Is Calamp Corporation (NASDAQ:CAMP)’s Fuel Running High? Reports Show Less Sellers

September 17, 2017 - By Jacob Falcon

 Is Calamp Corporation (NASDAQ:CAMP)’s Fuel Running High? Reports Show Less Sellers

Investors sentiment increased to 1.67 in Q4 2016. Its up 0.58, from 1.09 in 2016Q3. It increased, as 17 investors sold CalAmp Corp. shares while 28 reduced holdings. 21 funds opened positions while 54 raised stakes. 24.60 million shares or 6.55% more from 23.09 million shares in 2016Q3 were reported.
Swiss Bancorporation invested in 0% or 59,500 shares. Independent Consultants Inc holds 0.19% in CalAmp Corp. (NASDAQ:CAMP) or 40,170 shares. Envestnet Asset Management accumulated 14,936 shares. Pinebridge Investments Limited Partnership has 0% invested in CalAmp Corp. (NASDAQ:CAMP). Arizona State Retirement invested in 18,743 shares. Jpmorgan Chase And stated it has 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Tcw Gru owns 18,879 shares or 0% of their US portfolio. Falcon Point Capital Lc has invested 2.87% in CalAmp Corp. (NASDAQ:CAMP). Riverhead Capital Mgmt Ltd Liability invested 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Dimensional Fund L P has invested 0.01% in CalAmp Corp. (NASDAQ:CAMP). Wisconsin-based State Of Wisconsin Board has invested 0.02% in CalAmp Corp. (NASDAQ:CAMP). Ahl Prtnrs Ltd Liability Partnership owns 30,576 shares. Metropolitan Life Insur holds 0% or 27,306 shares in its portfolio. Stanley stated it has 164,803 shares. Thrivent Financial For Lutherans accumulated 19,810 shares or 0% of the stock.

Since May 15, 2017, it had 0 insider buys, and 3 selling transactions for $852,400 activity. The insider Sarkissian Garo Sarkis sold $282,400.

The stock of Calamp Corporation (NASDAQ:CAMP) registered a decrease of 6.32% in short interest. CAMP’s total short interest was 1.99M shares in September as published by FINRA. Its down 6.32% from 2.12M shares, reported previously. With 184,100 shares average volume, it will take short sellers 11 days to cover their CAMP’s short positions. The short interest to Calamp Corporation’s float is 5.82%.

The stock increased 0.36% or $0.07 on September 15, reaching $19.36. About 420,936 shares traded or 85.86% up from the average. CalAmp Corp. (NASDAQ:CAMP) has risen 30.70% since September 17, 2016 and is uptrending. It has outperformed by 14.00% the S&P500.

CalAmp Corp. is a provider of wireless communications solutions for a range of applications to clients globally. The company has market cap of $685.28 million. The Firm operates through two business divisions: Wireless DataCom and Satellite. It currently has negative earnings. 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.

CalAmp Corp. (NASDAQ:CAMP) Ratings Coverage

Among 11 analysts covering CalAmp (NASDAQ:CAMP), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. CalAmp had 18 analyst reports since December 7, 2015 according to SRatingsIntel. As per Tuesday, March 22, the company rating was downgraded by Sidoti. The stock of CalAmp Corp. (NASDAQ:CAMP) has “Buy” rating given on Wednesday, December 23 by Canaccord Genuity. On Monday, August 15 the stock rating was maintained by First Analysis with “Overweight”. The rating was maintained by Northland Capital on Tuesday, September 5 with “Buy”. The rating was maintained by Northland Capital on Monday, June 26 with “Buy”. The firm has “Buy” rating given on Monday, May 9 by Sidoti. The stock of CalAmp Corp. (NASDAQ:CAMP) has “Hold” rating given on Monday, August 28 by J.P. Morgan. The stock has “Market Perform” rating by William Blair on Wednesday, April 20. The company was downgraded on Friday, September 30 by First Analysis. Canaccord Genuity maintained it with “Buy” rating and $2300 target in Thursday, August 10 report.

More notable recent CalAmp Corp. (NASDAQ:CAMP) news were published by: Fool.com which released: “CalAmp Corporation Delivers As Promised” on June 28, 2017, also Fool.com with their article: “What Sierra Wireless does” published on June 22, 2017, Fool.com published: “Why CalAmp Corp. Shareholders Have Nothing to Worry About” on May 31, 2017. More interesting news about CalAmp Corp. (NASDAQ:CAMP) were released by: Fool.com and their article: “Better Buy: CalAmp Corp. vs. NVIDIA” published on August 27, 2017 as well as Fool.com‘s news article titled: “Why CalAmp Corp. Shares Popped Today” with publication date: April 19, 2017.

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