WealthTrust Axiom LLC Reduces Stake in CUI Global Inc (NASDAQ:CUI)

WealthTrust Axiom LLC trimmed its stake in CUI Global Inc (NASDAQ:CUI) by 5.6% during the third quarter, Holdings Channel reports. The fund owned 380,491 shares of the industrial products company’s stock after selling 22,450 shares during the period. WealthTrust Axiom LLC’s holdings in CUI Global were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CUI. Clear Harbor Asset Management LLC raised its position in shares of CUI Global by 17.1% in the third quarter. Clear Harbor Asset Management LLC now owns 164,035 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 23,920 shares during the period. Cowen Prime Services LLC raised its position in shares of CUI Global by 7.3% in the second quarter. Cowen Prime Services LLC now owns 226,346 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 15,333 shares during the period. White Pine Capital LLC raised its position in shares of CUI Global by 8.8% in the second quarter. White Pine Capital LLC now owns 797,858 shares of the industrial products company’s stock valued at $656,000 after purchasing an additional 64,365 shares during the period. Marathon Capital Management raised its position in shares of CUI Global by 5.1% in the second quarter. Marathon Capital Management now owns 839,693 shares of the industrial products company’s stock valued at $690,000 after purchasing an additional 40,590 shares during the period. Finally, Grace & White Inc. NY raised its position in shares of CUI Global by 34.9% in the second quarter. Grace & White Inc. NY now owns 984,301 shares of the industrial products company’s stock valued at $809,000 after purchasing an additional 254,518 shares during the period. Hedge funds and other institutional investors own 43.62% of the company’s stock.

Separately, ValuEngine raised shares of CUI Global from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Shares of NASDAQ CUI traded up $0.03 during midday trading on Friday, hitting $0.71. The company’s stock had a trading volume of 1,700 shares, compared to its average volume of 99,346. The company has a current ratio of 1.37, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. CUI Global Inc has a one year low of $0.50 and a one year high of $1.86. The firm has a market capitalization of $20.65 million, a price-to-earnings ratio of -1.97 and a beta of 1.21. The stock has a fifty day moving average price of $0.79 and a 200 day moving average price of $0.86.

CUI Global (NASDAQ:CUI) last announced its quarterly earnings data on Wednesday, August 14th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter. CUI Global had a negative net margin of 14.94% and a negative return on equity of 21.08%. The business had revenue of $22.81 million during the quarter. On average, equities research analysts predict that CUI Global Inc will post 0.18 earnings per share for the current fiscal year.

CUI Global Profile

CUI Global, Inc, through its subsidiaries, engages in the acquisition, development, and commercialization of power and electromechanical components worldwide. The company operates in two segments, Power and Electromechanical, and Energy. The Power and Electromechanical segment offers power solutions that consists of external and embedded ac-dc power supplies, dc-dc converters, and intelligent control of energy products; components, including connectors, speakers, and buzzers; and control solutions comprising encoders and sensors, which addresses power and related accessories to consumer electronics, medical, and defense industries.

Further Reading: Why do companies issue stock splits?

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Institutional Ownership by Quarter for CUI Global (NASDAQ:CUI)

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