Mesirow Financial Investment Management Inc. Lowers Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Mesirow Financial Investment Management Inc. decreased its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 23.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,175 shares of the technology company’s stock after selling 13,969 shares during the period. Cantaloupe makes up approximately 1.5% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 28th largest holding. Mesirow Financial Investment Management Inc. owned approximately 0.06% of Cantaloupe worth $297,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Towerview LLC increased its holdings in shares of Cantaloupe by 2.2% in the fourth quarter. Towerview LLC now owns 230,000 shares of the technology company’s stock worth $1,704,000 after buying an additional 5,000 shares during the period. New York State Teachers Retirement System purchased a new position in shares of Cantaloupe in the fourth quarter worth about $38,000. SG Americas Securities LLC increased its holdings in shares of Cantaloupe by 40.5% in the fourth quarter. SG Americas Securities LLC now owns 21,265 shares of the technology company’s stock worth $158,000 after buying an additional 6,125 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Cantaloupe by 949.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,794 shares of the technology company’s stock worth $80,000 after buying an additional 9,765 shares during the period. Finally, Jump Financial LLC increased its holdings in shares of Cantaloupe by 29.9% in the fourth quarter. Jump Financial LLC now owns 46,698 shares of the technology company’s stock worth $346,000 after buying an additional 10,757 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Down 1.1 %

Cantaloupe stock traded down $0.07 during trading hours on Wednesday, hitting $6.54. 61,801 shares of the stock traded hands, compared to its average volume of 310,187. The firm’s 50-day moving average price is $6.57 and its two-hundred day moving average price is $6.61. The company has a current ratio of 1.57, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a market cap of $476.18 million, a PE ratio of 41.32 and a beta of 1.66. Cantaloupe, Inc. has a one year low of $5.74 and a one year high of $8.28.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $67.90 million for the quarter, compared to analysts’ expectations of $69.57 million. Cantaloupe had a return on equity of 7.36% and a net margin of 4.85%. During the same period in the previous year, the firm posted $0.09 EPS. On average, research analysts forecast that Cantaloupe, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on CTLP. Barrington Research reissued an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a research note on Tuesday, May 28th. Benchmark reissued a “buy” rating and issued a $10.00 target price on shares of Cantaloupe in a research note on Monday, March 25th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Cantaloupe has a consensus rating of “Buy” and an average target price of $9.88.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.