Vanguard Group Inc. Boosts Position in CUI Global Inc (CUI)

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.

CUI has been the subject of several recent analyst reports. ValuEngine raised CUI Global from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 10th. HC Wainwright reissued a “buy” rating and issued a $12.00 price objective on shares of CUI Global in a report on Monday, October 9th. Finally, Zacks Investment Research downgraded CUI Global from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.00.

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.

ILLEGAL ACTIVITY NOTICE: “Vanguard Group Inc. Boosts Position in CUI Global Inc (CUI)” was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.chaffeybreeze.com/2017/12/05/vanguard-group-inc-boosts-position-in-cui-global-inc-cui.html.

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).

Want to see what other hedge funds are holding CUI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CUI Global Inc (NASDAQ:CUI).

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

Receive News & Ratings for CUI Global Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CUI Global Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply