MiX Telematics Limited (NYSE:MIXT – Get Rating) Director Ian Jacobs purchased 351,525 shares of the stock in a transaction dated Monday, June 13th. The shares were acquired at an average price of $0.39 per share, with a total value of $137,094.75. Following the transaction, the director now owns 34,096,150 shares in the company, valued at $13,297,498.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ian Jacobs also recently made the following trade(s):

• On Friday, June 10th, Ian Jacobs purchased 50 shares of MiX Telematics stock. The shares were acquired at an average price of $0.40 per share, with a total value of $20.00.
• On Friday, June 3rd, Ian Jacobs acquired 190,600 shares of MiX Telematics stock. The shares were purchased at an average cost of $0.40 per share, for a total transaction of $76,240.00.
• On Wednesday, June 1st, Ian Jacobs acquired 13,050 shares of MiX Telematics stock. The shares were purchased at an average cost of $0.39 per share, for a total transaction of $5,089.50.
• On Wednesday, March 23rd, Ian Jacobs acquired 809,950 shares of MiX Telematics stock. The shares were purchased at an average cost of $0.48 per share, for a total transaction of $388,776.00.
• On Monday, March 21st, Ian Jacobs acquired 654,775 shares of MiX Telematics stock. The shares were purchased at an average cost of $0.48 per share, for a total transaction of $314,292.00.
• On Friday, March 18th, Ian Jacobs acquired 5,934,825 shares of MiX Telematics stock. The shares were purchased at an average cost of $0.48 per share, for a total transaction of $2,848,716.00.
• On Wednesday, March 16th, Ian Jacobs acquired 1,252,600 shares of MiX Telematics stock. The shares were purchased at an average cost of $0.48 per share, for a total transaction of $601,248.00.

Shares of MiX Telematics stock traded up $0.03 on Tuesday, hitting $9.74. The stock had a trading volume of 400 shares, compared to its average volume of 12,186. The stock has a 50 day moving average of $10.38 and a 200 day moving average of $11.26. MiX Telematics Limited has a twelve month low of $9.40 and a twelve month high of $16.79. The firm has a market capitalization of $236.20 million, a P/E ratio of 23.68 and a beta of 0.85.

MiX Telematics (NYSE:MIXT – Get Rating) last issued its earnings results on Thursday, May 26th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. MiX Telematics had a return on equity of 7.27% and a net margin of 6.24%. The company had revenue of $36.11 million for the quarter, compared to analysts’ expectations of $36.14 million. On average, equities analysts anticipate that MiX Telematics Limited will post 0.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 17th will be issued a dividend of $0.048 per share. This represents a $0.19 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, June 16th. MiX Telematics’s dividend payout ratio is currently 46.34%.

Separately, StockNews.com began coverage on shares of MiX Telematics in a research note on Friday. They issued a “buy” rating on the stock.

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in MiX Telematics by 7.9% during the 1st quarter. Royal Bank of Canada now owns 17,248 shares of the technology company’s stock valued at $193,000 after acquiring an additional 1,263 shares during the period. Harber Asset Management LLC grew its position in MiX Telematics by 77.0% during the first quarter. Harber Asset Management LLC now owns 382,424 shares of the technology company’s stock valued at $4,287,000 after buying an additional 166,340 shares during the period. Disciplined Growth Investors Inc. MN grew its position in MiX Telematics by 1.0% during the first quarter. Disciplined Growth Investors Inc. MN now owns 2,412,390 shares of the technology company’s stock valued at $27,043,000 after buying an additional 24,399 shares during the period. Invesco Ltd. boosted its position in shares of MiX Telematics by 26.7% in the first quarter. Invesco Ltd. now owns 21,129 shares of the technology company’s stock worth $237,000 after purchasing an additional 4,450 shares during the period. Finally, Meros Investment Management LP lifted its holdings in shares of MiX Telematics by 7.4% in the first quarter. Meros Investment Management LP now owns 282,070 shares of the technology company’s stock worth $3,162,000 after buying an additional 19,388 shares in the last quarter.

MiX Telematics Company Profile (Get Rating)

MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service (Saas) delivery model. The company offers MiX Fleet Manager, a web-based application, which provides commercial fleet management solution that gives user live and historical views of driver and vehicle performance information, including vehicle tracking and status information, as well as alerts and notifications; MiX Asset Manager, a portfolio of asset tracking products comprising generators, light towers, storage tanks, and pumps; and Matrix, a mobile asset management solutions that offers real-time and historical vehicle tracking and positioning, unauthorized vehicle use alerts, panic emergency response, crash alerts, driver behavior alerts, fuel tax logbooks, and vehicle maintenance notifications for entry-level fleets and consumers.

Further Reading

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