Pallas Capital Advisors LLC Makes New $263,000 Investment in Cimpress plc (NASDAQ:CMPR)

Pallas Capital Advisors LLC bought a new position in Cimpress plc (NASDAQ:CMPR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,671 shares of the business services provider’s stock, valued at approximately $263,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMPR. Rhumbline Advisers grew its position in Cimpress by 1.1% in the 2nd quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock worth $2,375,000 after purchasing an additional 308 shares during the last quarter. Victory Capital Management Inc. bought a new position in Cimpress in the 2nd quarter worth about $250,000. Envestnet Asset Management Inc. grew its position in Cimpress by 62.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 25,177 shares of the business services provider’s stock worth $2,206,000 after purchasing an additional 9,679 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Cimpress by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider’s stock worth $44,909,000 after purchasing an additional 4,441 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in Cimpress by 64.7% in the 2nd quarter. Hsbc Holdings PLC now owns 5,187 shares of the business services provider’s stock worth $451,000 after purchasing an additional 2,038 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Cimpress Price Performance

NASDAQ CMPR opened at $72.41 on Thursday. Cimpress plc has a 12 month low of $58.05 and a 12 month high of $104.92. The firm has a market capitalization of $1.82 billion, a PE ratio of 12.44, a P/E/G ratio of 0.68 and a beta of 2.09. The company’s 50 day simple moving average is $77.08 and its 200 day simple moving average is $82.69.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.80). The business had revenue of $804.97 million during the quarter, compared to analyst estimates of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same quarter last year, the firm posted $0.17 EPS. Sell-side analysts anticipate that Cimpress plc will post 4.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. StockNews.com lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 9th. Truist Financial lowered their price objective on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Barrington Research reiterated an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research note on Friday, December 20th.

Cimpress Company Profile

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.