Yakira Capital Management Inc. Grows Stock Position in Cantaloupe, Inc. $CTLP

Yakira Capital Management Inc. raised its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 157.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,565 shares of the technology company’s stock after buying an additional 87,844 shares during the quarter. Yakira Capital Management Inc. owned about 0.19% of Cantaloupe worth $1,517,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in Cantaloupe in the 3rd quarter worth about $32,000. Osaic Holdings Inc. lifted its holdings in Cantaloupe by 136.2% during the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock valued at $52,000 after purchasing an additional 2,737 shares during the last quarter. US Bancorp DE boosted its position in Cantaloupe by 142.2% during the third quarter. US Bancorp DE now owns 5,667 shares of the technology company’s stock worth $60,000 after purchasing an additional 3,327 shares during the period. BNP Paribas Financial Markets boosted its position in Cantaloupe by 55.6% during the second quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock worth $63,000 after purchasing an additional 2,063 shares during the period. Finally, Longfellow Investment Management Co. LLC purchased a new position in shares of Cantaloupe in the second quarter worth about $76,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CTLP. Zacks Research raised shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Weiss Ratings raised shares of Cantaloupe from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Finally, Wall Street Zen raised shares of Cantaloupe to a “hold” rating in a report on Saturday, February 21st. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.60.

Cantaloupe Stock Down 0.8%

CTLP stock opened at $10.27 on Monday. The stock has a 50-day simple moving average of $10.57 and a two-hundred day simple moving average of $10.62. Cantaloupe, Inc. has a twelve month low of $7.01 and a twelve month high of $11.16. The firm has a market capitalization of $757.10 million, a PE ratio of 57.06 and a beta of 1.09. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.14.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings results on Friday, February 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The firm had revenue of $78.71 million during the quarter, compared to analysts’ expectations of $84.92 million. Cantaloupe had a return on equity of 8.76% and a net margin of 17.32%. On average, equities analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Cantaloupe Profile

Cantaloupe, Inc (NASDAQ: CTLP), formerly known as USA Technologies, is a provider of cashless payment and point-of-sale solutions for the unattended retail market. The company develops and distributes IoT-enabled hardware and software that enable vending machines, kiosks, micro markets, laundry machines and other self-service devices to accept credit and debit cards, mobile wallets and contactless payments. Its ePort® terminals integrate with back-end systems to process transactions securely and comply with the latest EMV and PCI standards.

At the core of Cantaloupe’s offering is its cloud-based ePort Connect® platform, which facilitates real-time remote monitoring, device management and data analytics.