Digi International (DGII) : Springbank Value Partners Lp added new position in Digi International during the most recent quarter end. The investment management firm now holds 1,000 shares of Digi International which is valued at $11,160 , the company said in a statement filed on Aug 1, 2016 with the SEC.Digi International makes up approximately 0.02% of Springbank Value Partners Lp’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in DGII in the latest quarter, The investment management firm added 1,592 additional shares and now holds a total of 54,345 shares of Digi International which is valued at $606,490.Wedge Capital Management L L Pnc reduced its stake in DGII by selling 33,800 shares or 41.64% in the most recent quarter. The Hedge Fund company now holds 47,366 shares of DGII which is valued at $526,236. Digi International makes up approx 0.01% of Wedge Capital Management L L Pnc’s portfolio.Huntington National Bank reduced its stake in DGII by selling 614 shares or 17.18% in the most recent quarter. The Hedge Fund company now holds 2,959 shares of DGII which is valued at $33,437.
Digi International opened for trading at $11.07 and hit $11.42 on the upside on Thursday, eventually ending the session at $11.33, with a gain of 1.52% or 0.17 points. The heightened volatility saw the trading volume jump to 55,639 shares. Company has a market cap of $293 M.
On the company’s financial health, Digi International reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.10. The company had revenue of $52.13 million for the quarter, compared to analysts expectations of $52.60 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
Digi International Inc. (Digi) is a provider of machine-to-machine (M2M) networking hardware and solutions. The Companys 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. Digis solutions are used in wireless networks as wireless networking technologies. The Companys 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.