Alberta Investment Management Corp Has $8.37 Million Stake in Sangoma Technologies Co. (NASDAQ:SANG)

Alberta Investment Management Corp raised its position in Sangoma Technologies Co. (NASDAQ:SANG) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,204,274 shares of the company’s stock after purchasing an additional 127,808 shares during the quarter. Alberta Investment Management Corp owned 3.61% of Sangoma Technologies worth $8,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. National Bank of Canada FI increased its position in shares of Sangoma Technologies by 13.2% in the third quarter. National Bank of Canada FI now owns 72,259 shares of the company’s stock valued at $398,000 after acquiring an additional 8,439 shares during the last quarter. Bard Associates Inc. increased its position in shares of Sangoma Technologies by 8.8% in the third quarter. Bard Associates Inc. now owns 88,161 shares of the company’s stock valued at $474,000 after acquiring an additional 7,141 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Sangoma Technologies by 28.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,833 shares of the company’s stock valued at $808,000 after acquiring an additional 32,000 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in shares of Sangoma Technologies in the third quarter valued at about $1,587,000. Institutional investors and hedge funds own 39.65% of the company’s stock.

Sangoma Technologies Price Performance

NASDAQ:SANG opened at $5.92 on Thursday. Sangoma Technologies Co. has a 52-week low of $3.78 and a 52-week high of $7.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 0.86. The company has a market cap of $197.37 million, a P/E ratio of -28.19 and a beta of 1.35. The stock’s 50-day simple moving average is $6.95 and its 200 day simple moving average is $6.17.

Sangoma Technologies (NASDAQ:SANG) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Sangoma Technologies had a negative return on equity of 2.61% and a negative net margin of 2.81%. During the same period in the prior year, the firm posted ($0.10) EPS. As a group, sell-side analysts forecast that Sangoma Technologies Co. will post -0.18 EPS for the current fiscal year.

Sangoma Technologies Profile

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.