Van Den Berg Management I Inc. continued to hold its position in shares of CUI Global, Inc. (NASDAQ:CUI) during the fourth quarter, Holdings Channel reports. The firm owned 180,285 shares of the company’s stock at the end of the fourth quarter. Van Den Berg Management I Inc. owned approximately 0.86% of CUI Global worth $1,249,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of CUI. Wells Fargo & Company MN boosted its stake in CUI Global by 20.0% in the third quarter. Wells Fargo & Company MN now owns 27,355 shares of the company’s stock worth $160,000 after buying an additional 4,555 shares in the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in CUI Global during the third quarter worth $236,000. Royal Bank of Canada boosted its stake in CUI Global by 8.5% in the second quarter. Royal Bank of Canada now owns 54,310 shares of the company’s stock worth $274,000 after buying an additional 4,250 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in CUI Global during the second quarter worth $383,000. Finally, Croft Leominster Inc. boosted its stake in CUI Global by 13.4% in the third quarter. Croft Leominster Inc. now owns 84,400 shares of the company’s stock worth $492,000 after buying an additional 10,000 shares in the last quarter. 63.54% of the stock is owned by institutional investors and hedge funds.
Shares of CUI Global, Inc. (NASDAQ:CUI) traded up 0.33% during midday trading on Friday, reaching $6.16. The company’s stock had a trading volume of 12,346 shares. The stock’s market capitalization is $128.84 million. CUI Global, Inc. has a 12 month low of $4.01 and a 12 month high of $9.42. The stock’s 50 day moving average is $6.53 and its 200 day moving average is $5.74.
CUI Global (NASDAQ:CUI) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The company had revenue of $23.26 million for the quarter, compared to analysts’ expectations of $22.45 million. CUI Global had a negative return on equity of 8.96% and a negative net margin of 6.75%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts forecast that CUI Global, Inc. will post ($0.30) EPS for the current fiscal year.
CUI has been the topic of a number of analyst reports. Zacks Investment Research upgraded CUI Global from a “sell” rating to a “hold” rating in a report on Friday, November 11th. Dougherty & Co lowered their target price on CUI Global from $7.50 to $7.00 and set a “buy” rating on the stock in a report on Friday, November 11th.
About CUI Global
CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).
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