Renaissance Technologies LLC Sells 54,579 Shares of CSP Inc. (NASDAQ:CSPI)

Renaissance Technologies LLC lowered its position in CSP Inc. (NASDAQ:CSPI) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 339,347 shares of the information technology services provider’s stock after selling 54,579 shares during the period. Renaissance Technologies LLC owned approximately 3.43% of CSP worth $5,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Navellier & Associates Inc. lifted its stake in shares of CSP by 61.9% during the 4th quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider’s stock worth $990,000 after acquiring an additional 23,550 shares during the last quarter. Barclays PLC purchased a new stake in shares of CSP during the third quarter valued at $104,000. Finally, Copeland Capital Management LLC grew its holdings in shares of CSP by 39.2% in the fourth quarter. Copeland Capital Management LLC now owns 4,532 shares of the information technology services provider’s stock worth $73,000 after purchasing an additional 1,277 shares during the last quarter. Hedge funds and other institutional investors own 26.74% of the company’s stock.

CSP Price Performance

Shares of CSPI opened at $15.45 on Monday. The firm has a market capitalization of $152.65 million, a price-to-earnings ratio of 1,546.55 and a beta of 1.22. The company has a 50-day moving average of $16.10 and a 200 day moving average of $15.72. CSP Inc. has a 1-year low of $10.76 and a 1-year high of $21.95.

CSP (NASDAQ:CSPI) last announced its quarterly earnings results on Monday, February 10th. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter. CSP had a return on equity of 0.17% and a net margin of 0.14%.

CSP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were paid a dividend of $0.03 per share. The ex-dividend date was Monday, February 24th. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. CSP’s dividend payout ratio is currently 1,200.00%.

CSP Profile

CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.