William J. Clough Acquires 2,000 Shares of CUI Global Inc. (CUI) Stock
CUI Global Inc. (NASDAQ:CUI) CEO William J. Clough acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was bought at an average price of $5.57 per share, with a total value of $11,140.00. Following the completion of the acquisition, the chief executive officer now directly owns 35,049 shares of the company’s stock, valued at $195,222.93. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of CUI Global Inc. (NASDAQ:CUI) opened at 5.52 on Wednesday. CUI Global Inc. has a one year low of $4.01 and a one year high of $9.42. The firm’s 50-day moving average price is $5.36 and its 200-day moving average price is $5.45. The firm’s market capitalization is $115.38 million.
CUI Global (NASDAQ:CUI) last posted its quarterly earnings data on Wednesday, November 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. CUI Global had a negative net margin of 6.75% and a negative return on equity of 8.96%. The company earned $23.26 million during the quarter, compared to the consensus estimate of $22.45 million. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities analysts forecast that CUI Global Inc. will post ($0.29) earnings per share for the current year.
CUI has been the subject of a number of recent research reports. Dougherty & Co decreased their price objective on CUI Global from $7.50 to $7.00 and set a “buy” rating for the company in a report on Friday, November 11th. Zacks Investment Research upgraded CUI Global from a “sell” rating to a “hold” rating in a report on Friday, November 11th. Finally, TheStreet upgraded CUI Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. CUI Global currently has a consensus rating of “Buy” and a consensus target price of $8.50.
Hedge funds have recently bought and sold shares of the company. Clear Harbor Asset Management LLC increased its stake in CUI Global by 4.5% in the first quarter. Clear Harbor Asset Management LLC now owns 1,072,387 shares of the company’s stock valued at $8,665,000 after buying an additional 46,480 shares in the last quarter. WealthTrust Axiom LLC increased its stake in CUI Global by 60.2% in the second quarter. WealthTrust Axiom LLC now owns 466,849 shares of the company’s stock valued at $2,357,000 after buying an additional 175,370 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in CUI Global during the second quarter valued at $113,000. Emerald Acquisition Ltd. acquired a new stake in CUI Global during the second quarter valued at $383,000. Finally, Van Den Berg Management I Inc. increased its stake in CUI Global by 134.0% in the second quarter. Van Den Berg Management I Inc. now owns 180,285 shares of the company’s stock valued at $910,000 after buying an additional 103,230 shares in the last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.
About CUI Global
CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).
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