GSA Capital Partners LLP Takes Position in Vistance Networks, Inc. $VISN

GSA Capital Partners LLP purchased a new position in Vistance Networks, Inc. (NASDAQ:VISN – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 185,753 shares of the business services provider’s stock, valued at approximately $2,374,000.

Vistance Networks Trading Up 1.6%

Vistance Networks stock opened at $11.53 on Friday. Vistance Networks, Inc. has a 1-year low of $9.47 and a 1-year high of $20.55. The firm’s fifty day simple moving average is $12.15 and its 200-day simple moving average is $14.98. The company has a market capitalization of $2.66 billion, a P/E ratio of 0.37 and a beta of 2.36.

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Vistance Networks Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, August 27th. Shareholders of record on Monday, August 17th will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Monday, August 17th.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Vistance Networks in a research report on Monday, August 3rd. Northland Securities set a $17.00 target price on Vistance Networks in a research report on Friday, May 1st. Finally, Zacks Research lowered Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Vistance Networks has an average rating of “Hold” and a consensus price target of $19.33.

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Insiders Place Their Bets

In related news, CAO Charles A. Gilstrap bought 10,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $10.75 per share, for a total transaction of $107,500.00. Following the completion of the acquisition, the chief accounting officer directly owned 302,417 shares in the company, valued at approximately $3,250,982.75. This represents a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Vistance Networks Profile

(Free Report)

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.

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