November 29, 2016 - By Louis Casey
A calculated and well-grounded transaction was made by the Chairman & CEO of Pc Tel Inc, Mr. Martin Singer, a few days ago, when he unloaded amount company shares – 7,400, totalling $37,003 USD, which is based on a market stock price of $5.0 per every share. It seems he is very active lately as in the last month, he quietly unloaded additional 18,002 shares of the company, worth $91,344 USD. Martin Singer owns 2.52% of the -company’s market cap or 408,187 shares. The date of sale was 29-11-2016, and it was unveiled in a SEC-filed Form 4, which you can find here.
Insitutional Activity: The institutional sentiment increased to 0.94 in Q2 2016. Its up 0.37, from 0.57 in 2016Q1. The ratio increased, as 6 funds sold all PC Tel Inc shares owned while 15 reduced positions. 5 funds bought stakes while 7 increased positions. They now own 12.49 million shares or 3.30% less from 12.91 million shares in 2016Q1.
Invesco Ltd, a Georgia-based fund reported 27,750 shares. Blackrock Gru Ltd last reported 5,574 shares in the company. Jacobs Levy Equity Mgmt Inc has invested 0.01% of its portfolio in PC Tel Inc (NASDAQ:PCTI). Blackrock Advsr Ltd Liability Company holds 12,538 shares or 0% of its portfolio. Blackrock Invest Ltd Llc last reported 0% of its portfolio in the stock. Savings Bank Of America Corporation De holds 0% of its portfolio in PC Tel Inc (NASDAQ:PCTI) for 127 shares. Rand Wealth Ltd Llc, a California-based fund reported 25,839 shares. Moreover, Nationwide Fund Advisors has 0% invested in PC Tel Inc (NASDAQ:PCTI) for 12,250 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Victory Cap reported 103,847 shares or 0% of all its holdings. Moreover, Blackrock Institutional Na has 0% invested in PC Tel Inc (NASDAQ:PCTI) for 819,740 shares. Prudential holds 0% of its portfolio in PC Tel Inc (NASDAQ:PCTI) for 47,400 shares. State Common Retirement Fund holds 0% of its portfolio in PC Tel Inc (NASDAQ:PCTI) for 300,900 shares. Moreover, Kennedy Cap Mgmt has 0.01% invested in PC Tel Inc (NASDAQ:PCTI) for 80,176 shares. Lsv Asset Management holds 0% or 39,904 shares in its portfolio.
Insider Transactions: Since November 14, 2016, the stock had 0 insider buys, and 2 selling transactions for $91,344 net activity. 17,302 shares with value of $87,844 were sold by SINGER MARTIN H on Monday, November 14.
About 315 shares traded hands. PC Tel Inc (NASDAQ:PCTI) has risen 9.25% since April 26, 2016 and is uptrending. It has outperformed by 3.99% the S&P500.
PCTEL, Inc. delivers telecom solutions. The company has a market cap of $85.66 million. The Firm operates in two divisions: Connected Solutions and RF Solutions. It currently has negative earnings. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks.
According to Zacks Investment Research, “PCTEL designs, develops, and delivers wireless solutions. PCTEL’s products include wireless local area network software products that simplify installation, roaming, Internet access and billing. Its subsidiary, DTI, designs, develops and distributes software-defined receivers and receiver-based products that measure, monitor and optimize the performance of cellular and Wi-Fi networks. . MAXRAD designs, develops, manufactures, and distributes innovative antenna solutions that facilitate and simplify wireless communications.”
Analysts await PC Tel Inc (NASDAQ:PCTI) to report earnings on March, 6. They expect $0.01 earnings per share, down 50.00% or $0.01 from last year’s $0.02 per share. PCTI’s profit will be $172,008 for 124.50 P/E if the $0.01 EPS becomes a reality. After $0.03 actual earnings per share reported by PC Tel Inc for the previous quarter, Wall Street now forecasts -66.67% negative EPS growth.
More news for PC Tel Inc (NASDAQ:PCTI) were recently published by: Dailyherald.com, which released: “Bharadwaj to lead PCTEL’s Connected Solutions group” on November 02, 2016. Rttnews.com‘s article titled: “PCTEL Inc. Earnings Climb 900% In Q3” and published on October 27, 2016 is yet another important article.
PCTEL, Inc. (PCTEL), incorporated on July 6, 1998, delivers telecom solutions. The Firm operates in two divisions: Connected Solutions and RF Solutions. PCTEL RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment creates and delivers antennas and site solutions for wireless networks globally. The Company’s antennas support wireless standards for cellular, private and broadband networks. PCTEL antennas and site solutions support networks across the world, including Supervisory Control and Data Acquisition (SCADA) for oil, gas and utilities, fleet management, industrial operations, healthcare, small cell and network timing deployment, defense, public safety, education and broadband access.
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By Louis Casey