Mint Tower Capital Management B.V. Acquires New Position in Cantaloupe, Inc. $CTLP

Mint Tower Capital Management B.V. bought a new position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 17,838 shares of the technology company’s stock, valued at approximately $196,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Creative Planning acquired a new position in shares of Cantaloupe during the 2nd quarter worth $310,000. SG Americas Securities LLC raised its stake in Cantaloupe by 224.6% during the second quarter. SG Americas Securities LLC now owns 55,543 shares of the technology company’s stock worth $610,000 after acquiring an additional 38,432 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in Cantaloupe by 10.4% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,428 shares of the technology company’s stock worth $148,000 after acquiring an additional 1,268 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cantaloupe by 17.6% in the second quarter. Geode Capital Management LLC now owns 1,637,446 shares of the technology company’s stock worth $17,997,000 after acquiring an additional 244,659 shares during the last quarter. Finally, Quinn Opportunity Partners LLC boosted its stake in shares of Cantaloupe by 1,307.4% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 152,969 shares of the technology company’s stock valued at $1,681,000 after purchasing an additional 142,100 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CTLP. Zacks Research cut shares of Cantaloupe from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cantaloupe in a report on Thursday. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Cantaloupe presently has a consensus rating of “Reduce” and an average price target of $12.73.

Insider Buying and Selling at Cantaloupe

In other Cantaloupe news, CTO Gaurav Singal sold 14,544 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $10.61, for a total transaction of $154,311.84. Following the completion of the sale, the chief technology officer owned 25,989 shares of the company’s stock, valued at approximately $275,743.29. This represents a 35.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 7.10% of the company’s stock.

Cantaloupe Stock Performance

Shares of NASDAQ CTLP opened at $10.55 on Friday. The firm has a 50 day moving average price of $10.62 and a two-hundred day moving average price of $10.29. The stock has a market cap of $777.50 million, a P/E ratio of 13.35 and a beta of 1.07. Cantaloupe, Inc. has a 52-week low of $7.01 and a 52-week high of $11.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 1.86.

Cantaloupe Company Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.