Sanctuary Advisors LLC Invests $569,000 in Pitney Bowes Inc. (NYSE:PBI)

Sanctuary Advisors LLC bought a new position in shares of Pitney Bowes Inc. (NYSE:PBI) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 79,848 shares of the technology company’s stock, valued at approximately $569,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in Pitney Bowes during the second quarter worth approximately $48,000. Point72 DIFC Ltd boosted its position in Pitney Bowes by 218.0% during the 2nd quarter. Point72 DIFC Ltd now owns 11,405 shares of the technology company’s stock worth $58,000 after purchasing an additional 7,819 shares during the period. Quarry LP increased its holdings in Pitney Bowes by 889.2% in the 3rd quarter. Quarry LP now owns 8,319 shares of the technology company’s stock valued at $59,000 after purchasing an additional 7,478 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Pitney Bowes during the third quarter worth about $86,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Pitney Bowes in the second quarter valued at about $97,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Pitney Bowes Stock Performance

Pitney Bowes stock opened at $7.36 on Thursday. The firm has a market capitalization of $1.34 billion, a PE ratio of -3.38, a price-to-earnings-growth ratio of 1.35 and a beta of 1.97. Pitney Bowes Inc. has a one year low of $3.68 and a one year high of $8.80. The stock’s 50 day moving average price is $7.58 and its 200 day moving average price is $6.86.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Friday, November 8th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08. The firm had revenue of $499.46 million for the quarter, compared to the consensus estimate of $467.80 million. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%. On average, analysts forecast that Pitney Bowes Inc. will post 0.38 earnings per share for the current fiscal year.

Pitney Bowes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Monday, November 18th. Pitney Bowes’s dividend payout ratio is currently -9.17%.

Insider Buying and Selling at Pitney Bowes

In other Pitney Bowes news, EVP Lauren Freemen-Bosworth sold 42,308 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $8.12, for a total transaction of $343,540.96. Following the completion of the transaction, the executive vice president now directly owns 18,664 shares of the company’s stock, valued at $151,551.68. This trade represents a 69.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Evans bought 29,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $7.80 per share, with a total value of $226,200.00. Following the transaction, the director now directly owns 29,000 shares in the company, valued at approximately $226,200. The trade was a ? increase in their position. The disclosure for this purchase can be found here. 14.30% of the stock is owned by insiders.

About Pitney Bowes

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.