Chatham Capital Group Inc. bought a new stake in shares of ePlus Inc. (NASDAQ:PLUS) during the second quarter, Holdings Channel reports. The institutional investor bought 7,825 shares of the company’s stock, valued at approximately $640,000.
Several other large investors have also recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of ePlus by 105.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,761 shares of the company’s stock valued at $144,000 after buying an additional 905 shares during the period. Osmium Partners LLC acquired a new position in ePlus during the first quarter worth about $217,000. Zebra Capital Management LLC acquired a new position in ePlus during the first quarter worth about $283,000. Nordea Investment Management AB increased its position in ePlus by 292.2% in the second quarter. Nordea Investment Management AB now owns 7,632 shares of the company’s stock worth $624,000 after buying an additional 5,686 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased its position in ePlus by 212.8% in the first quarter. Landscape Capital Management L.L.C. now owns 9,364 shares of the company’s stock worth $754,000 after buying an additional 6,370 shares during the last quarter. Institutional investors own 84.72% of the company’s stock.
Shares of ePlus Inc. (NASDAQ:PLUS) traded down 0.45% during mid-day trading on Friday, hitting $91.90. The stock had a trading volume of 18,053 shares. The stock’s 50-day moving average is $91.93 and its 200-day moving average is $85.54. ePlus Inc. has a 1-year low of $61.78 and a 1-year high of $109.33. The firm has a market capitalization of $651.85 million, a PE ratio of 14.40 and a beta of 1.03.
A number of research analysts have issued reports on the stock. Canaccord Genuity restated a “buy” rating and set a $110.00 target price on shares of ePlus in a research report on Thursday, August 4th. Zacks Investment Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 27th.
In related news, Director Bruce M. Bowen sold 5,100 shares of ePlus stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $95.00, for a total value of $484,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Phillip G. Norton sold 20,780 shares of ePlus stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $86.66, for a total value of $1,800,794.80. Following the completion of the transaction, the insider now directly owns 38,702 shares in the company, valued at $3,353,915.32. The disclosure for this sale can be found here. 8.20% of the stock is owned by corporate insiders.
ePlus Company Profile
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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