Today’s Stock On Watch: Could Calamp Corporation (NASDAQ:CAMP) See a Reversal After More Sellers Came In?

November 28, 2016 - By Adrian Mccoy   ·   0 Comments

Today's Stock On Watch: Could Calamp Corporation (NASDAQ:CAMP) See a Reversal After More Sellers Came In?

The stock of Calamp Corporation (NASDAQ:CAMP) registered an increase of 4.9% in short interest. CAMP’s total short interest was 4.24 million shares in November as published by FINRA. Its up 4.9% from 4.04 million shares, reported previously. With 417,600 shares average volume, it will take short sellers 10 days to cover their CAMP’s short positions. The short interest to Calamp Corporation’s float is 12.1%. About 120,899 shares traded hands. CalAmp Corp. (NASDAQ:CAMP) has risen 1.17% since April 25, 2016 and is uptrending. It has underperformed by 4.85% the S&P500.

CalAmp Corp. is a provider of wireless communications solutions for a range of applications to clients globally. The company has a market cap of $553.52 million. The Firm operates through two business divisions: Wireless DataCom and Satellite. It has a 77.77 P/E ratio. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

Insitutional Activity: The institutional sentiment increased to 1.09 in Q2 2016. Its up 0.09, from 1 in 2016Q1. The ratio improved, as 23 funds sold all CalAmp Corp. shares owned while 46 reduced positions. 21 funds bought stakes while 48 increased positions. They now own 22.80 million shares or 12.80% less from 26.15 million shares in 2016Q1.
Victory Capital Mngmt last reported 6,320 shares in the company. Northern reported 463,937 shares or 0% of all its holdings. California Public Employees Retirement System accumulated 293,700 shares or 0.01% of the stock. State Street last reported 0% of its portfolio in the stock. Highbridge Capital Mgmt Limited Company has invested 0.01% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Gsa Llp last reported 0.02% of its portfolio in the stock. Thomson Horstmann & Bryant has 1.18% invested in the company for 612,673 shares. Comerica Bancshares has 0% invested in the company for 36,507 shares. Morgan Stanley last reported 366,551 shares in the company. Legal & General Gru Public Limited Liability Corp has 4,701 shares for 0% of their US portfolio. Great West Life Assurance Can has invested 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Royal Comml Bank Of Canada has 167,178 shares for 0% of their US portfolio. Prescott Management Llc has 0.51% invested in the company for 142,345 shares. Putnam Llc last reported 0% of its portfolio in the stock. Moreover, Westwood Mgmt Il has 0.21% invested in CalAmp Corp. (NASDAQ:CAMP) for 73,000 shares.

Insider Transactions: Since July 1, 2016, the stock had 1 insider purchase, and 5 sales for $913,945 net activity. $21,000 worth of shares were sold by VITELLE RICHARD K on Friday, July 1. On Monday, November 21 Sarkissian Garo Sarkis sold $45,179 worth of the stock or 2,992 shares. The insider GARDNER JEFFERY R bought 1,000 shares worth $14,110.

CalAmp Corp. (NASDAQ:CAMP) Ratings Coverage

Out of 9 analysts covering CalAmp (NASDAQ:CAMP), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. CalAmp has been the topic of 11 analyst reports since December 7, 2015 according to StockzIntelligence Inc. The rating was downgraded by Sidoti on Tuesday, March 22 to “Neutral”. The stock of CalAmp Corp. (NASDAQ:CAMP) earned “Hold” rating by Aegis Capital on Monday, October 3. Sidoti upgraded the shares of CAMP in a report on Monday, May 9 to “Buy” rating. The firm has “Buy” rating given on Monday, December 7 by Chardan Capital Markets. The stock of CalAmp Corp. (NASDAQ:CAMP) earned “Market Perform” rating by William Blair on Wednesday, April 20. The stock of CalAmp Corp. (NASDAQ:CAMP) earned “Neutral” rating by Macquarie Research on Monday, October 31. The rating was maintained by First Analysis on Monday, August 15 with “Overweight”. The firm has “Equal-Weight” rating given on Friday, September 30 by First Analysis. The company was maintained on Wednesday, December 23 by Canaccord Genuity. Craig Hallum maintained it with “Buy” rating and $20 target price in Wednesday, June 29 report.

CAMP Company Profile

CalAmp Corp. (CalAmp), incorporated on September 8, 1987, is a well-known provider of wireless communications solutions for a range of applications to clients globally. The Firm operates through two business divisions: Wireless DataCom and Satellite. The Firm has facilities in various locations, including Carlsbad, California; Torrance, California; Herndon, Virginia; Waseca, Minnesota; Eden Prairie, Minnesota, and Auckland, New Zealand.

More notable recent CalAmp Corp. (NASDAQ:CAMP) news were published by: Fool.com which released: “Why CalAmp Corp. Stock Plunged 16.5% in April” on May 12, 2016, also Fool.com with their article: “CalAmp Corp. Keeps Moving Forward” published on July 19, 2016, Fool.com published: “CalAmp Corp. Loses Its (Satellite) Signal” on April 20, 2016. More interesting news about CalAmp Corp. (NASDAQ:CAMP) were released by: Streetinsider.com and their article: “UPDATE: Macquarie Starts CalAmp Corp. (CAMP) at Neutral” published on October 31, 2016 as well as Zacks.com‘s news article titled: “Weakness Seen in CalAmp Corp. (CAMP) Estimates: Should You Stay Away?” with publication date: October 27, 2016.

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By Adrian Mccoy


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