Bridgeway Capital Management LLC Trims Stock Holdings in CSP Inc. (NASDAQ:CSPI)

Bridgeway Capital Management LLC lowered its position in shares of CSP Inc. (NASDAQ:CSPI) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 61,200 shares of the information technology services provider’s stock after selling 1,800 shares during the period. Bridgeway Capital Management LLC’s holdings in CSP were worth $983,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Navellier & Associates Inc. grew its holdings in CSP by 61.9% in the fourth quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider’s stock worth $990,000 after purchasing an additional 23,550 shares during the period. 683 Capital Management LLC purchased a new stake in shares of CSP in the 4th quarter worth approximately $321,000. Jane Street Group LLC bought a new position in CSP during the 4th quarter valued at approximately $256,000. Northern Trust Corp raised its stake in CSP by 39.9% during the fourth quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider’s stock valued at $624,000 after buying an additional 11,075 shares during the last quarter. Finally, Barclays PLC bought a new stake in CSP in the third quarter worth $104,000. Institutional investors own 26.74% of the company’s stock.

CSP Price Performance

CSPI opened at $16.19 on Friday. CSP Inc. has a 1 year low of $10.76 and a 1 year high of $21.95. The stock has a 50-day moving average price of $15.75 and a 200-day moving average price of $16.06. The firm has a market cap of $159.96 million, a PE ratio of 1,620.62 and a beta of 0.88.

CSP (NASDAQ:CSPI) last issued its earnings results on Monday, February 10th. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter. CSP had a net margin of 0.14% and a return on equity of 0.17%.

CSP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, February 24th. CSP’s payout ratio is 1,200.00%.

CSP 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.