Navellier & Associates Inc. Raises Holdings in CSP Inc. (NASDAQ:CSPI)

Navellier & Associates Inc. lifted its holdings in shares of CSP Inc. (NASDAQ:CSPI) by 61.9% in the fourth quarter, HoldingsChannel reports. The firm owned 61,576 shares of the information technology services provider’s stock after acquiring an additional 23,550 shares during the period. Navellier & Associates Inc.’s holdings in CSP were worth $990,000 at the end of the most recent reporting period.

Separately, Barclays PLC purchased a new position in shares of CSP during the 3rd quarter worth approximately $104,000. 26.74% of the stock is currently owned by institutional investors.

CSP Price Performance

Shares of CSPI opened at $17.31 on Friday. The firm has a 50 day simple moving average of $17.39 and a 200-day simple moving average of $15.01. CSP Inc. has a 1-year low of $10.76 and a 1-year high of $29.92. The stock has a market cap of $171.02 million, a price-to-earnings ratio of 1,732.73 and a beta of 1.47.

CSP (NASDAQ:CSPI) last issued its quarterly earnings data on Monday, February 10th. The information technology services provider reported $0.05 earnings per share for the quarter. CSP had a net margin of 0.14% and a return on equity of 0.17%.

CSP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be paid a $0.03 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.12 annualized dividend and a yield of 0.69%. CSP’s payout ratio is currently 1,201.20%.

CSP Profile

CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.