GABELLI & Co INVESTMENT ADVISERS INC. Raises Position in Cantaloupe, Inc. $CTLP

GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 179.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,400 shares of the technology company’s stock after acquiring an additional 165,300 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.35% of Cantaloupe worth $2,721,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC raised its position in Cantaloupe by 99.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 13,875 shares of the technology company’s stock worth $147,000 after acquiring an additional 6,925 shares during the period. Picton Mahoney Asset Management raised its stake in shares of Cantaloupe by 40.0% in the third quarter. Picton Mahoney Asset Management now owns 350,000 shares of the technology company’s stock valued at $3,699,000 after buying an additional 100,000 shares during the period. Quantbot Technologies LP bought a new stake in shares of Cantaloupe in the third quarter valued at $147,000. US Bancorp DE lifted its position in shares of Cantaloupe by 142.2% during the 3rd quarter. US Bancorp DE now owns 5,667 shares of the technology company’s stock valued at $60,000 after buying an additional 3,327 shares during the last quarter. Finally, Greenland Capital Management LP bought a new position in shares of Cantaloupe during the 3rd quarter worth $317,000. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Price Performance

CTLP stock opened at $10.27 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.31. The firm has a 50 day simple moving average of $10.57 and a two-hundred day simple moving average of $10.63. Cantaloupe, Inc. has a one year low of $7.01 and a one year high of $11.16. The stock has a market cap of $757.10 million, a PE ratio of 57.06 and a beta of 1.09.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings data on Friday, February 6th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The firm had revenue of $78.71 million for the quarter, compared to the consensus estimate of $84.92 million. Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. On average, analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CTLP. Zacks Research upgraded shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Wall Street Zen upgraded Cantaloupe to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings raised Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.60.

About Cantaloupe

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.