Clearline Capital LP acquired a new stake in OSI Systems, Inc. (NASDAQ:OSIS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 42,300 shares of the technology company’s stock, valued at approximately $2,723,000. OSI Systems comprises approximately 1.4% of Clearline Capital LP’s investment portfolio, making the stock its 20th biggest holding. Clearline Capital LP owned about 0.22% of OSI Systems at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in OSI Systems in the 3rd quarter valued at $165,000. Magnetar Financial LLC acquired a new position in OSI Systems in the 3rd quarter valued at $204,000. Icon Advisers Inc. Co. acquired a new position in OSI Systems in the 3rd quarter valued at $210,000. CIBC Asset Management Inc acquired a new position in OSI Systems in the 3rd quarter valued at $211,000. Finally, Amalgamated Bank acquired a new position in OSI Systems in the 3rd quarter valued at $218,000.
In other news, Director Meyer/ Luskin bought 20,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average cost of $56.79 per share, for a total transaction of $1,135,800.00. Following the acquisition, the director now directly owns 10,376 shares of the company’s stock, valued at approximately $589,253.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.60% of the company’s stock.
OSI Systems, Inc. (OSIS) opened at $68.19 on Tuesday. The firm has a market capitalization of $1,302.07, a price-to-earnings ratio of -59.30, a PEG ratio of 1.45 and a beta of 0.89. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. OSI Systems, Inc. has a twelve month low of $50.50 and a twelve month high of $96.64.
OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, February 1st. The technology company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The business had revenue of $277.53 million during the quarter, compared to analysts’ expectations of $263.77 million. OSI Systems had a positive return on equity of 12.78% and a negative net margin of 2.06%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS. research analysts predict that OSI Systems, Inc. will post 3.5 earnings per share for the current year.
OSI Systems declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 6th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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OSI Systems Company Profile
OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.
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