Today’s 13GD Alert: Heartland Advisors Inc Just Disclosed New Cui Global, Inc Position

Today's 13GD Alert: Heartland Advisors Inc Just Disclosed New Cui Global, Inc Position

The New Heartland Advisors Inc Holding in Cui Global, Inc

Heartland Advisors Inc filed with the SEC SC 13G/A form for Cui Global, Inc. The form can be accessed here: 000089271216001925. As reported in Heartland Advisors Inc’s form, the filler as of late owns 10.5% or 2,204,923 shares of the Industrials–company.

Cui Global, Inc stake is a new one for the for this institutional investor and it was filed because of activity on September 30, 2016. We feel this shows Heartland Advisors Inc’s positive view for the stock. For a institutional investor managing $6.06 billion in assets and having 51+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Cui Global, Inc Institutional Sentiment

Latest Security and Exchange filings show 40 investors own Cui Global, Inc. The institutional ownership in Q3 2015 is low, at 79.16% of the outstanding shares. This is increased by 3789058 the total institutional shares. 16544167 were the shares owned by these institutional investors. In total 2 funds opened new Cui Global, Inc stakes, 14 increased stakes. There were 12 that closed positions and 16 reduced them.

Wealthtrust Axiom Llc is an institutional investor bullish on Cui Global, Inc, owning 287879 shares as of Q3 2015 for 0.62% of its portfolio. White Pine Capital Llc owns 302871 shares or 0.73% of its portfolio. IL Trigran Investments Inc have 2.21% of their stock portfolio for 1362173 shares. Further, Clear Harbor Asset Management Llc reported stake worth 1.26% of its US stock portfolio. The MD Marathon Capital Management owns 1314898 shares. Cui Global, Inc is 3.45% of the manager’s US portfolio.

Business Profile

CUI Global, Inc. is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc. (CUI), CUI Japan and CUI-Canada, Inc., which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs). Its Power and Electro-Mechanical segment aggregates its product offerings into over two categories: components, including connectors, speakers, buzzers, test and measurement devices, and control solutions, including encoders and sensors, and power solutions. Its Energy segment includes its subsidiaries, Orbital Gas Systems Limited (Orbital) and the Orbital Gas Systems, North America, Inc., which consist of gas related test and measurement systems, including the GasPT, a natural gas inferential metering device. The Other segment includes corporate activity.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Heartland Advisors Inc website.

Insitutional Activity: The institutional sentiment decreased to 0.72 in Q2 2016. Its down 2.20, from 2.92 in 2016Q1. The ratio worsened, as 16 funds sold all CUI Global Inc shares owned while 13 reduced positions. 7 funds bought stakes while 14 increased positions. They now own 11.71 million shares or 2.54% less from 12.02 million shares in 2016Q1.

Marathon Management holds 3.43% or 1.32M shares in its portfolio. Art Advsr Ltd Llc holds 0.01% of its portfolio in CUI Global Inc (NASDAQ:CUI) for 25,128 shares. Blackrock Fund Advisors holds 0% of its portfolio in CUI Global Inc (NASDAQ:CUI) for 50,518 shares. Heartland Advsrs last reported 1.85 million shares in the company. Croft accumulated 0.08% or 74,400 shares. Creative Planning has 300 shares for 0% of their US portfolio. Trigran Invests has 0.1% invested in the company for 74,384 shares. Timpani Capital Ltd Llc reported 155,062 shares or 0.33% of all its holdings. California Employees Retirement has invested 0% of its portfolio in CUI Global Inc (NASDAQ:CUI). M&R Management last reported 15,000 shares in the company. White Pine Cap Lc reported 323,480 shares or 0.69% of all its holdings. State Of New Jersey Common Pension Fund D holds 0% of its portfolio in CUI Global Inc (NASDAQ:CUI) for 154,700 shares. Vanguard Group Inc owns 681,449 shares or 0% of their US portfolio. Turner Investments Ltd Partnership has 273,000 shares for 0.43% of their US portfolio. Us Bank & Trust De owns 1,000 shares or 0% of their US portfolio.

Insider Transactions: Since April 22, 2016, the stock had 6 insider purchases, and 0 sales for $58,762 net activity. 1,600 shares were bought by PRICE THOMAS A, worth $9,424. CLOUGH WILLIAM J bought $5,700 worth of stock. 2,000 shares were bought by FORD DANIEL NED, worth $13,980.

Analysts await CUI Global Inc (NASDAQ:CUI) to report earnings on November, 14. They expect $-0.01 EPS, down 200.00% or $0.02 from last year’s $0.01 per share. After $-0.05 actual EPS reported by CUI Global Inc for the previous quarter, Wall Street now forecasts -80.00% EPS growth.

About 8,218 shares traded hands. CUI Global Inc (NASDAQ:CUI) has declined 33.82% since March 2, 2016 and is downtrending. It has underperformed by 42.07% the S&P500.

CUI Global, Inc. is a platform company. The company has a market cap of $121.06 million. The Company’s divisions include Power and Electromechanical, Energy and Other. It currently has negative earnings. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc. , CUI Japan and CUI-Canada, Inc., which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).

CUI Global Inc (NASDAQ:CUI) Ratings Coverage

Out of 2 analysts covering CUI Global (NASDAQ:CUI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $12.0 is the highest target while $9 is the lowest. The $10.50 average target is 79.49% above today’s ($5.85) stock price. CUI Global has been the topic of 2 analyst reports since December 23, 2015 according to StockzIntelligence Inc. Rodman & Renshaw initiated CUI Global Inc (NASDAQ:CUI) on Wednesday, December 23 with “Buy” rating. The firm has “Buy” rating given on Wednesday, May 11 by Dougherty & Company.

More notable recent CUI Global Inc (NASDAQ:CUI) news were published by: Prnewswire.com which released: “CUI Global Announces Award of $40.0 Million, 5-Year Framework Agreement with …” on October 03, 2016, also Prnewswire.com with their article: “CUI Global Announces Technology Agreement between its Wholly Owned Subsidiary …” published on August 17, 2016, Prnewswire.com published: “CUI Global Announces $1.9 Million Award by UK Network Innovation for Delivery …” on September 06, 2016. More interesting news about CUI Global Inc (NASDAQ:CUI) were released by: Seekingalpha.com and their article: “CUI Global, Inc.: A 30% Grower Trading At 5X 2017 PE Following …” published on February 18, 2016 as well as Prnewswire.com‘s news article titled: “CUI Global Announces Award of National Grid Contract for Delivery of Gas …” with publication date: July 07, 2016.

According to Zacks Investment Research, “CUI Global Inc., formerly known as Waytronx Inc., is primarily engaged in the acquisition and development of innovative companies and technologies. CUI through its subsidiaries in engaged in the manufacture and supply of external adapters and embedded ac-dc power supplies, dc-dc converters, LED driver modules, and digital point-of-load modules. rotary encoders for motion control applications and other interconnect, sound, and thermal products. The Company also holds a 49% stake in Comex, a Japanese DSP-based hardware and software company that specializes in test and measurement equipment. It focuses on applications that demand high speed multiple channel measurement. CUI Global Inc. is based in Tualatin, Oregon.”

CUI Company Profile

CUI Global, Inc., incorporated on April 21, 1998, is a platform company. The Company’s divisions include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc. (CUI), CUI Japan and CUI-Canada, Inc., which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs). The Company’s Energy segment includes its subsidiaries, Orbital Gas Systems Limited (Orbital) and the Orbital Gas Systems, North America, Inc., which consist of gas related test and measurement systems, including the GasPT. The Other segment includes the remaining activities, primarily corporate activity.

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