Marathon Capital Management buys $7.4 Million stake in CUI Global Inc (CUI)

CUI Global Inc (CUI) : Marathon Capital Management scooped up 7,250 additional shares in CUI Global Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,229,787 shares of CUI Global Inc which is valued at $7.4 Million.CUI Global Inc makes up approximately 3.77% of Marathon Capital Management’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in CUI in the latest quarter, The investment management firm added 43,000 additional shares and now holds a total of 77,700 shares of CUI Global Inc which is valued at $466,200. Blackrock Group Ltd added CUI to its portfolio by purchasing 70,853 company shares during the most recent quarter which is valued at $425,118.Blackrock Investment Management reduced its stake in CUI by selling 137 shares or 3.85% in the most recent quarter. The Hedge Fund company now holds 3,423 shares of CUI which is valued at $20,538.Heartland Advisors Inc reduced its stake in CUI by selling 15,800 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 1,912,723 shares of CUI which is valued at $15.2 Million. CUI Global Inc makes up approx 0.80% of Heartland Advisors Inc’s portfolio.

CUI Global Inc closed down -0.06 points or -0.99% at $6 with 65,617 shares getting traded on Wednesday. Post opening the session at $6.09, the shares hit an intraday low of $5.87 and an intraday high of $6.17 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, CUI Global Inc reported $-0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $-0.04. The company had revenue of $20.70 million for the quarter, compared to analysts expectations of $22.70 million. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.20 EPS.

Many Wall Street Analysts have commented on CUI Global Inc. Shares were Reiterated by Dougherty & Company on May 11, 2016 to “Buy” and Lowered the Price Target to $ 9 from a previous price target of $10 .

CUI Global Inc. is a technology company. The Company operates through its three subsidiaries: CUI Inc. CUI Japan and Orbital Gas Systems Limited (Orbital). The Company operates through three segments: Power and Electro-Mechanical Gas and Other. CUI Inc. and CUI Japan are providers of electronic components including power supplies transformers converters connectors and industrial controls for Original Equipment Manufacturers (OEMs). Orbital is a natural gas systems integrator in the United Kingdom. The Company’s Power and Electro-Mechanical segment is focused on the operations of CUI Inc. and CUI Japan for the sale of internal and external power supplies and related components industrial controls and test and measurement devices. The Company’s Gas segment is focused on the operations of Orbital Gas Systems Limited which includes gas related test and measurement systems including the GasPT2.

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