Glenorchy Capital Ltd Acquires Shares of 117,548 MIND C.T.I. Ltd (NASDAQ:MNDO)

Glenorchy Capital Ltd acquired a new stake in MIND C.T.I. Ltd (NASDAQ:MNDO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 117,548 shares of the information technology services provider’s stock, valued at approximately $230,000. Glenorchy Capital Ltd owned about 0.58% of MIND C.T.I. at the end of the most recent quarter.

Separately, Guardian Wealth Management Inc. purchased a new stake in shares of MIND C.T.I. in the 3rd quarter valued at approximately $76,000. 24.32% of the stock is currently owned by hedge funds and other institutional investors.

MIND C.T.I. Stock Performance

Shares of NASDAQ MNDO remained flat at $1.88 during mid-day trading on Tuesday. 24,268 shares of the company were exchanged, compared to its average volume of 37,614. The stock has a 50-day simple moving average of $2.01 and a 200 day simple moving average of $1.98. The stock has a market cap of $37.83 million, a PE ratio of 7.52 and a beta of 0.77. MIND C.T.I. Ltd has a 1 year low of $1.82 and a 1 year high of $2.28.

MIND C.T.I. (NASDAQ:MNDO) last posted its earnings results on Wednesday, March 6th. The information technology services provider reported $0.06 EPS for the quarter. MIND C.T.I. had a net margin of 23.91% and a return on equity of 23.09%. The firm had revenue of $5.61 million for the quarter.

MIND C.T.I. Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.24 per share. This represents a yield of 11.21%. The ex-dividend date was Tuesday, March 19th. MIND C.T.I.’s payout ratio is currently 96.00%.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.