AE Wealth Management LLC Raises Holdings in Inseego Corp. (NASDAQ:INSG)

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AE Wealth Management LLC lifted its position in Inseego Corp. (NASDAQ:INSG) by 14.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 299,402 shares of the technology company’s stock after buying an additional 37,603 shares during the period. AE Wealth Management LLC owned approximately 0.29% of Inseego worth $1,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Inseego by 24.2% in the 2nd quarter. BlackRock Inc. now owns 6,294,798 shares of the technology company’s stock worth $63,514,000 after buying an additional 1,226,735 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Inseego by 6.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,472,526 shares of the technology company’s stock worth $45,128,000 after buying an additional 264,621 shares during the last quarter. State Street Corp boosted its stake in shares of Inseego by 10.0% in the 2nd quarter. State Street Corp now owns 1,647,021 shares of the technology company’s stock worth $16,618,000 after buying an additional 149,411 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Inseego by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,400,312 shares of the technology company’s stock worth $14,129,000 after buying an additional 126,930 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Inseego by 4.8% in the 2nd quarter. Northern Trust Corp now owns 810,547 shares of the technology company’s stock worth $8,178,000 after buying an additional 36,961 shares during the last quarter. Hedge funds and other institutional investors own 68.04% of the company’s stock.

Shares of Inseego stock opened at $5.94 on Tuesday. Inseego Corp. has a one year low of $5.82 and a one year high of $21.93. The stock’s fifty day moving average is $6.58 and its 200 day moving average is $7.80. The stock has a market cap of $624.45 million, a P/E ratio of -10.80 and a beta of 1.59.

Inseego (NASDAQ:INSG) last announced its earnings results on Wednesday, November 3rd. The technology company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.03. The company had revenue of $66.22 million during the quarter, compared to the consensus estimate of $65.16 million. During the same period in the prior year, the business posted ($0.06) earnings per share. As a group, equities research analysts anticipate that Inseego Corp. will post -0.47 EPS for the current fiscal year.

In other Inseego news, President Ashish Sharma purchased 5,000 shares of the firm’s stock in a transaction on Monday, November 22nd. The shares were acquired at an average cost of $6.90 per share, with a total value of $34,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dan Mondor purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, November 16th. The shares were acquired at an average cost of $6.81 per share, for a total transaction of $68,100.00. The disclosure for this purchase can be found here. 2.80% of the stock is currently owned by company insiders.

Inseego Profile

Inseego Corp. engages in the business of communications equipment. The firm’s products include mobile hotspots, industrial gateways and routers, home and enterprise routers, industrial USB modems, and telematics and mobile tracking hardware devices. Its SaaS platforms include Ctrack, an asset tracking and management solution that delivers business intelligence for fleets used in various verticals, including aviation, construction, government, and transport; and Device Management Solutions, a hosted subscription management platform.

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