PC-Tel, Inc. (NASDAQ:PCTI) CEO David A. Neumann bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $6.38 per share, for a total transaction of $12,760.00. Following the acquisition, the chief executive officer now directly owns 193,291 shares in the company, valued at $1,233,196.58. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

PC-Tel, Inc. (NASDAQ:PCTI) traded up 0.16% on Wednesday, hitting $6.29. 24,966 shares of the stock traded hands. The firm’s 50 day moving average is $7.01 and its 200 day moving average is $6.62. PC-Tel, Inc. has a 52 week low of $4.80 and a 52 week high of $8.48. The stock’s market cap is $111.91 million.

PC-Tel (NASDAQ:PCTI) last issued its quarterly earnings data on Tuesday, August 8th. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $21.50 million for the quarter, compared to analyst estimates of $24.09 million. PC-Tel had a negative net margin of 5.61% and a positive return on equity of 1.60%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share. Equities analysts anticipate that PC-Tel, Inc. will post $0.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 8th were given a $0.055 dividend. The ex-dividend date was Friday, August 4th. This is a positive change from PC-Tel’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a dividend yield of 3.50%. PC-Tel’s dividend payout ratio is presently -64.70%.

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Several research analysts recently commented on the stock. B. Riley reiterated a “buy” rating and issued a $9.00 target price on shares of PC-Tel in a report on Monday, May 8th. Zacks Investment Research downgraded shares of PC-Tel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, Wunderlich downgraded shares of PC-Tel from a “buy” rating to a “hold” rating and set a $8.00 price objective on the stock. in a report on Wednesday, May 10th.

Several institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new position in shares of PC-Tel during the first quarter valued at $121,000. Algert Global LLC bought a new position in shares of PC-Tel during the first quarter valued at $427,000. TFS Capital LLC bought a new position in shares of PC-Tel during the first quarter valued at $205,000. Prudential Financial Inc. raised its position in shares of PC-Tel by 0.8% in the first quarter. Prudential Financial Inc. now owns 52,800 shares of the Wireless communications provider’s stock valued at $376,000 after buying an additional 400 shares during the last quarter. Finally, Spark Investment Management LLC raised its position in shares of PC-Tel by 200.0% in the first quarter. Spark Investment Management LLC now owns 38,400 shares of the Wireless communications provider’s stock valued at $273,000 after buying an additional 25,600 shares during the last quarter. 75.53% of the stock is currently owned by institutional investors.

About PC-Tel

PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.

Insider Buying and Selling by Quarter for PC-Tel (NASDAQ:PCTI)

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