Intact Investment Management Inc. Takes $1.59 Million Position in Sangoma Technologies Co. (NASDAQ:SANG)

Intact Investment Management Inc. acquired a new stake in Sangoma Technologies Co. (NASDAQ:SANG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 286,500 shares of the company’s stock, valued at approximately $1,587,000. Intact Investment Management Inc. owned approximately 0.86% of Sangoma Technologies as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Toronto Dominion Bank increased its position in shares of Sangoma Technologies by 1.3% during the 2nd quarter. Toronto Dominion Bank now owns 500,353 shares of the company’s stock worth $2,471,000 after purchasing an additional 6,243 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Sangoma Technologies during the 2nd quarter worth about $188,000. Unique Wealth LLC bought a new stake in Sangoma Technologies during the 2nd quarter worth about $427,000. Finally, Hillsdale Investment Management Inc. bought a new stake in Sangoma Technologies during the 1st quarter worth about $765,000. Institutional investors and hedge funds own 39.65% of the company’s stock.

Sangoma Technologies Stock Performance

Shares of NASDAQ:SANG opened at $6.24 on Tuesday. Sangoma Technologies Co. has a 12 month low of $2.18 and a 12 month high of $6.43. The company’s 50-day moving average price is $5.65 and its two-hundred day moving average price is $5.22. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.95 and a quick ratio of 0.70.

Sangoma Technologies (NASDAQ:SANG) last issued its earnings results on Wednesday, September 18th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $60.93 million during the quarter, compared to the consensus estimate of $60.89 million. Sangoma Technologies had a negative net margin of 3.50% and a negative return on equity of 3.31%. During the same period last year, the business posted ($0.04) EPS. On average, sell-side analysts predict that Sangoma Technologies Co. will post -0.07 EPS for the current year.

Sangoma Technologies Company Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.