Black Box Corp. (NASDAQ:BBOX) declared a quarterly dividend on Tuesday, August 2nd. Shareholders of record on Friday, September 30th will be paid a dividend of 0.12 per share on Friday, October 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, September 28th.
A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in shares of Black Box Corp. by 81.4% in the second quarter. AQR Capital Management LLC now owns 279,995 shares of the company’s stock valued at $3,662,000 after buying an additional 125,646 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Black Box Corp. by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,262,610 shares of the company’s stock valued at $16,514,000 after buying an additional 58,524 shares during the period. Spark Investment Management LLC purchased a new position in Black Box Corp. during the second quarter valued at approximately $604,000. Highbridge Capital Management LLC purchased a new position in Black Box Corp. during the second quarter valued at approximately $383,000. Finally, Globeflex Capital L P boosted its position in Black Box Corp. by 26,155.9% in the second quarter. Globeflex Capital L P now owns 29,144 shares of the company’s stock valued at $381,000 after buying an additional 29,033 shares during the period. Hedge funds and other institutional investors own 96.86% of the company’s stock.
Black Box Corp. (NASDAQ:BBOX) opened at 14.49 on Friday. The firm’s 50-day moving average price is $14.01 and its 200-day moving average price is $13.56. Black Box Corp. has a 12 month low of $6.51 and a 12 month high of $17.00. The firm’s market cap is $219.49 million.
Black Box Corp. (NASDAQ:BBOX) last announced its earnings results on Tuesday, August 2nd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.09. Black Box Corp. had a negative net margin of 19.10% and a positive return on equity of 8.73%. The business had revenue of $218.50 million for the quarter, compared to the consensus estimate of $218.03 million. During the same quarter in the previous year, the company earned $0.22 EPS. Black Box Corp.’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts predict that Black Box Corp. will post $0.75 earnings per share for the current year.
About Black Box Corp.
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.
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