First Wilshire Securities Management Inc. reduced its position in CUI Global, Inc. (NASDAQ:CUI) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 645,075 shares of the industrial products company’s stock after selling 2,400 shares during the period. First Wilshire Securities Management Inc.’s holdings in CUI Global were worth $3,058,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of CUI. Dimensional Fund Advisors LP increased its stake in shares of CUI Global by 14.2% in the first quarter. Dimensional Fund Advisors LP now owns 27,808 shares of the industrial products company’s stock worth $132,000 after buying an additional 3,453 shares during the period. Geode Capital Management LLC increased its stake in shares of CUI Global by 0.3% in the first quarter. Geode Capital Management LLC now owns 124,968 shares of the industrial products company’s stock worth $592,000 after buying an additional 414 shares during the period. Vanguard Group Inc. increased its stake in shares of CUI Global by 1.0% in the first quarter. Vanguard Group Inc. now owns 852,693 shares of the industrial products company’s stock worth $4,042,000 after buying an additional 8,847 shares during the period. Croft Leominster Inc. increased its stake in shares of CUI Global by 4.0% in the first quarter. Croft Leominster Inc. now owns 153,330 shares of the industrial products company’s stock worth $727,000 after buying an additional 5,930 shares during the period. Finally, Royce & Associates LP increased its stake in shares of CUI Global by 37.0% in the first quarter. Royce & Associates LP now owns 613,425 shares of the industrial products company’s stock worth $2,908,000 after buying an additional 165,789 shares during the period. 63.75% of the stock is owned by institutional investors and hedge funds.
CUI Global, Inc. (NASDAQ CUI) traded up 2.18% during trading on Friday, hitting $3.28. 131,580 shares of the stock were exchanged. CUI Global, Inc. has a 12-month low of $3.17 and a 12-month high of $7.39. The stock has a 50 day moving average price of $3.72 and a 200-day moving average price of $5.34. The firm’s market capitalization is $68.75 million.
CUI Global (NASDAQ:CUI) last issued its quarterly earnings results on Wednesday, May 10th. The industrial products company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.10. CUI Global had a negative net margin of 10.10% and a negative return on equity of 15.64%. The business had revenue of $17.80 million during the quarter, compared to analyst estimates of $21.20 million. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. The firm’s quarterly revenue was down 14.0% on a year-over-year basis. On average, equities research analysts anticipate that CUI Global, Inc. will post ($0.41) earnings per share for the current fiscal year.
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A number of brokerages have recently commented on CUI. HC Wainwright reiterated a “buy” rating and set a $12.00 price objective on shares of CUI Global in a research report on Monday, March 20th. Zacks Investment Research downgraded CUI Global from a “hold” rating to a “sell” rating in a research report on Friday, March 17th. TheStreet downgraded CUI Global from a “c-” rating to a “d+” rating in a research report on Monday, April 17th. Finally, Ladenburg Thalmann Financial Services initiated coverage on CUI Global in a report on Wednesday, May 31st. They issued a “buy” rating and a $8.00 target price for the company. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $9.00.
In other CUI Global news, CEO William J. Clough purchased 17,500 shares of the stock in a transaction on Thursday, June 15th. The shares were purchased at an average cost of $3.28 per share, for a total transaction of $57,400.00. Following the purchase, the chief executive officer now owns 37,666 shares of the company’s stock, valued at $123,544.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 34,615 shares of company stock worth $118,306 over the last quarter. Company insiders own 4.67% of the company’s stock.
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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