Black Box Corp. (BBOX) Insider Acquires $260,190.00 in Stock
Black Box Corp. (NASDAQ:BBOX) insider Eslie C. Sykes acquired 21,000 shares of the stock in a transaction on Monday, November 7th. The shares were acquired at an average price of $12.39 per share, with a total value of $260,190.00. Following the transaction, the insider now directly owns 75,790 shares of the company’s stock, valued at $939,038.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Black Box Corp. (NASDAQ:BBOX) opened at 13.30 on Friday. The firm’s 50-day moving average is $12.94 and its 200 day moving average is $13.35. Black Box Corp. has a 52-week low of $6.51 and a 52-week high of $15.51. The company’s market cap is $200.83 million.
Black Box Corp. (NASDAQ:BBOX) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. Black Box Corp. had a negative net margin of 5.50% and a positive return on equity of 8.66%. The business earned $218.70 million during the quarter, compared to analysts’ expectations of $220.45 million. During the same period in the previous year, the business posted $0.37 EPS. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts predict that Black Box Corp. will post $1.00 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its stake in shares of Black Box Corp. by 32.2% in the second quarter. Acrospire Investment Management LLC now owns 7,893 shares of the company’s stock valued at $103,000 after buying an additional 1,921 shares during the last quarter. BlackRock Inc. boosted its position in Black Box Corp. by 313.4% in the second quarter. BlackRock Inc. now owns 8,686 shares of the company’s stock valued at $113,000 after buying an additional 6,585 shares in the last quarter. Suntrust Banks Inc. purchased a new position in Black Box Corp. during the second quarter valued at about $132,000. Citadel Advisors LLC purchased a new position in Black Box Corp. during the third quarter valued at about $151,000. Finally, Panagora Asset Management Inc. boosted its position in Black Box Corp. by 187.8% in the second quarter. Panagora Asset Management Inc. now owns 11,896 shares of the company’s stock valued at $156,000 after buying an additional 7,762 shares in the last quarter. Institutional investors and hedge funds own 96.62% of the company’s stock.
Black Box Corp. Company Profile
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.
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