Millennium Management LLC Acquires 4,659 Shares of CSP Inc. (NASDAQ:CSPI)

Millennium Management LLC raised its holdings in shares of CSP Inc. (NASDAQ:CSPI) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,570 shares of the information technology services provider’s stock after acquiring an additional 4,659 shares during the quarter. Millennium Management LLC owned about 0.29% of CSP worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Navellier & Associates Inc. raised its holdings in CSP by 61.9% during the 4th quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider’s stock valued at $990,000 after acquiring an additional 23,550 shares during the period. Northern Trust Corp grew its position in shares of CSP by 39.9% during the 4th quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider’s stock valued at $624,000 after purchasing an additional 11,075 shares in the last quarter. 683 Capital Management LLC purchased a new position in shares of CSP during the 4th quarter valued at $321,000. Finally, Jane Street Group LLC purchased a new position in shares of CSP during the 4th quarter valued at $256,000. Institutional investors own 26.74% of the company’s stock.

CSP Price Performance

CSPI opened at $11.85 on Tuesday. The company has a fifty day moving average price of $15.25 and a 200-day moving average price of $16.36. The firm has a market capitalization of $116.88 million, a P/E ratio of 1,186.19 and a beta of 0.91. CSP Inc. has a one year low of $10.76 and a one year high of $21.95.

CSP (NASDAQ:CSPI) last released its quarterly earnings results on Wednesday, May 14th. The information technology services provider reported ($0.01) EPS for the quarter. CSP had a net margin of 0.14% and a return on equity of 0.17%.

CSP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.01%. CSP’s dividend payout ratio (DPR) is currently -75.00%.

About CSP

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.