Voce Capital Management buys $4,092,984 stake in Rudolph Technologies Inc (RTEC)

Rudolph Technologies Inc (RTEC) : Voce Capital Management scooped up 4,400 additional shares in Rudolph Technologies Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 239,917 shares of Rudolph Technologies Inc which is valued at $4,092,984.Rudolph Technologies Inc makes up approximately 4.47% of Voce Capital Management’s portfolio.

Other Hedge Funds, Including , Hutchin Hill Capital Lp sold out all of its stake in RTEC during the most recent quarter. The investment firm sold 53,200 shares of RTEC which is valued $907,592.Bronfman E.l. Rothschild boosted its stake in RTEC in the latest quarter, The investment management firm added 148 additional shares and now holds a total of 1,278 shares of Rudolph Technologies Inc which is valued at $21,803. Dynamic Technology Lab Private Ltd sold out all of its stake in RTEC during the most recent quarter. The investment firm sold 22,399 shares of RTEC which is valued $382,127.Pacific Ridge Capital Partners reduced its stake in RTEC by selling 80,320 shares or 22.81% in the most recent quarter. The Hedge Fund company now holds 271,820 shares of RTEC which is valued at $4,637,249. Rudolph Technologies Inc makes up approx 1.95% of Pacific Ridge Capital Partners’s portfolio.

Rudolph Technologies Inc opened for trading at $17.58 and hit $17.7 on the upside on Thursday, eventually ending the session at $17.6, with a gain of 0.34% or 0.06 points. The heightened volatility saw the trading volume jump to 1,93,327 shares. Company has a market cap of $545 M.

On the company’s financial health, Rudolph Technologies Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.24. The company had revenue of $62.70 million for the quarter, compared to analysts expectations of $60.26 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Rudolph Technologies Inc. Rudolph Technologies Inc was Downgraded by Dougherty & Company to ” Neutral” on Jul 29, 2016. Company shares were Reiterated by Stifel on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 19 from a previous price target of $16 .

Rudolph Technologies Inc. is engaged in the design development manufacture and support of defect inspection advanced packaging lithography thin film metrology and data analysis systems and software used by microelectronics device manufacturers. The Company provides process and yield management solutions used in both wafer processing and final manufacturing through a family of standalone systems for macro-defect inspection lithography probe card test and analysis and transparent and opaque thin film measurements. The Company provides its technologies in business areas including Inspection Business Lithography Business Metrology Business and Yield Management and Process Control Software. It markets and sells its products to memory data storage flat panel and application-specific integrated circuit (ASIC) device manufacturers.

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