic of several research reports. Craig Hallum dropped their target price on Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a report on Monday, November 4th. Northland Securities upped their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, Benchmark lifted their price target on shares of Cantaloupe from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Cantaloupe Profile

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.