Bainco International Investors Takes $225,000 Position in Straight Path Communications Inc (STRP)
Bainco International Investors bought a new stake in Straight Path Communications Inc (NASDAQ:STRP) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,250 shares of the company’s stock, valued at approximately $225,000.
Several other hedge funds have also modified their holdings of STRP. Strs Ohio acquired a new stake in shares of Straight Path Communications in the 2nd quarter valued at $916,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Straight Path Communications in the 2nd quarter valued at $343,000. Kassirer Asset Management Corp acquired a new stake in shares of Straight Path Communications in the 2nd quarter valued at $808,000. Sei Investments Co. bought a new position in shares of Straight Path Communications in the 2nd quarter valued at $225,000. Finally, Candriam Luxembourg S.C.A. bought a new position in shares of Straight Path Communications in the 2nd quarter valued at $3,341,000.
Shares of Straight Path Communications Inc (NASDAQ:STRP) traded up 0.064% on Tuesday, hitting $179.415. The stock had a trading volume of 7,056 shares. The firm has a 50-day moving average of $179.16 and a 200 day moving average of $139.28. Straight Path Communications Inc has a 1-year low of $20.65 and a 1-year high of $235.88. The company’s market capitalization is $2.28 billion.
Straight Path Communications (NASDAQ:STRP) last released its quarterly earnings results on Friday, June 9th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.28). The firm had revenue of $0.17 million for the quarter, compared to analysts’ expectations of $0.17 million. During the same period in the prior year, the business earned $0.25 EPS. On average, equities analysts anticipate that Straight Path Communications Inc will post ($3.19) earnings per share for the current fiscal year.
In related news, major shareholder Howard S. Jonas sold 21,213 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $179.11, for a total value of $3,799,460.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Davidi Jonas sold 9,395 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $179.94, for a total transaction of $1,690,536.30. The disclosure for this sale can be found here. Insiders sold 389,423 shares of company stock valued at $69,897,848 over the last quarter.
Straight Path Communications Company Profile
Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.
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