Digi International Inc. (NASDAQ:DGII) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors boosted its holdings in shares of Digi International Inc. (NASDAQ:DGII) by 13.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,338 shares of the technology company’s stock after purchasing an additional 2,418 shares during the period. Captrust Financial Advisors owned approximately 0.06% of Digi International worth $560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in Digi International by 92.5% during the second quarter. SG Americas Securities LLC now owns 8,140 shares of the technology company’s stock valued at $187,000 after purchasing an additional 3,911 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in Digi International during the second quarter valued at approximately $498,000. BNP Paribas Financial Markets lifted its stake in Digi International by 51.8% during the third quarter. BNP Paribas Financial Markets now owns 24,129 shares of the technology company’s stock valued at $664,000 after purchasing an additional 8,235 shares during the last quarter. Rhumbline Advisers lifted its stake in Digi International by 6.7% during the second quarter. Rhumbline Advisers now owns 114,584 shares of the technology company’s stock valued at $2,627,000 after purchasing an additional 7,208 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Digi International by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 312,765 shares of the technology company’s stock valued at $7,172,000 after purchasing an additional 6,534 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Digi International Stock Up 0.9 %

DGII stock opened at $33.88 on Thursday. Digi International Inc. has a 52-week low of $20.17 and a 52-week high of $34.44. The company’s 50 day simple moving average is $31.20 and its 200-day simple moving average is $27.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.73 and a quick ratio of 1.13. The firm has a market capitalization of $1.24 billion, a P/E ratio of 55.54, a P/E/G ratio of 1.16 and a beta of 1.05.

Digi International (NASDAQ:DGII) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. The firm had revenue of $105.05 million for the quarter, compared to analyst estimates of $104.16 million. Digi International had a net margin of 5.31% and a return on equity of 11.24%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 EPS. As a group, equities research analysts anticipate that Digi International Inc. will post 1.65 EPS for the current year.

Wall Street Analysts Forecast Growth

DGII has been the subject of several recent research reports. Piper Sandler increased their target price on shares of Digi International from $26.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Craig Hallum restated a “hold” rating and set a $32.00 price target (up previously from $28.00) on shares of Digi International in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Digi International has an average rating of “Moderate Buy” and a consensus price target of $36.75.

Insider Buying and Selling at Digi International

In other Digi International news, Director Satbir Khanuja sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $31.76, for a total value of $222,320.00. Following the completion of the sale, the director now directly owns 83,255 shares of the company’s stock, valued at $2,644,178.80. The trade was a 7.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Terrence G. Schneider sold 2,808 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $33.06, for a total transaction of $92,832.48. Following the completion of the sale, the vice president now directly owns 39,002 shares of the company’s stock, valued at $1,289,406.12. This represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,329 shares of company stock worth $332,361. 4.10% of the stock is currently owned by company insiders.

Digi International Profile

Digi International Inc provides business and mission-critical Internet of Things (IoT) products, services, and solutions in the United States, Europe, the Middle East, Africa, and internationally. The company operates in two segments, IoT Products & Services, and IoT Solutions. It offers cellular routers for mission-critical wireless connectivity; cellular modules to embed cellular communications abilities into the products to deploy and manage intelligent and secure cellular connected products; console servers to provide secure and remote access to network equipment in data centers and at edge locations; and radio frequency products, including embedded wireless modules, off-the-shelf gateways, modems, and adapters under the Digi XBee brand.