CSP Inc. (NASDAQ:CSPI – Get Free Report) Director C Shelton James sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $14.25, for a total transaction of $28,500.00. Following the transaction, the director now owns 109,606 shares of the company’s stock, valued at approximately $1,561,885.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
CSP Stock Down 2.7 %
NASDAQ CSPI opened at $13.91 on Friday. The firm has a market cap of $135.68 million, a PE ratio of 24.84 and a beta of 1.38. The company has a 50 day moving average price of $14.75 and a 200 day moving average price of $16.05. CSP Inc. has a 52 week low of $6.80 and a 52 week high of $29.92.
CSP Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 23rd will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.12 annualized dividend and a dividend yield of 0.86%. CSP’s dividend payout ratio (DPR) is presently 21.43%.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of CSP from a “buy” rating to a “hold” rating in a research note on Tuesday.
Get Our Latest Analysis on CSPI
CSP Company Profile
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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