Capstone Asset Management Co. lowered its position in shares of Black Box Corp. (NASDAQ:BBOX) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,043 shares of the company’s stock after selling 670 shares during the period. Capstone Asset Management Co.’s holdings in Black Box Corp. were worth $158,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. Uniplan Investment Counsel Inc. raised its stake in Black Box Corp. by 0.3% in the first quarter. Uniplan Investment Counsel Inc. now owns 420,717 shares of the company’s stock worth $5,667,000 after buying an additional 1,317 shares in the last quarter. Algert Global LLC purchased a new stake in Black Box Corp. during the first quarter worth approximately $1,574,000. Bogle Investment Management L P DE raised its stake in Black Box Corp. by 39.9% in the first quarter. Bogle Investment Management L P DE now owns 113,873 shares of the company’s stock worth $1,533,000 after buying an additional 32,453 shares in the last quarter. Prudential Financial Inc. raised its stake in Black Box Corp. by 94.8% in the first quarter. Prudential Financial Inc. now owns 83,058 shares of the company’s stock worth $1,119,000 after buying an additional 40,416 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Black Box Corp. by 67.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 33,587 shares of the company’s stock worth $452,000 after buying an additional 13,487 shares in the last quarter. Institutional investors own 96.86% of the company’s stock.
Black Box Corp. (NASDAQ:BBOX) traded up 1.46% during midday trading on Friday, reaching $13.90. 82,962 shares of the company were exchanged. Black Box Corp. has a 52 week low of $6.51 and a 52 week high of $17.00. The firm’s market capitalization is $210.56 million. The company has a 50-day moving average of $14.04 and a 200 day moving average of $13.58.
Black Box Corp. (NASDAQ:BBOX) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $218.50 million for the quarter, compared to analysts’ expectations of $218.03 million. During the same period last year, the business earned $0.22 earnings per share. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities analysts predict that Black Box Corp. will post $0.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Wednesday, September 28th. Black Box Corp.’s dividend payout ratio (DPR) is currently -4.27%.
Black Box Corp. Company Profile
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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