Alambic Investment Management L.P. Takes Position in PC Tel Inc (PCTI)

Alambic Investment Management L.P. purchased a new stake in shares of PC Tel Inc (NASDAQ:PCTI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 94,711 shares of the Wireless communications provider’s stock, valued at approximately $406,000. Alambic Investment Management L.P. owned approximately 0.52% of PC Tel at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rutabaga Capital Management LLC MA acquired a new stake in shares of PC Tel during the third quarter worth approximately $608,000. Ancora Advisors LLC increased its holdings in shares of PC Tel by 462.8% during the third quarter. Ancora Advisors LLC now owns 155,651 shares of the Wireless communications provider’s stock worth $724,000 after buying an additional 127,995 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of PC Tel by 0.8% during the third quarter. Renaissance Technologies LLC now owns 1,487,399 shares of the Wireless communications provider’s stock worth $6,916,000 after buying an additional 11,300 shares in the last quarter. Boston Partners acquired a new stake in shares of PC Tel during the fourth quarter worth approximately $576,000. Finally, FDx Advisors Inc. acquired a new stake in shares of PC Tel during the fourth quarter worth approximately $207,000. 72.87% of the stock is currently owned by institutional investors.

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Shares of PC Tel stock opened at $4.82 on Friday. The company has a market capitalization of $95.54 million, a P/E ratio of 48.20 and a beta of 0.30. PC Tel Inc has a fifty-two week low of $3.88 and a fifty-two week high of $7.60.

The business also recently declared a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 8th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Thursday, February 7th. PC Tel’s dividend payout ratio is currently 220.00%.

A number of analysts recently weighed in on PCTI shares. ValuEngine raised shares of PC Tel from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised shares of PC Tel from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Thursday. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. PC Tel has a consensus rating of “Buy” and a consensus target price of $5.33.

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PC Tel Company Profile

PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company operates in two segments, Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.

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