Pointer Telocation Ltd. (NASDAQ:PNTR) issued its quarterly earnings data on Wednesday. The communications equipment provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.11, Morningstar.com reports. Pointer Telocation had a net margin of 5.34% and a return on equity of 15.39%.

Shares of Pointer Telocation (NASDAQ:PNTR) traded up 12.08% on Wednesday, reaching $13.45. 50,598 shares of the company were exchanged. The stock has a market capitalization of $106.35 million, a price-to-earnings ratio of 29.56 and a beta of 0.65. Pointer Telocation has a 52 week low of $6.02 and a 52 week high of $14.65. The firm’s 50 day moving average price is $12.54 and its 200 day moving average price is $10.26.

A number of hedge funds have recently added to or reduced their stakes in PNTR. Acadian Asset Management LLC boosted its stake in Pointer Telocation by 70.1% in the second quarter. Acadian Asset Management LLC now owns 12,925 shares of the communications equipment provider’s stock worth $150,000 after buying an additional 5,327 shares during the period. Eagle Global Advisors LLC bought a new stake in Pointer Telocation during the first quarter worth approximately $159,000. Senvest Management LLC bought a new stake in Pointer Telocation during the second quarter worth approximately $293,000. Rice Hall James & Associates LLC boosted its stake in Pointer Telocation by 209.5% in the first quarter. Rice Hall James & Associates LLC now owns 49,371 shares of the communications equipment provider’s stock worth $437,000 after buying an additional 33,421 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Pointer Telocation by 13.8% in the fourth quarter. Renaissance Technologies LLC now owns 168,300 shares of the communications equipment provider’s stock worth $1,144,000 after buying an additional 20,400 shares during the period. Institutional investors own 7.18% of the company’s stock.

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PNTR has been the topic of a number of research analyst reports. Roth Capital initiated coverage on shares of Pointer Telocation in a research report on Friday, July 7th. They set a “buy” rating and a $16.00 price objective on the stock. Rodman & Renshaw increased their price objective on shares of Pointer Telocation from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, May 19th. Zacks Investment Research upgraded shares of Pointer Telocation from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, ValuEngine upgraded shares of Pointer Telocation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd.

About Pointer Telocation

Pointer Telocation Ltd. is a provider of mobile resource management (MRM) products and services for the automotive, insurance industries and other mobile tracking markets, such as cargo, assets, shipping and containers. The Company offers roadside assistance (RSA) services, automobile repair and towing services, stolen vehicle recovery (SVR) and other services.

Earnings History for Pointer Telocation (NASDAQ:PNTR)

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