Albert E. Smith Buys 8,000 Shares of CDI Corp. (CDI) Stock

CDI Corp. (NYSE:CDI) Director Albert E. Smith acquired 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The shares were bought at an average price of $5.40 per share, with a total value of $43,200.00. Following the acquisition, the director now directly owns 69,272 shares in the company, valued at $374,068.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

CDI Corp. (NYSE:CDI) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.25) by $0.08. CDI Corp. had a negative net margin of 5.27% and a negative return on equity of 4.97%. The business had revenue of $226.70 million for the quarter, compared to analyst estimates of $228.61 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue was down 8.1% on a year-over-year basis.

A number of hedge funds have recently made changes to their positions in CDI. Paloma Partners Management Co acquired a new stake in shares of CDI Corp. during the second quarter valued at approximately $314,000. Emerald Acquisition Ltd. acquired a new stake in shares of CDI Corp. during the second quarter valued at approximately $456,000. Finally, California Public Employees Retirement System boosted its stake in shares of CDI Corp. by 3.3% in the second quarter. California Public Employees Retirement System now owns 112,707 shares of the company’s stock valued at $688,000 after buying an additional 3,600 shares during the last quarter. Institutional investors and hedge funds own 40.85% of the company’s stock.

About CDI Corp.

CDI Corp. provides engineering, information technology and staffing solutions. The Company operates in three segments: Global Engineering and Technology Solutions (GETS), Professional Staffing Services (PSS) and Management Recruiters International (MRI). It provides staffing services through its MRINetwork of franchisees.

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