40,000 Shares in Kaleyra, Inc. (NYSEAMERICAN:KLR) Bought by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. purchased a new stake in Kaleyra, Inc. (NYSEAMERICAN:KLR) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 40,000 shares of the company’s stock, valued at approximately $490,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. National Asset Management Inc. boosted its position in shares of Kaleyra by 2.2% during the 2nd quarter. National Asset Management Inc. now owns 78,130 shares of the company’s stock worth $957,000 after acquiring an additional 1,686 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in Kaleyra by 63.5% in the second quarter. Global Wealth Management Investment Advisory Inc. now owns 7,601 shares of the company’s stock valued at $93,000 after purchasing an additional 2,951 shares during the period. Alpha Paradigm Partners LLC acquired a new position in shares of Kaleyra in the first quarter worth approximately $129,000. Susquehanna Fundamental Investments LLC boosted its stake in shares of Kaleyra by 11.7% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 89,700 shares of the company’s stock valued at $1,098,000 after purchasing an additional 9,400 shares during the last quarter. Finally, Mint Tower Capital Management B.V. bought a new stake in Kaleyra during the second quarter valued at $123,000. 40.88% of the stock is owned by institutional investors and hedge funds.

In related news, Director Emilio Hirsch acquired 10,000 shares of the stock in a transaction dated Wednesday, August 18th. The shares were purchased at an average price of $9.75 per share, for a total transaction of $97,500.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Avi S. Katz sold 9,000 shares of the business’s stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $12.39, for a total value of $111,510.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,091 shares of company stock valued at $1,220,981. 50.98% of the stock is owned by company insiders.

Several equities research analysts have weighed in on the stock. Northland Securities assumed coverage on shares of Kaleyra in a research note on Wednesday, July 7th. They issued a “buy” rating and a $29.00 price target for the company. Maxim Group cut their price target on Kaleyra from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, August 10th. Finally, Zacks Investment Research upgraded Kaleyra from a “sell” rating to a “hold” rating in a report on Wednesday, August 11th.

Shares of KLR stock traded up $0.33 during trading on Monday, hitting $11.34. The company’s stock had a trading volume of 1,100 shares, compared to its average volume of 387,190. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.67. Kaleyra, Inc. has a 52 week low of $6.24 and a 52 week high of $20.75. The firm has a market cap of $468.42 million, a PE ratio of -13.59 and a beta of 0.50.

Kaleyra (NYSEAMERICAN:KLR) last released its earnings results on Monday, August 9th. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.24. Kaleyra had a negative return on equity of 61.23% and a negative net margin of 14.02%. The company had revenue of $53.99 million for the quarter, compared to analysts’ expectations of $50.71 million. On average, research analysts expect that Kaleyra, Inc. will post -0.68 earnings per share for the current year.

About Kaleyra

Kaleyra, Inc is a global group providing mobile communication services for financial institutions and enterprises of all sizes worldwide. Its proprietary platform manages multi-channel integrated communication services on a global scale, comprising of messages, push notifications, e-mail, instant messaging, voice services and chatbots.

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Institutional Ownership by Quarter for Kaleyra (NYSEAMERICAN:KLR)

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