First Quadrant L P CA raised its position in shares of Black Box Corporation (NASDAQ:BBOX) by 128.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 40,452 shares of the technology company’s stock after buying an additional 22,764 shares during the period. First Quadrant L P CA owned 0.27% of Black Box Corporation worth $346,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Black Box Corporation during the fourth quarter worth approximately $3,124,000. JPMorgan Chase & Co. boosted its stake in Black Box Corporation by 12.4% in the first quarter. JPMorgan Chase & Co. now owns 914,520 shares of the technology company’s stock worth $8,185,000 after buying an additional 100,918 shares in the last quarter. Bowling Portfolio Management LLC acquired a new stake in Black Box Corporation during the first quarter worth approximately $398,000. OppenheimerFunds Inc. boosted its stake in Black Box Corporation by 104.7% in the first quarter. OppenheimerFunds Inc. now owns 72,417 shares of the technology company’s stock worth $648,000 after buying an additional 37,046 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Black Box Corporation by 26.1% in the first quarter. Geode Capital Management LLC now owns 169,250 shares of the technology company’s stock worth $1,513,000 after buying an additional 35,045 shares in the last quarter. 94.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of Black Box Corporation (NASDAQ BBOX) opened at 3.35 on Friday. Black Box Corporation has a one year low of $3.25 and a one year high of $17.05. The stock has a 50 day moving average price of $7.30 and a 200 day moving average price of $8.57. The company’s market capitalization is $50.71 million.
Black Box Corporation (NASDAQ:BBOX) last posted its earnings results on Thursday, August 10th. The technology company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.34. Black Box Corporation had a positive return on equity of 3.05% and a negative net margin of 1.97%. The firm had revenue of $191.60 million for the quarter, compared to analysts’ expectations of $207.63 million. During the same period in the previous year, the company earned $0.13 earnings per share. The company’s revenue was down 12.3% compared to the same quarter last year. On average, equities research analysts predict that Black Box Corporation will post ($0.69) earnings per share for the current year.
Separately, Sidoti raised Black Box Corporation from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Tuesday, June 27th.
In related news, Director John S. Heller purchased 10,000 shares of Black Box Corporation stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of $4.35 per share, for a total transaction of $43,500.00. Following the transaction, the director now directly owns 52,320 shares in the company, valued at $227,592. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 3.70% of the stock is owned by corporate insiders.
Black Box Corporation Company Profile
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.
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