John S. Heller Acquires 10,000 Shares of Black Box Corporation (BBOX) Stock
Black Box Corporation (NASDAQ:BBOX) Director John S. Heller purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average cost of $4.35 per share, with a total value of $43,500.00. Following the transaction, the director now directly owns 52,320 shares of the company’s stock, valued at $227,592. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Black Box Corporation (BBOX) remained flat at $4.00 on Wednesday. The stock had a trading volume of 29,769 shares. The firm has a 50-day moving average of $7.73 and a 200-day moving average of $8.71. Black Box Corporation has a one year low of $3.85 and a one year high of $17.05. The company’s market cap is $60.55 million.
Black Box Corporation (NASDAQ:BBOX) last posted its quarterly earnings data on Thursday, August 10th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.34. The business had revenue of $191.60 million during the quarter, compared to the consensus estimate of $207.63 million. Black Box Corporation had a negative net margin of 1.97% and a positive return on equity of 3.05%. The business’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Equities research analysts expect that Black Box Corporation will post ($0.69) EPS for the current year.
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Separately, Sidoti lowered shares of Black Box Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, August 11th.
A number of hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in Black Box Corporation by 4.7% in the fourth quarter. State Street Corp now owns 369,852 shares of the technology company’s stock worth $5,646,000 after buying an additional 16,582 shares in the last quarter. Norges Bank acquired a new stake in Black Box Corporation during the fourth quarter worth about $3,124,000. Teachers Advisors LLC increased its stake in Black Box Corporation by 24.6% in the fourth quarter. Teachers Advisors LLC now owns 42,670 shares of the technology company’s stock worth $651,000 after buying an additional 8,432 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in Black Box Corporation during the fourth quarter worth about $196,000. Finally, Strs Ohio increased its stake in Black Box Corporation by 69.8% in the first quarter. Strs Ohio now owns 69,600 shares of the technology company’s stock worth $622,000 after buying an additional 28,600 shares in the last quarter. 94.35% of the stock is owned by hedge funds and other institutional investors.
About Black Box Corporation
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.
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