Kassirer Asset Management Corp Purchases Shares of 437,204 RadiSys Co. (RSYS)

Kassirer Asset Management Corp purchased a new position in RadiSys Co. (NASDAQ:RSYS) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 437,204 shares of the technology company’s stock, valued at approximately $713,000. Kassirer Asset Management Corp owned about 1.10% of RadiSys at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Paloma Partners Management Co lifted its position in shares of RadiSys by 1,223.2% in the second quarter. Paloma Partners Management Co now owns 179,318 shares of the technology company’s stock worth $125,000 after buying an additional 165,766 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of RadiSys by 171.9% in the first quarter. California Public Employees Retirement System now owns 234,416 shares of the technology company’s stock worth $150,000 after buying an additional 148,216 shares during the last quarter. Ancora Advisors LLC lifted its position in shares of RadiSys by 19.7% in the first quarter. Ancora Advisors LLC now owns 709,312 shares of the technology company’s stock worth $455,000 after buying an additional 116,565 shares during the last quarter. Finally, Arbor Wealth Management LLC acquired a new stake in shares of RadiSys in the second quarter worth about $1,981,000. 29.35% of the stock is owned by institutional investors.

Shares of NASDAQ RSYS traded up $0.01 during trading hours on Wednesday, hitting $1.60. 476 shares of the company’s stock were exchanged, compared to its average volume of 616,705. RadiSys Co. has a 1-year low of $0.53 and a 1-year high of $1.65. The company has a debt-to-equity ratio of -1.10, a quick ratio of 0.90 and a current ratio of 0.97. The stock has a market capitalization of $64.56 million, a PE ratio of -2.91 and a beta of 1.49.

RadiSys (NASDAQ:RSYS) last posted its quarterly earnings data on Tuesday, July 31st. The technology company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.13. RadiSys had a negative return on equity of 201.99% and a negative net margin of 41.30%. The business had revenue of $24.41 million during the quarter, compared to analysts’ expectations of $20.55 million. As a group, equities research analysts forecast that RadiSys Co. will post -0.15 EPS for the current fiscal year.

A number of analysts have weighed in on RSYS shares. DA Davidson cut RadiSys from a “buy” rating to a “neutral” rating in a research report on Monday, July 2nd. Roth Capital reaffirmed a “neutral” rating and issued a $6.00 price target on shares of RadiSys in a research report on Monday, July 9th. ValuEngine raised RadiSys from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research raised RadiSys from a “hold” rating to a “buy” rating and set a $1.75 price target for the company in a research report on Tuesday, August 7th. Finally, Northland Securities cut RadiSys from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $3.88.

RadiSys Company Profile

Radisys Corporation provides telecom solutions worldwide. It operates in two segments, Software-Systems and Hardware Solutions. The company's products include MediaEngine products that provide media processing capabilities required for applications, such as voice over long-term evolution (VoLTE), voice over Wi-Fi, Web real-time communication, and multimedia conferencing, as well as media interworking; and MobilityEngine, Its MobilityEngine products portfolio provide solutions for 4G, LTE-Advance and emerging 5G standards for RAN use cases, including Centralized, Virtualized and multi access edge compute (MEC).

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Institutional Ownership by Quarter for RadiSys (NASDAQ:RSYS)

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