CUI Global Inc (CUI) Shares Sold by White Pine Capital LLC

White Pine Capital LLC cut its stake in shares of CUI Global Inc (NASDAQ:CUI) by 24.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 719,818 shares of the industrial products company’s stock after selling 232,198 shares during the period. White Pine Capital LLC’s holdings in CUI Global were worth $885,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Clear Harbor Asset Management LLC grew its position in CUI Global by 0.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,100,457 shares of the industrial products company’s stock valued at $1,354,000 after purchasing an additional 9,305 shares in the last quarter. WealthTrust Axiom LLC grew its position in CUI Global by 2.6% during the fourth quarter. WealthTrust Axiom LLC now owns 413,991 shares of the industrial products company’s stock valued at $509,000 after purchasing an additional 10,505 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in CUI Global by 68.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 26,097 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 10,585 shares in the last quarter. BlackRock Inc. grew its position in CUI Global by 31.7% during the second quarter. BlackRock Inc. now owns 109,908 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 26,470 shares in the last quarter. Finally, Cowen Prime Services LLC grew its position in CUI Global by 24.5% during the fourth quarter. Cowen Prime Services LLC now owns 222,433 shares of the industrial products company’s stock valued at $274,000 after purchasing an additional 43,799 shares in the last quarter. 58.84% of the stock is currently owned by hedge funds and other institutional investors.

CUI stock remained flat at $$1.33 during trading hours on Monday. 1,985 shares of the company’s stock traded hands, compared to its average volume of 34,502. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.01. The company has a market capitalization of $37.98 million, a P/E ratio of -3.80 and a beta of 1.37. CUI Global Inc has a 12 month low of $1.17 and a 12 month high of $3.28.

Several analysts have commented on the stock. ValuEngine raised shares of CUI Global from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Zacks Investment Research downgraded shares of CUI Global from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th.

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CUI Global Company 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.

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

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