Campbell & CO Investment Adviser LLC grew its stake in shares of MiX Telematics Ltd – (NYSE:MIXT) by 70.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,449 shares of the technology company’s stock after buying an additional 7,637 shares during the quarter. Campbell & CO Investment Adviser LLC owned 0.08% of MiX Telematics worth $308,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of MIXT. AJO LP raised its holdings in MiX Telematics by 97.8% in the first quarter. AJO LP now owns 160,089 shares of the technology company’s stock worth $2,669,000 after buying an additional 79,172 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of MiX Telematics by 9.8% during the first quarter. Pinnacle Associates Ltd. now owns 172,705 shares of the technology company’s stock valued at $2,879,000 after purchasing an additional 15,435 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of MiX Telematics by 11.9% during the first quarter. Acadian Asset Management LLC now owns 903,596 shares of the technology company’s stock valued at $15,066,000 after purchasing an additional 95,981 shares during the last quarter. Quantum Capital Management raised its holdings in shares of MiX Telematics by 0.7% during the first quarter. Quantum Capital Management now owns 207,184 shares of the technology company’s stock valued at $3,454,000 after purchasing an additional 1,408 shares during the last quarter. Finally, Greenwood Capital Associates LLC purchased a new position in shares of MiX Telematics during the first quarter valued at approximately $188,000. Institutional investors own 39.05% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of MiX Telematics from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. ValuEngine lowered shares of MiX Telematics from a “hold” rating to a “sell” rating in a research report on Tuesday, June 4th.
MiX Telematics (NYSE:MIXT) last posted its quarterly earnings results on Tuesday, May 14th. The technology company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.10. The company had revenue of $507.90 million for the quarter, compared to the consensus estimate of $495.61 million. MiX Telematics had a net margin of 10.16% and a return on equity of 15.05%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. As a group, equities research analysts anticipate that MiX Telematics Ltd – will post 0.83 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Friday, May 31st were paid a $0.0704 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This is a boost from MiX Telematics’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a yield of 1.85%. MiX Telematics’s dividend payout ratio (DPR) is 28.00%.
MiX Telematics Company Profile
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; MiX Fleet Manager Essential for monitoring drivers and vehicles; and MiX Asset Manager, a solution for fleet owners and managers to track and monitor vehicles.
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