BlueCrest Capital Management Ltd acquired a new stake in Smart Global Holdings Inc (NASDAQ:SGH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 35,551 shares of the company’s stock, valued at approximately $1,198,000. BlueCrest Capital Management Ltd owned approximately 0.16% of Smart Global as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Smart Global during the 3rd quarter worth approximately $103,000. Legal & General Group Plc acquired a new position in Smart Global during the 3rd quarter worth approximately $133,000. Tower Research Capital LLC TRC grew its holdings in Smart Global by 2,373.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,798 shares of the company’s stock worth $162,000 after acquiring an additional 4,604 shares in the last quarter. Macquarie Group Ltd. acquired a new position in Smart Global during the 3rd quarter worth approximately $166,000. Finally, Acadian Asset Management LLC acquired a new position in Smart Global during the 4th quarter worth approximately $193,000. Hedge funds and other institutional investors own 87.00% of the company’s stock.
In related news, VP Bruce M. Goldberg sold 2,500 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $35.76, for a total value of $89,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kiwan Kim sold 6,874 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $35.86, for a total transaction of $246,501.64. The disclosure for this sale can be found here. Insiders have sold a total of 111,833 shares of company stock valued at $3,962,951 in the last 90 days. Insiders own 6.90% of the company’s stock.
Shares of Smart Global Holdings Inc (NASDAQ SGH) opened at $39.90 on Tuesday. The firm has a market cap of $867.86 and a P/E ratio of 72.55. The company has a current ratio of 1.43, a quick ratio of 0.97 and a debt-to-equity ratio of 1.50. Smart Global Holdings Inc has a 12-month low of $11.50 and a 12-month high of $43.15.
Smart Global (NASDAQ:SGH) last issued its quarterly earnings data on Thursday, December 21st. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.13. The company had revenue of $265.40 million for the quarter, compared to analysts’ expectations of $255.03 million. The business’s revenue was up 66.6% on a year-over-year basis. research analysts expect that Smart Global Holdings Inc will post 4.76 earnings per share for the current fiscal year.
About Smart Global
Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.
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