CDI Corp. (CDI) Director Albert E. Smith Purchases 8,000 Shares of Stock
CDI Corp. (NYSE:CDI) Director Albert E. Smith purchased 8,000 shares of the business’s stock in a transaction dated Tuesday, September 27th. The shares were purchased at an average cost of $5.40 per share, for a total transaction of $43,200.00. Following the completion of the purchase, the director now directly owns 69,272 shares of the company’s stock, valued at approximately $374,068.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
CDI Corp. (NYSE:CDI) opened at 5.81 on Friday. The company has a 50 day moving average price of $5.54 and a 200-day moving average price of $6.12. CDI Corp. has a 1-year low of $4.31 and a 1-year high of $9.39. The firm’s market capitalization is $108.05 million.
CDI Corp. (NYSE:CDI) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.08. The business earned $226.70 million during the quarter, compared to the consensus estimate of $228.61 million. CDI Corp. had a negative return on equity of 4.97% and a negative net margin of 5.27%. CDI Corp.’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.01) earnings per share. On average, analysts forecast that CDI Corp. will post ($1.30) EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the company. Emerald Acquisition Ltd. acquired a new position in shares of CDI Corp. during the second quarter worth $456,000. California Public Employees Retirement System raised its position in shares of CDI Corp. by 3.3% in the second quarter. California Public Employees Retirement System now owns 112,707 shares of the company’s stock worth $688,000 after buying an additional 3,600 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of CDI Corp. during the second quarter worth $314,000. Institutional investors and hedge funds own 40.85% of the company’s stock.
About CDI Corp.
CDI Corp. provides engineering, information technology and staffing solutions. The Company operates in three segments: Global Engineering and Technology Solutions (GETS), Professional Staffing Services (PSS) and Management Recruiters International (MRI). It provides staffing services through its MRINetwork of franchisees.
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