Elberon adds Tangoe Inc (TNGO) to its portfolio

Tangoe Inc (TNGO) : Elberon added new position in Tangoe Inc during the most recent quarter end. The investment management firm now holds 119,000 shares of Tangoe Inc which is valued at $1,120,980 , the company said in a statement filed on Nov 14, 2016 with the SEC.Tangoe Inc makes up approximately 2.43% of Elberon’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in TNGO by selling 82,723 shares or 50.61% in the most recent quarter. The Hedge Fund company now holds 80,723 shares of TNGO which is valued at $760,411.Dimensional Fund Advisors Lp reduced its stake in TNGO by selling 191 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 270,161 shares of TNGO which is valued at $2,331,489.California State Teachers Retirement System boosted its stake in TNGO in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 58,365 shares of Tangoe Inc which is valued at $502,523. Tower Research Capital (trc) added TNGO to its portfolio by purchasing 1,047 company shares during the most recent quarter which is valued at $8,669.Nationwide Fund Advisors reduced its stake in TNGO by selling 7,895 shares or 3.43% in the most recent quarter. The Hedge Fund company now holds 222,328 shares of TNGO which is valued at $1,843,099. Tangoe Inc makes up approx 0.01% of Nationwide Fund Advisors’s portfolio.

Tangoe Inc opened for trading at $8.19 and hit $8.39 on the upside on Monday, eventually ending the session at $8.16, with a gain of 0.12% or 0.01 points. The heightened volatility saw the trading volume jump to 4,49,060 shares. Company has a market cap of $322 M.

On the company’s financial health, Tangoe Inc reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Nov 5, 2015. Analyst had a consensus of $0.11. The company had revenue of $56.60 million for the quarter, compared to analysts expectations of $58.43 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Tangoe Inc. (Tangoe) is a global provider of connection lifecycle management (CLM) software and services to a range of enterprises and service providers. CLM covers the entire spectrum of an enterprise’s connection-based assets and services such as voice and data services mobile devices and usage cloud software infrastructure and services machine-to-machine connections enterprise social and information technology connections and encompasses the entire lifecycle of these assets and services including planning and sourcing procurement and provisioning inventory and usage management mobile device management (MDM) real-time telecommunications expense management (rTEM) invoice processing and payment expense allocation and accounting and asset decommissioning and disposal. The Company’s on-demand Matrix Solution Suite includes software components in categories including asset management expense management usage management and analytics.

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