Black Box Corp. (NASDAQ:BBOX) announced a quarterly dividend on Wednesday, November 16th. Shareholders of record on Friday, December 30th will be given a dividend of 0.12 per share on Friday, January 13th. This represents a $0.48 annualized dividend and a yield of 3.14%.

Shares of Black Box Corp. (NASDAQ:BBOX) opened at 15.30 on Thursday. The firm has a 50-day moving average of $12.98 and a 200 day moving average of $13.35. Black Box Corp. has a 52-week low of $6.51 and a 52-week high of $15.65. The company’s market capitalization is $231.76 million.

Black Box Corp. (NASDAQ:BBOX) last issued its earnings results on Tuesday, November 1st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The company had revenue of $218.70 million for the quarter, compared to analyst estimates of $220.45 million. Black Box Corp. had a negative net margin of 5.50% and a positive return on equity of 8.66%. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. On average, analysts anticipate that Black Box Corp. will post $1.00 EPS for the current year.

Dividend History for Black Box Corp. (NASDAQ:BBOX)

In other news, insider Eslie C. Sykes acquired 21,000 shares of Black Box Corp. stock in a transaction that occurred 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 purchase, the insider now directly owns 75,790 shares of the company’s stock, valued at $939,038.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in Black Box Corp. by 81.4% in the second quarter. AQR Capital Management LLC now owns 279,995 shares of the company’s stock valued at $3,662,000 after buying an additional 125,646 shares during the last quarter. BlackRock Fund Advisors raised its position in Black Box Corp. by 9.2% in the third quarter. BlackRock Fund Advisors now owns 1,102,714 shares of the company’s stock valued at $15,328,000 after buying an additional 92,643 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Black Box Corp. by 21.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 456,356 shares of the company’s stock valued at $6,343,000 after buying an additional 79,778 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Black Box Corp. by 357.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 91,000 shares of the company’s stock valued at $1,264,000 after buying an additional 71,100 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in Black Box Corp. by 555.1% in the third quarter. Panagora Asset Management Inc. now owns 77,926 shares of the company’s stock valued at $1,083,000 after buying an additional 66,030 shares during the last quarter. 99.20% of the stock is currently owned by institutional investors and hedge funds.

About Black Box Corp.

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.

5 Day Chart for NASDAQ:BBOX

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