Summit Trail Advisors LLC boosted its stake in MiX Telematics Ltd – (NYSE:MIXT) by 1,425.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,537 shares of the technology company’s stock after buying an additional 241,586 shares during the quarter. Summit Trail Advisors LLC owned approximately 1.15% of MiX Telematics worth $259,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. State of Wisconsin Investment Board boosted its stake in MiX Telematics by 8.3% in the 1st quarter. State of Wisconsin Investment Board now owns 43,477 shares of the technology company’s stock valued at $676,000 after buying an additional 3,317 shares in the last quarter. Sei Investments Co. boosted its stake in MiX Telematics by 47.2% in the 1st quarter. Sei Investments Co. now owns 14,155 shares of the technology company’s stock valued at $220,000 after buying an additional 4,538 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in MiX Telematics by 45.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 25,608 shares of the technology company’s stock valued at $398,000 after buying an additional 8,013 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in MiX Telematics by 2,063.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,441 shares of the technology company’s stock valued at $271,000 after buying an additional 16,635 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in MiX Telematics by 91.7% in the 4th quarter. Millennium Management LLC now owns 56,690 shares of the technology company’s stock valued at $723,000 after buying an additional 27,121 shares in the last quarter. 33.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of MiX Telematics opened at $17.95 on Monday, according to Marketbeat.com. The firm has a market capitalization of $405.26 million, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 1.46 and a beta of 0.46. MiX Telematics Ltd – has a 52-week low of $7.28 and a 52-week high of $21.00.
MiX Telematics (NYSE:MIXT) last posted its quarterly earnings data on Thursday, May 10th. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.11 by $0.09. The firm had revenue of $453.50 million during the quarter, compared to analyst estimates of $432.93 million. MiX Telematics had a net margin of 10.75% and a return on equity of 10.73%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. equities research analysts expect that MiX Telematics Ltd – will post 0.61 earnings per share for the current year.
The company also recently disclosed a special dividend, which was paid on Thursday, June 14th. Investors of record on Friday, June 1st were paid a dividend of $0.0592 per share. The ex-dividend date was Thursday, May 31st. This is a positive change from MiX Telematics’s previous special dividend of $0.03. MiX Telematics’s payout ratio is 31.03%.
Several equities analysts have issued reports on the company. Zacks Investment Research downgraded MiX Telematics from a “buy” rating to a “hold” rating in a research report on Thursday, March 29th. Canaccord Genuity lifted their price objective on MiX Telematics from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, June 14th. Finally, ValuEngine upgraded MiX Telematics from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $23.50.
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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