Vanguard Group Inc. grew its position in shares of CUI Global Inc (NASDAQ:CUI) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 859,350 shares of the industrial products company’s stock after acquiring an additional 6,657 shares during the quarter. Vanguard Group Inc. owned 4.10% of CUI Global worth $3,300,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in CUI. Royce & Associates LP boosted its position in CUI Global by 54.6% during the 2nd quarter. Royce & Associates LP now owns 948,607 shares of the industrial products company’s stock worth $3,643,000 after acquiring an additional 335,182 shares during the last quarter. Heartland Advisors Inc. boosted its position in CUI Global by 0.4% during the 2nd quarter. Heartland Advisors Inc. now owns 2,234,850 shares of the industrial products company’s stock worth $8,582,000 after acquiring an additional 9,150 shares during the last quarter. Marathon Capital Management boosted its position in CUI Global by 2.6% during the 2nd quarter. Marathon Capital Management now owns 1,610,792 shares of the industrial products company’s stock worth $6,185,000 after acquiring an additional 40,550 shares during the last quarter. Finally, White Pine Capital LLC boosted its position in CUI Global by 1.6% during the 2nd quarter. White Pine Capital LLC now owns 267,278 shares of the industrial products company’s stock worth $1,026,000 after acquiring an additional 4,300 shares during the last quarter. 45.75% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Daniel Ned Ford acquired 12,500 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was bought at an average price of $2.80 per share, with a total value of $35,000.00. Following the acquisition, the chief financial officer now owns 49,554 shares in the company, valued at approximately $138,751.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders bought 20,000 shares of company stock valued at $56,000. 5.23% of the stock is currently owned by insiders.
Shares of CUI Global Inc (CUI) opened at $2.61 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 0.72 and a debt-to-equity ratio of 0.24. CUI Global Inc has a twelve month low of $2.48 and a twelve month high of $7.39.
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CUI Global Company Profile
CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).
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