Keeley Teton Advisors LLC Acquires Shares of 20,276 Cantaloupe, Inc. (NASDAQ:CTLP)

Keeley Teton Advisors LLC bought a new position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) during the 4th quarter, Holdings Channel reports. The firm bought 20,276 shares of the technology company’s stock, valued at approximately $193,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CTLP. Harvest Fund Management Co. Ltd acquired a new position in Cantaloupe during the 4th quarter worth about $40,000. Parkside Financial Bank & Trust bought a new stake in shares of Cantaloupe during the fourth quarter valued at approximately $47,000. New York State Common Retirement Fund grew its stake in shares of Cantaloupe by 75.8% during the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company’s stock valued at $75,000 after purchasing an additional 3,400 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Cantaloupe in the fourth quarter valued at approximately $91,000. Finally, Truist Financial Corp acquired a new position in Cantaloupe during the 4th quarter worth $111,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CTLP shares. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of Cantaloupe in a research note on Thursday, March 27th. Benchmark boosted their price objective on Cantaloupe from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th.

Cantaloupe Stock Down 0.9 %

Shares of Cantaloupe stock opened at $7.53 on Friday. Cantaloupe, Inc. has a 12 month low of $5.75 and a 12 month high of $11.36. The business has a fifty day simple moving average of $8.70 and a 200 day simple moving average of $8.87. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The stock has a market cap of $549.95 million, a PE ratio of 37.65 and a beta of 1.45.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same period in the previous year, the firm posted $0.04 earnings per share. Research analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current year.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.