Top Tech Stocks For 2019

tags:RADA,ORC,ATKR,

Great Lakes Advisors LLC grew its holdings in shares of Virtusa (NASDAQ:VRTU) by 38.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,531 shares of the information technology services provider’s stock after buying an additional 45,860 shares during the quarter. Great Lakes Advisors LLC owned 0.57% of Virtusa worth $8,070,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Virtusa during the 1st quarter valued at about $107,000. We Are One Seven LLC purchased a new stake in shares of Virtusa during the 4th quarter valued at about $143,000. LS Investment Advisors LLC raised its position in shares of Virtusa by 359.5% during the 4th quarter. LS Investment Advisors LLC now owns 4,411 shares of the information technology services provider’s stock valued at $194,000 after buying an additional 3,451 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Virtusa during the 4th quarter valued at about $239,000. Finally, Invictus RG purchased a new stake in shares of Virtusa during the 4th quarter valued at about $263,000. Hedge funds and other institutional investors own 85.80% of the company’s stock.

Top Tech Stocks For 2019: Rada Electronics Industries Limited(RADA)

Advisors' Opinion:

• [By Logan Wallace]

  TESSCO Technologies (NASDAQ: TESS) and RADA Electronic Industries (NASDAQ:RADA) are both small-cap computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, institutional ownership, profitability, valuation, analyst recommendations, risk and earnings.

Top Tech Stocks For 2019: Orchid Island Capital, Inc.(ORC)

Advisors' Opinion:

• [By Paul Ausick]

  Orchid Island Capital Inc. (NYSE: ORC) fell about 9.7% to post a new 52-week low of $7.85 Thursday after closing at $8.69 on Wednesday. The 52-week high is $12.60. Volume of about 5.2 million was nearly 5 times the daily average of around 1.1 million. The company lowered its monthly dividend by 3 cents last night.

Top Tech Stocks For 2019: Atkore International Group Inc. (ATKR)

Advisors' Opinion:

• [By Stephan Byrd]

  Atkore International Group (NYSE:ATKR) was the target of some unusual options trading activity on Monday. Investors acquired 2,000 put options on the company. This is an increase of approximately 1,842% compared to the average daily volume of 103 put options.

• [By Joseph Griffin]

  Atkore International Group Inc (NYSE:ATKR) has been given an average rating of “Buy” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $23.75.

• [By Max Byerly]

  Atkore International Group (NYSE:ATKR) insider John Patrick Williamson sold 5,151 shares of the stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $21.00, for a total value of $108,171.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Spdr Bloomberg Barclays International Treasury Bond Etf (BWX) Shares Bought by Natixis

Natixis boosted its stake in shares of Spdr Bloomberg Barclays International Treasury Bond Etf (BMV:BWX) by 5.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 34,615 shares of the company’s stock after buying an additional 1,936 shares during the period. Natixis owned approximately 0.07% of Spdr Bloomberg Barclays International Treasury Bond Etf worth $1,020,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Blackhawk Capital Partners LLC. grew its stake in shares of Spdr Bloomberg Barclays International Treasury Bond Etf by 32.3% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 186,905 shares of the company’s stock worth $5,516,000 after acquiring an additional 45,679 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of Spdr Bloomberg Barclays International Treasury Bond Etf by 21.2% during the 1st quarter. Perigon Wealth Management LLC now owns 34,483 shares of the company’s stock worth $1,018,000 after acquiring an additional 6,026 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of Spdr Bloomberg Barclays International Treasury Bond Etf by 65.9% during the 1st quarter. IHT Wealth Management LLC now owns 28,586 shares of the company’s stock worth $845,000 after acquiring an additional 11,357 shares in the last quarter. Change Path LLC bought a new position in shares of Spdr Bloomberg Barclays International Treasury Bond Etf during the 1st quarter worth approximately $4,949,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Spdr Bloomberg Barclays International Treasury Bond Etf by 4.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 170,550 shares of the company’s stock worth $5,032,000 after acquiring an additional 6,551 shares in the last quarter.

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Shares of Spdr Bloomberg Barclays International Treasury Bond Etf opened at $27.85 on Friday, according to Marketbeat Ratings. Spdr Bloomberg Barclays International Treasury Bond Etf has a twelve month low of $544.00 and a twelve month high of $559.50.

The company also recently announced a monthly dividend, which was paid on Thursday, June 7th. Investors of record on Monday, June 4th were paid a $0.0234 dividend. The ex-dividend date was Friday, June 1st. This is a boost from Spdr Bloomberg Barclays International Treasury Bond Etf’s previous monthly dividend of $0.02. This represents a $0.28 annualized dividend and a dividend yield of 1.01%.

