CSP Inc. $CSPI Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its stake in shares of CSP Inc. (NASDAQ:CSPI) by 26.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,705 shares of the information technology services provider’s stock after selling 9,051 shares during the quarter. American Century Companies Inc. owned about 0.25% of CSP worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Visionary Wealth Advisors grew its holdings in CSP by 15.4% in the 4th quarter. Visionary Wealth Advisors now owns 766,842 shares of the information technology services provider’s stock worth $12,323,000 after buying an additional 102,544 shares in the last quarter. Millennium Management LLC grew its holdings in CSP by 19.5% in the 4th quarter. Millennium Management LLC now owns 28,570 shares of the information technology services provider’s stock worth $459,000 after buying an additional 4,659 shares in the last quarter. Jane Street Group LLC bought a new position in CSP in the 4th quarter worth approximately $256,000. Finally, Northern Trust Corp grew its holdings in CSP by 39.9% in the 4th quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider’s stock worth $624,000 after buying an additional 11,075 shares in the last quarter. 26.74% of the stock is owned by institutional investors.

CSP Price Performance

Shares of CSPI stock opened at $11.37 on Friday. CSP Inc. has a 12-month low of $9.65 and a 12-month high of $21.95. The firm has a market capitalization of $112.11 million, a price-to-earnings ratio of -66.88 and a beta of 0.79. The business has a 50 day simple moving average of $11.67 and a 200 day simple moving average of $13.80.

CSP (NASDAQ:CSPI) last issued its quarterly earnings data on Thursday, August 14th. The information technology services provider reported ($0.03) earnings per share (EPS) for the quarter. CSP had a negative return on equity of 3.35% and a negative net margin of 2.78%.The business had revenue of $15.45 million during the quarter.

CSP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 29th. CSP’s dividend payout ratio (DPR) is presently -70.59%.

CSP Company 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.