Punch Associates Investment Management buys $11,109,831 stake in Digi International (DGII)

Digi International (DGII) : Punch Associates Investment Management scooped up 89,202 additional shares in Digi International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 1,051,072 shares of Digi International which is valued at $11,109,831.Digi International makes up approximately 1.34% of Punch Associates Investment Management’s portfolio.

Digi International opened for trading at $10.57 and hit $10.84 on the upside on Monday, eventually ending the session at $10.78, with a gain of 1.99% or 0.21 points. The heightened volatility saw the trading volume jump to 1,39,909 shares. Company has a market cap of $278 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in DGII during the most recent quarter. The investment firm sold 10,100 shares of DGII which is valued $94,940.New York State Teachers Retirement System boosted its stake in DGII in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 61,423 shares of Digi International which is valued at $577,376. Simplex Trading sold out all of its stake in DGII during the most recent quarter. The investment firm sold 120 shares of DGII which is valued $1,070. Acadian Asset Management sold out all of its stake in DGII during the most recent quarter. The investment firm sold 38,711 shares of DGII which is valued $345,302.

On the company’s financial health, Digi International reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.05. The company had revenue of $50.16 million for the quarter, compared to analysts expectations of $49.02 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.

Digi International Inc. (Digi) is a provider of machine-to-machine (M2M) networking hardware and solutions. The Company’s solutions are aimed at connection monitoring and control of local or remote physical assets by electronic means. The networking products and solutions can connect communication hardware to a physical asset convey information about the asset’s status and performance to a computer system and then use that information to improve or automate one or more processes. Digi’s solutions are used in wireless networks as wireless networking technologies. The Company’s solutions portfolio includes wireless and wired hardware products and services and solutions including professional consulting services product design and development services the Device Cloud by Etherios (Device Cloud) which is a platform as-a-service (PAAS) offering and application development services.

Leave a Reply

Digi International - Is it time to Sell?

Top Brokerage Firms are advising their investors on Digi International. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.