Pacific Ridge Capital Partners LLC Buys 100,577 Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL)

Pacific Ridge Capital Partners LLC lifted its position in Comtech Telecommunications Corp. (NASDAQ:CMTL) by 21.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 562,239 shares of the communications equipment provider’s stock after acquiring an additional 100,577 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 1.97% of Comtech Telecommunications worth $1,704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new position in Comtech Telecommunications in the second quarter worth $37,000. Oak Thistle LLC bought a new position in shares of Comtech Telecommunications during the 1st quarter valued at approximately $66,000. Virtu Financial LLC purchased a new position in Comtech Telecommunications in the first quarter valued at approximately $81,000. Summit Securities Group LLC bought a new position in Comtech Telecommunications during the second quarter valued at $82,000. Finally, FourWorld Capital Management LLC bought a new position in shares of Comtech Telecommunications during the 1st quarter worth $153,000.

Comtech Telecommunications Price Performance

NASDAQ:CMTL opened at $4.20 on Friday. Comtech Telecommunications Corp. has a 52-week low of $1.53 and a 52-week high of $13.04. The stock has a fifty day moving average of $3.27 and a 200 day moving average of $2.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.28 and a current ratio of 1.78. The firm has a market capitalization of $119.67 million, a price-to-earnings ratio of -2.98, a P/E/G ratio of 1.60 and a beta of 1.58.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised Comtech Telecommunications from an “underperform” rating to a “hold” rating and set a $3.50 price target for the company in a report on Tuesday, June 25th.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company’s Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.