Hornby warns on sales; FY pretax loss widens

Hornby PLC (HRN.LN) on Tuesday warned that current sales are lower than expected and posted a widened pretax loss for fiscal 2018 on the back of falling revenue.

The international hobby products group, which houses its namesake Hornby train sets and Scalextric race tracks and cars, said sales for the ten weeks to June 8 fell short of expectations. The company said it took a hit from insufficient tooling investment coupled with the late placing of purchase orders with suppliers. Hornby also said it has a backlog of stock that will take some time to work through.

In the year ended March 31, Hornby's pretax loss widened to 10.1 million pounds ($13.3 million) from a loss of GBP9.5 million, the company said. On an underlying basis--excluding amortization of intangibles, foreign-exchange movements and exceptional items--the company's pretax loss widened to GBP7.6 million from GBP6.3 million.

Full-year revenue fell 25% to GBP35.7 million from GBP46.4 million in fiscal 2017, the company said.

"Tough decisions have now been taken and we are currently laying down the foundations for our future success," Hornby Chief Executive and Interim Chairman Lyndon Davies said.

Brokerages Anticipate Hercules Technology Growth Capital, Inc. (HTGC) to Post $0.28 EPS

Wall Street analysts expect that Hercules Technology Growth Capital, Inc. (NYSE:HTGC) will announce earnings of $0.28 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Hercules Technology Growth Capital’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.25. Hercules Technology Growth Capital posted earnings of $0.31 per share in the same quarter last year, which suggests a negative year over year growth rate of 9.7%. The business is scheduled to announce its next earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that Hercules Technology Growth Capital will report full-year earnings of $1.24 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.31. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.33 per share, with EPS estimates ranging from $1.22 to $1.45. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Hercules Technology Growth Capital.

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Hercules Technology Growth Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Hercules Technology Growth Capital had a net margin of 46.86% and a return on equity of 12.02%. The company had revenue of $48.70 million for the quarter, compared to analyst estimates of $49.72 million. During the same period last year, the firm earned $0.28 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Hercules Technology Growth Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. ValuEngine upgraded shares of Hercules Technology Growth Capital from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Wedbush upgraded shares of Hercules Technology Growth Capital from a “neutral” rating to an “outperform” rating and set a $13.75 price objective for the company in a report on Wednesday, February 7th. Finally, B. Riley set a $15.00 price objective on shares of Hercules Technology Growth Capital and gave the stock a “buy” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.52.

Shares of Hercules Technology Growth Capital traded down $0.05, reaching $12.34, during trading hours on Thursday, according to Marketbeat. 326,475 shares of the stock traded hands, compared to its average volume of 357,840. The company has a debt-to-equity ratio of 0.93, a current ratio of 7.08 and a quick ratio of 7.08. Hercules Technology Growth Capital has a 52 week low of $11.55 and a 52 week high of $13.97. The firm has a market capitalization of $1.06 billion, a P/E ratio of 10.64, a PEG ratio of 9.94 and a beta of 0.73.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 21st. Investors of record on Monday, May 14th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, May 11th. This represents a $1.24 dividend on an annualized basis and a yield of 10.05%. Hercules Technology Growth Capital’s dividend payout ratio (DPR) is presently 106.90%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Hercules Technology Growth Capital by 3.1% in the first quarter. Royal Bank of Canada now owns 1,897,099 shares of the financial services provider’s stock worth $22,956,000 after purchasing an additional 56,697 shares in the last quarter. Eventide Asset Management LLC purchased a new position in shares of Hercules Technology Growth Capital in the first quarter worth about $203,000. Legal & General Group Plc increased its stake in shares of Hercules Technology Growth Capital by 20.5% in the first quarter. Legal & General Group Plc now owns 313,953 shares of the financial services provider’s stock worth $3,800,000 after purchasing an additional 53,438 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Hercules Technology Growth Capital by 294.5% in the first quarter. Cubist Systematic Strategies LLC now owns 45,021 shares of the financial services provider’s stock worth $545,000 after purchasing an additional 33,609 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Hercules Technology Growth Capital in the first quarter worth about $269,000. Hedge funds and other institutional investors own 38.97% of the company’s stock.

Hercules Technology Growth Capital Company Profile

Hercules Capital, Inc, formerly known as Hercules Technology Growth Capital, Inc, is a business development company specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.

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