Falcon Point Capital buys $17,221,321 stake in CalAmp Corp. (CAMP)

CalAmp Corp. (CAMP) : Falcon Point Capital scooped up 252,417 additional shares in CalAmp Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 990,870 shares of CalAmp Corp. which is valued at $17,221,321.CalAmp Corp. makes up approximately 3.03% of Falcon Point Capital’s portfolio.

CalAmp Corp. closed down -0.12 points or -0.77% at $15.44 with 12,34,910 shares getting traded on Wednesday. Post opening the session at $15.48, the shares hit an intraday low of $15.3 and an intraday high of $15.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Simplex Trading added CAMP to its portfolio by purchasing 5,660 company shares during the most recent quarter which is valued at $98,371. CalAmp Corp. makes up approx 0.02% of Simplex Trading’s portfolio. Independent Portfolio Consultants added CAMP to its portfolio by purchasing 18,160 company shares during the most recent quarter which is valued at $315,621. CalAmp Corp. makes up approx 0.09% of Independent Portfolio Consultants’s portfolio.Capstone Asset Management Co reduced its stake in CAMP by selling 580 shares or 5.31% in the most recent quarter. The Hedge Fund company now holds 10,340 shares of CAMP which is valued at $179,709. CalAmp Corp. makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Eagle Boston Investment Management Inc added CAMP to its portfolio by purchasing 145,075 company shares during the most recent quarter which is valued at $2,512,699. CalAmp Corp. makes up approx 0.35% of Eagle Boston Investment Management Inc’s portfolio.Creative Planning boosted its stake in CAMP in the latest quarter, The investment management firm added 4,242 additional shares and now holds a total of 8,217 shares of CalAmp Corp. which is valued at $142,318.

On the company’s financial health, CalAmp Corp. reported $0.32 EPS for the quarter, based on the information available during the earnings call on Apr 19, 2016. Analyst had a consensus estimate of $0.32. The company had revenue of $70.80 million for the quarter, compared to analysts expectations of $71.05 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Many Wall Street Analysts have commented on CalAmp Corp.. Shares were Reiterated by Craig Hallum on Apr 20, 2016 to “Buy” and Lowered the Price Target to $ 21 from a previous price target of $24 .CalAmp Corp. was Downgraded by Sidoti to ” Neutral” on Mar 22, 2016.

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company has two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere. The Company’s MRM and M2M solutions collect monitor and report data and intelligence from remote and mobile assets. It delivers products software services and solutions for energy government transportation and automotive vertical markets. The Company’s Satellite segment develops manufactures and sells direct-broadcast satellite (DBS) outdoor customer premise equipment and whole home video networking devices providing the delivery of digital and high definition satellite television services.

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