Hillsdale Investment Management Inc. Has $2.14 Million Stock Holdings in CareCloud, Inc. $CCLD

Hillsdale Investment Management Inc. raised its position in CareCloud, Inc. (NASDAQ:CCLD) by 409.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 666,871 shares of the company’s stock after acquiring an additional 535,971 shares during the period. Hillsdale Investment Management Inc. owned about 1.58% of CareCloud worth $2,141,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CCLD. Baader Bank Aktiengesellschaft bought a new stake in shares of CareCloud during the third quarter valued at approximately $39,000. Vanguard Personalized Indexing Management LLC acquired a new stake in CareCloud during the second quarter worth $50,000. American Century Companies Inc. bought a new stake in CareCloud in the 2nd quarter valued at $78,000. Prospera Financial Services Inc raised its stake in shares of CareCloud by 31.8% in the 2nd quarter. Prospera Financial Services Inc now owns 75,966 shares of the company’s stock valued at $179,000 after buying an additional 18,339 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of CareCloud during the 2nd quarter worth about $260,000. Institutional investors and hedge funds own 10.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CCLD. ThinkEquity initiated coverage on shares of CareCloud in a research note on Monday, November 24th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of CareCloud in a research note on Monday, December 29th. Wall Street Zen raised CareCloud from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $3.25 price target on shares of CareCloud in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.25.

CareCloud Stock Performance

NASDAQ CCLD opened at $2.41 on Monday. CareCloud, Inc. has a 1-year low of $1.14 and a 1-year high of $4.01. The company has a 50 day moving average of $2.81 and a 200-day moving average of $3.07. The company has a current ratio of 1.26, a quick ratio of 1.24 and a debt-to-equity ratio of 0.12. The firm has a market cap of $102.18 million, a price-to-earnings ratio of 60.27 and a beta of 2.05.

CareCloud Company Profile

CareCloud, Inc is a healthcare technology company that provides cloud-based practice management, electronic health record (EHR) and revenue cycle management (RCM) solutions to medical practices and health systems. Its flagship offering, the CareCloud Central platform, combines clinical, financial and administrative workflows into a single, unified system. The platform includes modules for scheduling, billing, coding, patient engagement and telehealth, enabling practices to streamline front- and back-office operations and improve overall practice performance.

Founded in 2009 and headquartered in Miami Beach, Florida, CareCloud serves small to mid-size physician groups and specialty clinics across the United States.