Penbrook Management Lowers stake in Control4 Corp (CTRL)

Control4 Corp (CTRL) : Penbrook Management reduced its stake in Control4 Corp by 13.42% during the most recent quarter end. The investment management company now holds a total of 23,225 shares of Control4 Corp which is valued at $169,310 after selling 3,600 shares in Control4 Corp , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Control4 Corp makes up approximately 0.18% of Penbrook Management’s portfolio.

Control4 Corp opened for trading at $7.48 and hit $7.65 on the upside on Wednesday, eventually ending the session at $7.56, with a gain of 0.53% or 0.04 points. The heightened volatility saw the trading volume jump to 59,370 shares. Company has a market cap of $177 M.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in CTRL during the most recent quarter. The investment firm sold 8,538 shares of CTRL which is valued $65,913.Skylands Capital boosted its stake in CTRL in the latest quarter, The investment management firm added 129,050 additional shares and now holds a total of 399,550 shares of Control4 Corp which is valued at $3,084,526. Control4 Corp makes up approx 0.49% of Skylands Capital’s portfolio. Integral Derivatives added CTRL to its portfolio by purchasing 55,029 company shares during the most recent quarter which is valued at $424,824. Control4 Corp makes up approx 0.17% of Integral Derivatives’s portfolio.

On the company’s financial health, Control4 Corp reported $0.07 EPS for the quarter, based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus estimate of $0.07. The company had revenue of $42.90 million for the quarter, compared to analysts expectations of $42.67 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate music video lighting temperature security communications and other functionalities into a unified home automation solution. The Company’s solution functions as the operating system of the home making connected devices work together to control automate and personalize the homes of its consumers. The Control4 product line includes the Control4 Home Operating System (C4 OS) and the associated application software and software development kits (SDKs). The software components include Director Navigator Composer Express Composer Professional Edition Composer Home Edition and Composer Media Edition DriverWorks SDK and Navigator SDK and Application SDK.

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