CSP Inc. (NASDAQ:CSPI – Get Free Report) declared a quarterly dividend on Tuesday, August 13th, Zacks reports. Investors of record on Friday, August 23rd will be given a dividend of 0.03 per share by the information technology services provider on Tuesday, September 10th. This represents a $0.12 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, August 23rd.
CSP Stock Performance
NASDAQ CSPI traded down $0.09 on Thursday, hitting $13.18. The stock had a trading volume of 29,520 shares, compared to its average volume of 106,628. The firm has a 50-day moving average of $14.78 and a 200-day moving average of $15.96. CSP has a 52-week low of $6.68 and a 52-week high of $29.92. The company has a market capitalization of $128.56 million, a price-to-earnings ratio of 23.64 and a beta of 1.38.
Insider Buying and Selling at CSP
In related news, major shareholder Joseph R. Nerges bought 2,200 shares of the company’s stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of $14.21 per share, for a total transaction of $31,262.00. Following the completion of the transaction, the insider now directly owns 1,352,602 shares in the company, valued at approximately $19,220,474.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Joseph R. Nerges purchased 2,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was purchased at an average price of $14.02 per share, with a total value of $28,040.00. Following the completion of the purchase, the insider now directly owns 1,360,402 shares in the company, valued at approximately $19,072,836.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Joseph R. Nerges acquired 2,200 shares of CSP stock in a transaction dated Friday, May 31st. The shares were purchased at an average price of $14.21 per share, for a total transaction of $31,262.00. Following the completion of the transaction, the insider now directly owns 1,352,602 shares in the company, valued at approximately $19,220,474.42. The disclosure for this purchase can be found here. Insiders have acquired a total of 16,952 shares of company stock valued at $239,822 in the last 90 days. Corporate insiders own 16.60% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Report on CSPI
About CSP
CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.
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