Intact Investment Management Inc. Takes Position in Sangoma Technologies Co. (NASDAQ:SANG)

Intact Investment Management Inc. acquired a new stake in Sangoma Technologies Co. (NASDAQ:SANGFree Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 286,500 shares of the company’s stock, valued at approximately $1,587,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SANG. Hillsdale Investment Management Inc. bought a new position in shares of Sangoma Technologies in the first quarter valued at $765,000. Toronto Dominion Bank grew its stake in shares of Sangoma Technologies by 1.3% in the second quarter. Toronto Dominion Bank now owns 500,353 shares of the company’s stock valued at $2,471,000 after buying an additional 6,243 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Sangoma Technologies in the second quarter valued at $188,000. Finally, Unique Wealth LLC bought a new position in shares of Sangoma Technologies in the second quarter valued at $427,000. 39.65% of the stock is currently owned by institutional investors and hedge funds.

Sangoma Technologies Price Performance

NASDAQ:SANG opened at $6.24 on Tuesday. Sangoma Technologies Co. has a 1-year low of $2.18 and a 1-year high of $6.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.95 and a quick ratio of 0.70. The firm has a fifty day simple moving average of $5.65 and a 200 day simple moving average of $5.22.

Sangoma Technologies (NASDAQ:SANGGet Free Report) last released its earnings results on Wednesday, September 18th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Sangoma Technologies had a negative net margin of 3.50% and a negative return on equity of 3.31%. The firm had revenue of $60.93 million during the quarter, compared to the consensus estimate of $60.89 million. During the same period in the prior year, the business posted ($0.04) earnings per share. On average, sell-side analysts expect that Sangoma Technologies Co. will post -0.07 EPS for the current fiscal year.

About Sangoma Technologies

(Free Report)

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.

Recommended Stories

Want to see what other hedge funds are holding SANG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sangoma Technologies Co. (NASDAQ:SANGFree Report).

Institutional Ownership by Quarter for Sangoma Technologies (NASDAQ:SANG)

Receive News & Ratings for Sangoma Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sangoma Technologies and related companies with MarketBeat.com's FREE daily email newsletter.