CSP (NASDAQ:CSPI) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of CSP (NASDAQ:CSPI) to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CSP in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

CSP Stock Performance

Shares of NASDAQ:CSPI opened at $11.66 on Friday. The business’s fifty day moving average price is $12.24 and its two-hundred day moving average price is $11.96. The stock has a market cap of $115.43 million, a PE ratio of -1,166.00 and a beta of 0.68. CSP has a one year low of $9.65 and a one year high of $21.95.

CSP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, December 26th will be issued a $0.03 dividend. The ex-dividend date is Friday, December 26th. This represents a $0.12 annualized dividend and a yield of 1.0%. CSP’s payout ratio is -1,200.00%.

Institutional Investors Weigh In On CSP

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in CSP by 113.0% during the second quarter. Geode Capital Management LLC now owns 158,355 shares of the information technology services provider’s stock worth $2,049,000 after purchasing an additional 83,999 shares during the period. Visionary Wealth Advisors raised its position in shares of CSP by 5.7% in the 2nd quarter. Visionary Wealth Advisors now owns 740,187 shares of the information technology services provider’s stock worth $9,578,000 after buying an additional 39,738 shares during the period. Segall Bryant & Hamill LLC acquired a new position in CSP in the third quarter valued at $222,000. Squarepoint Ops LLC purchased a new stake in CSP during the third quarter valued at about $157,000. Finally, Goldman Sachs Group Inc. grew its position in CSP by 66.0% during the first quarter. Goldman Sachs Group Inc. now owns 29,800 shares of the information technology services provider’s stock valued at $457,000 after acquiring an additional 11,850 shares during the period. 26.74% of the stock is currently owned by hedge funds and other institutional investors.

About CSP

CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.