Punch & Associates Investment Management Inc. Purchases 47,200 Shares of Perceptron, Inc. (PRCP)
Punch & Associates Investment Management Inc. raised its position in Perceptron, Inc. (NASDAQ:PRCP) by 11.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 453,000 shares of the scientific and technical instruments company’s stock after purchasing an additional 47,200 shares during the period. Punch & Associates Investment Management Inc. owned about 4.81% of Perceptron worth $3,298,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in PRCP. Goldman Sachs Group Inc. acquired a new stake in shares of Perceptron during the 1st quarter worth about $106,000. Trent Capital Management Inc. NC acquired a new stake in Perceptron during the second quarter worth approximately $138,000. Kennedy Capital Management Inc. boosted its position in Perceptron by 2.9% during the second quarter. Kennedy Capital Management Inc. now owns 27,874 shares of the scientific and technical instruments company’s stock worth $203,000 after acquiring an additional 788 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in Perceptron during the first quarter worth approximately $217,000. Finally, Northern Trust Corp boosted its position in Perceptron by 3.3% during the second quarter. Northern Trust Corp now owns 31,207 shares of the scientific and technical instruments company’s stock worth $227,000 after acquiring an additional 983 shares during the last quarter. Institutional investors own 63.05% of the company’s stock.
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Perceptron, Inc. (PRCP) traded up 0.25% during trading on Wednesday, reaching $7.98. The company had a trading volume of 308 shares. Perceptron, Inc. has a 12 month low of $5.59 and a 12 month high of $8.95. The firm’s market capitalization is $75.34 million. The stock has a 50 day moving average price of $7.49 and a 200 day moving average price of $7.71.
Perceptron (NASDAQ:PRCP) last announced its quarterly earnings data on Monday, August 28th. The scientific and technical instruments company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). Perceptron had a positive return on equity of 1.00% and a negative net margin of 0.22%. The business had revenue of $22.35 million for the quarter, compared to analyst estimates of $19.80 million. On average, equities research analysts predict that Perceptron, Inc. will post $0.41 earnings per share for the current year.
Separately, Zacks Investment Research upgraded Perceptron from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a report on Tuesday, July 11th.
Perceptron, Inc develops, produces and sells a range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and three-dimensional (3D) scanning. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines (CMMs), laser scanning and advanced analysis software.
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