BCK Capital Management LP Buys 221,692 Shares of Cantaloupe, Inc. $CTLP

BCK Capital Management LP lifted its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 330.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 288,692 shares of the technology company’s stock after purchasing an additional 221,692 shares during the quarter. Cantaloupe comprises about 3.3% of BCK Capital Management LP’s portfolio, making the stock its 4th largest holding. BCK Capital Management LP’s holdings in Cantaloupe were worth $3,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey increased its stake in Cantaloupe by 10.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,428 shares of the technology company’s stock valued at $148,000 after purchasing an additional 1,268 shares in the last quarter. DCF Advisers LLC grew its holdings in shares of Cantaloupe by 6.3% during the second quarter. DCF Advisers LLC now owns 33,500 shares of the technology company’s stock valued at $368,000 after buying an additional 2,000 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Cantaloupe by 55.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock valued at $63,000 after acquiring an additional 2,063 shares during the period. Tower Research Capital LLC TRC raised its stake in Cantaloupe by 41.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,940 shares of the technology company’s stock worth $87,000 after acquiring an additional 2,315 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Cantaloupe by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 82,793 shares of the technology company’s stock worth $875,000 after acquiring an additional 2,423 shares during the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Up 0.9%

Shares of CTLP opened at $10.27 on Friday. The company has a market capitalization of $757.10 million, a price-to-earnings ratio of 57.06 and a beta of 1.09. Cantaloupe, Inc. has a 52 week low of $7.01 and a 52 week high of $11.36. The stock’s 50-day moving average price is $10.62 and its 200-day moving average price is $10.67. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.14.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Cantaloupe had a net margin of 17.32% and a return on equity of 8.76%. The company had revenue of $78.71 million during the quarter, compared to analyst estimates of $84.92 million. On average, sell-side analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Zacks Research upgraded Cantaloupe from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Wall Street Zen upgraded shares of Cantaloupe to a “hold” rating in a report on Saturday. Finally, Weiss Ratings upgraded shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.73.

About Cantaloupe

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.