PCTEL, Inc. (NASDAQ:PCTI – Get Rating) announced a quarterly dividend on Thursday, April 21, Zacks reports. Shareholders of record on Friday, May 6 will receive a dividend of 0.055 per share from the wireless communications provider on Friday, May 13. This represents an annualized dividend of $0.22 and a dividend yield of 5.00%. The ex-dividend date is Thursday, May 5.
PCTI stock opened at $4.40 on Friday. The company has a market capitalization of $81.20 million, a P/E ratio of 440.44 and a beta of 0.35. PCTEL has a 1-year low of $4.22 and a 1-year high of $7.15. The company’s 50-day moving average is $4.65 and its 200-day moving average is $5.26.
PCTEL (NASDAQ:PCTI – Get Rating) last announced its results on Thursday, February 24. The wireless communications provider reported EPS of $0.08 for the quarter. The company had revenue of $26.01 million for the quarter. PCTEL had a return on equity of 2.92% and a net margin of 0.17%.
Separately, StockNews.com began covering PCTEL in a report on Tuesday. They issued a “buy” rating on the stock.
A number of large investors have recently bought and sold shares of PCTI. Morgan Stanley increased its stake in PCTEL by 43.7% in the third quarter. Morgan Stanley now owns 25,619 shares of the wireless communications provider worth $159,000 after buying an additional 7,789 shares last quarter. Millennium Management LLC increased its stake in PCTEL by 7.1% during the 4th quarter. Millennium Management LLC now owns 189,324 shares of the wireless communications provider worth $1,073,000 after buying an additional 12,473 shares last quarter. BlackRock Inc. increased its stake in PCTEL by 0.6% during the 4th quarter. BlackRock Inc. now owns 431,328 shares of the wireless communications provider worth $2,445,000 after buying an additional 2,409 shares last quarter. Finally, Norges Bank acquired a new position in PCTEL during the 4th quarter with a value of $61,000. 54.67% of the shares are currently held by hedge funds and other institutional investors.
About PCTEL (Get a rating)
PCTEL, Inc, together with its subsidiaries, provides industrial Internet of Things (IoT) devices, antenna systems, and test and measurement solutions worldwide. The company designs and manufactures precision antennas and industrial IoT devices that are deployed in small cells, enterprise Wi-Fi access points, fleet and transit management systems, and equipment and devices. for industrial IoT.
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