Pacific Ridge Capital Partners buys $3,818,103 stake in Zagg Inc (ZAGG)

Zagg Inc (ZAGG) : Pacific Ridge Capital Partners scooped up 180,020 additional shares in Zagg Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 511,810 shares of Zagg Inc which is valued at $3,818,103.Zagg Inc makes up approximately 1.61% of Pacific Ridge Capital Partners’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in ZAGG in the latest quarter, The investment management firm added 14,567 additional shares and now holds a total of 117,445 shares of Zagg Inc which is valued at $876,140.First Trust Advisors Lp reduced its stake in ZAGG by selling 916 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 20,128 shares of ZAGG which is valued at $145,123.Clarivest Asset Management reduced its stake in ZAGG by selling 127,500 shares or 51.1% in the most recent quarter. The Hedge Fund company now holds 122,010 shares of ZAGG which is valued at $772,323. Zagg Inc makes up approx 0.02% of Clarivest Asset Management’s portfolio. James Investment Research Inc sold out all of its stake in ZAGG during the most recent quarter. The investment firm sold 363,475 shares of ZAGG which is valued $2,402,570.

Zagg Inc closed down -0.06 points or -0.83% at $7.16 with 4,40,984 shares getting traded on Friday. Post opening the session at $7.22, the shares hit an intraday low of $7.11 and an intraday high of $7.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Zagg Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.04. The company had revenue of $99.83 million for the quarter, compared to analysts expectations of $93.07 million. The company’s revenue was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Zagg Inc. Company shares were Reiterated by ROTH Capital on Jul 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .

Zagg Inc. (Zagg) designs produces and distributes product solutions. The Company offers screen protection keyboards for tablet computers and mobile devices keyboard cases earbuds mobile power solutions cables and cases under the ZAGG and InvisibleShield brands. In addition the Company designs produces and distributes earbuds headphones mobile power solutions Bluetooth speakers cases and cables for mobile devices under the iFrogz brand in the fashion and youth oriented lifestyle sector. The Company designs product solutions for users of mobile devices and sells these products to consumers through global distribution partners and online. The Company offers products for market segments of handheld electronic devices including smartphones tablets MP3 players notebook computers laptops gaming devices Global Positioning System (GPS) devices watch faces and similar devices and surfaces.

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