Emerald Acquisition Ltd. acquired a new position in shares of Control4 Corp. (NASDAQ:CTRL) during the second quarter, Holdings Channel reports. The fund acquired 61,347 shares of the company’s stock, valued at approximately $501,000. Emerald Acquisition Ltd. owned about 0.26% of Control4 Corp. as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Palisade Capital Management LLC NJ boosted its position in Control4 Corp. by 2.2% in the second quarter. Palisade Capital Management LLC NJ now owns 395,653 shares of the company’s stock worth $3,229,000 after buying an additional 8,415 shares during the last quarter. ClariVest Asset Management LLC boosted its position in Control4 Corp. by 31.3% in the second quarter. ClariVest Asset Management LLC now owns 36,100 shares of the company’s stock worth $294,000 after buying an additional 8,600 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in Control4 Corp. during the second quarter worth $184,000. Genesee Valley Trust Co. boosted its position in Control4 Corp. by 8.3% in the second quarter. Genesee Valley Trust Co. now owns 23,725 shares of the company’s stock worth $194,000 after buying an additional 1,825 shares during the last quarter. Finally, Royal Bank of Canada purchased a new position in Control4 Corp. during the first quarter worth $224,000. 74.84% of the stock is owned by institutional investors.
Control4 Corp. (NASDAQ:CTRL) traded up 0.9891% during midday trading on Wednesday, reaching $12.0884. 16,917 shares of the company traded hands. The firm has a market capitalization of $281.66 million, a price-to-earnings ratio of 37.6586 and a beta of -1.09. Control4 Corp. has a 12 month low of $5.41 and a 12 month high of $12.60. The firm’s 50 day moving average price is $11.58 and its 200 day moving average price is $9.26.
Control4 Corp. (NASDAQ:CTRL) last issued its earnings results on Thursday, August 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. Control4 Corp. had a net margin of 4.22% and a return on equity of 1.15%. The business had revenue of $53.20 million for the quarter, compared to analyst estimates of $50.44 million. During the same period in the previous year, the business earned $0.16 EPS. The firm’s revenue was up 19.3% on a year-over-year basis. On average, analysts expect that Control4 Corp. will post $0.74 earnings per share for the current year.
A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Control4 Corp. from a “strong sell” rating to a “hold” rating in a research report on Friday, October 7th. TheStreet raised shares of Control4 Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Seven equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $8.55.
In other news, SVP Jefferson Dungan sold 20,032 shares of Control4 Corp. stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $10.82, for a total transaction of $216,746.24. Following the sale, the senior vice president now directly owns 48,076 shares in the company, valued at approximately $520,182.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.10% of the company’s stock.
About Control4 Corp.
Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate audio, video, lighting, temperature, security, communications and other functionalities into a unified home-automation solution. The Company’s solution functions as the operating system of the home, making connected devices work together to control, automate and personalize the homes and businesses of its consumers.
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