Topline Capital Management LLC Invests $911,000 in Cambium Networks Co. (NASDAQ:CMBM)

Topline Capital Management LLC acquired a new stake in shares of Cambium Networks Co. (NASDAQ:CMBM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,412,189 shares of the company’s stock, valued at approximately $911,000. Topline Capital Management LLC owned approximately 5.00% of Cambium Networks as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. XTX Topco Ltd bought a new position in Cambium Networks during the 4th quarter valued at $27,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Cambium Networks in the 4th quarter valued at about $187,000. Renaissance Technologies LLC lifted its position in shares of Cambium Networks by 262.6% during the fourth quarter. Renaissance Technologies LLC now owns 501,800 shares of the company’s stock worth $324,000 after purchasing an additional 363,399 shares during the last quarter. Finally, AMH Equity Ltd acquired a new position in Cambium Networks in the fourth quarter worth about $536,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Cambium Networks Stock Up 2.4 %

Shares of Cambium Networks stock opened at $0.40 on Friday. The business has a 50-day moving average price of $0.64 and a 200 day moving average price of $0.96. Cambium Networks Co. has a fifty-two week low of $0.23 and a fifty-two week high of $4.43. The firm has a market cap of $11.27 million, a P/E ratio of -0.13 and a beta of 1.26.

Cambium Networks Profile

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.