Alambic Investment Management L.P. Decreases Stock Holdings in DASAN Zhone Solutions Inc (NASDAQ:DZSI)

Alambic Investment Management L.P. lowered its position in shares of DASAN Zhone Solutions Inc (NASDAQ:DZSI) by 25.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,579 shares of the communications equipment provider’s stock after selling 4,859 shares during the period. Alambic Investment Management L.P.’s holdings in DASAN Zhone Solutions were worth $61,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its position in shares of DASAN Zhone Solutions by 96.7% in the fourth quarter. Barclays PLC now owns 7,872 shares of the communications equipment provider’s stock valued at $70,000 after acquiring an additional 3,869 shares during the period. State Street Corp increased its holdings in DASAN Zhone Solutions by 22.7% during the 4th quarter. State Street Corp now owns 110,768 shares of the communications equipment provider’s stock valued at $981,000 after purchasing an additional 20,522 shares during the period. Heartland Advisors Inc. purchased a new position in DASAN Zhone Solutions during the 4th quarter valued at about $1,292,000. Royce & Associates LP bought a new position in DASAN Zhone Solutions during the 4th quarter valued at approximately $1,899,000. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in DASAN Zhone Solutions by 36.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 26,990 shares of the communications equipment provider’s stock worth $239,000 after buying an additional 7,140 shares during the period. 23.25% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on DZSI. B. Riley decreased their target price on DASAN Zhone Solutions from $11.50 to $10.50 and set a “buy” rating for the company in a report on Friday, May 8th. Zacks Investment Research lowered shares of DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, TheStreet lowered shares of DASAN Zhone Solutions from a “c-” rating to a “d+” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $12.44.

Shares of DZSI traded up $0.23 on Friday, reaching $5.81. The stock had a trading volume of 33,506 shares, compared to its average volume of 45,695. The company has a current ratio of 2.68, a quick ratio of 2.09 and a debt-to-equity ratio of 0.45. DASAN Zhone Solutions Inc has a 12-month low of $2.90 and a 12-month high of $14.32. The company has a 50-day simple moving average of $5.41 and a 200-day simple moving average of $7.23.

DASAN Zhone Solutions (NASDAQ:DZSI) last posted its quarterly earnings data on Thursday, May 7th. The communications equipment provider reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.09. DASAN Zhone Solutions had a negative return on equity of 3.81% and a negative net margin of 7.35%. The business had revenue of $47.48 million during the quarter, compared to the consensus estimate of $45.95 million. Equities research analysts predict that DASAN Zhone Solutions Inc will post -0.17 earnings per share for the current fiscal year.

DASAN Zhone Solutions Profile

DASAN Zhone Solutions, Inc provides network access solutions and communications platforms for service provider and enterprise networks worldwide. It offers broadband access products, including customer premise equipment, such as digital subscriber line (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals.

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Institutional Ownership by Quarter for DASAN Zhone Solutions (NASDAQ:DZSI)

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