WealthTrust Axiom LLC continued to hold its stake in shares of Perceptron Inc. (NASDAQ:PRCP) during the second quarter, Holdings Channel reports. The firm owned 34,544 shares of the company’s stock at the end of the second quarter. WealthTrust Axiom LLC’s holdings in Perceptron were worth $161,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of PRCP. Jacobs Levy Equity Management Inc. acquired a new position in Perceptron during the first quarter worth $246,000. Punch & Associates Investment Management Inc. boosted its position in Perceptron by 14.4% in the second quarter. Punch & Associates Investment Management Inc. now owns 262,000 shares of the company’s stock worth $1,226,000 after buying an additional 33,000 shares in the last quarter. Renaissance Technologies LLC boosted its position in Perceptron by 3.2% in the first quarter. Renaissance Technologies LLC now owns 508,094 shares of the company’s stock worth $2,464,000 after buying an additional 15,594 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Perceptron by 2.9% in the first quarter. Royce & Associates LP now owns 1,168,526 shares of the company’s stock worth $5,667,000 after buying an additional 32,646 shares in the last quarter. 70.43% of the stock is owned by institutional investors and hedge funds.
Shares of Perceptron Inc. (NASDAQ:PRCP) traded down 2.99% during trading on Wednesday, reaching $6.50. The company had a trading volume of 10,723 shares. Perceptron Inc. has a 52 week low of $4.18 and a 52 week high of $9.12. The firm’s market capitalization is $60.91 million. The firm has a 50-day moving average of $6.52 and a 200 day moving average of $5.23.
Perceptron (NASDAQ:PRCP) last released its earnings results on Tuesday, August 30th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.12. The firm earned $18.70 million during the quarter, compared to analyst estimates of $17.35 million. Perceptron had a negative return on equity of 7.88% and a negative net margin of 31.99%. On average, equities research analysts forecast that Perceptron Inc. will post $0.15 earnings per share for the current year.
PRCP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Perceptron from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Saturday, July 16th. Canaccord Genuity reiterated a “buy” rating and set a $8.00 price target on shares of Perceptron in a report on Wednesday, August 31st. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $8.13.
Perceptron Company Profile
Perceptron, Inc (Perceptron) develops, produces and sells a range of automated industrial dimensional inspection and three-dimensional (3D) scanning products. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning, and advanced analysis software.
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