Van Den Berg Management I Inc. trimmed its position in CUI Global Inc (NASDAQ:CUI) by 27.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,205 shares of the industrial products company’s stock after selling 49,160 shares during the quarter. Van Den Berg Management I Inc. owned 0.45% of CUI Global worth $477,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in CUI. White Pine Capital LLC raised its position in shares of CUI Global by 1.6% during the second 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. Vanguard Group Inc. grew its stake in CUI Global by 0.8% in the second quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock valued at $3,300,000 after acquiring an additional 6,657 shares during the period. Heartland Advisors Inc. grew its stake in CUI Global by 0.4% in the second quarter. Heartland Advisors Inc. now owns 2,234,850 shares of the industrial products company’s stock valued at $8,582,000 after acquiring an additional 9,150 shares during the period. Marathon Capital Management grew its stake in CUI Global by 2.6% in the second quarter. Marathon Capital Management now owns 1,610,792 shares of the industrial products company’s stock valued at $6,185,000 after acquiring an additional 40,550 shares during the period. Finally, WealthTrust Axiom LLC grew its stake in CUI Global by 10.5% in the second quarter. WealthTrust Axiom LLC now owns 514,594 shares of the industrial products company’s stock valued at $1,976,000 after acquiring an additional 48,832 shares during the period. 45.75% of the stock is currently owned by institutional investors and hedge funds.
In other CUI Global news, CFO Daniel Ned Ford bought 12,500 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were acquired at an average cost of $2.80 per share, for a total transaction of $35,000.00. Following the purchase, the chief financial officer now owns 49,554 shares in the company, valued at approximately $138,751.20. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased a total of 20,000 shares of company stock worth $56,000 in the last 90 days. 5.23% of the stock is currently owned by company insiders.
A number of analysts recently commented on CUI shares. ValuEngine lowered CUI Global from a “sell” rating to a “strong sell” rating in a report on Friday, September 22nd. HC Wainwright reiterated a “buy” rating and set a $12.00 price objective on shares of CUI Global in a research note on Monday, October 9th. Finally, Zacks Investment Research cut CUI Global from a “hold” rating to a “sell” rating in a research 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 stock. The stock has a consensus rating of “Hold” and an average target price of $10.00.
CUI Global Inc (CUI) opened at $2.60 on Tuesday. CUI Global Inc has a 52-week low of $2.48 and a 52-week high of $7.39. The company has a quick ratio of 0.72, a current ratio of 1.39 and a debt-to-equity ratio of 0.24.
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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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