Insider Selling: CSP Inc. (CSPI) Director Sells 2,099 Shares of Stock
CSP Inc. (NASDAQ:CSPI) Director C Shelton James sold 2,099 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $10.89, for a total value of $22,858.11. Following the completion of the sale, the director now owns 34,703 shares of the company’s stock, valued at approximately $377,915.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of CSP Inc. (CSPI) traded up 0.645% during mid-day trading on Monday, hitting $11.071. The stock had a trading volume of 6,076 shares. CSP Inc. has a 12-month low of $7.25 and a 12-month high of $11.95. The stock has a market cap of $43.41 million, a price-to-earnings ratio of 19.912 and a beta of 0.58. The firm’s 50-day moving average price is $10.80 and its 200 day moving average price is $10.45.
CSP (NASDAQ:CSPI) last released its earnings results on Wednesday, May 24th. The information technology services provider reported $0.11 EPS for the quarter. The company had revenue of $25.32 million during the quarter. CSP had a return on equity of 11.36% and a net margin of 2.15%.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.44 annualized dividend and a dividend yield of 3.97%. CSP’s dividend payout ratio (DPR) is currently 78.57%.
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CSP Company Profile
CSP Inc and its subsidiaries develop and market information technology (IT) integration solutions, security and managed services, network adapters, and cluster computer systems. The Company operates in two segments: High Performance Products (HPP) and Technology Solutions (TS). The HPP segment comprises two product lines: its Multicomputer product portfolio of computing systems for digital signal processing (DSP) applications within the defense market, and its Myricom product line of network Ethernet adapters that are offered to both commercial and government customers.
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