HGC Investment Management Inc. Acquires Shares of 50,000 magicJack VocalTec Ltd (CALL)

HGC Investment Management Inc. acquired a new stake in magicJack VocalTec Ltd (NASDAQ:CALL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the technology company’s stock, valued at approximately $423,000. HGC Investment Management Inc. owned 0.31% of magicJack VocalTec as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. California Public Employees Retirement System boosted its stake in shares of magicJack VocalTec by 11.2% in the third quarter. California Public Employees Retirement System now owns 189,545 shares of the technology company’s stock valued at $1,355,000 after purchasing an additional 19,045 shares during the period. Citadel Advisors LLC boosted its stake in shares of magicJack VocalTec by 110.1% in the third quarter. Citadel Advisors LLC now owns 39,718 shares of the technology company’s stock valued at $284,000 after purchasing an additional 20,818 shares during the period. Sterling Capital Management LLC boosted its stake in shares of magicJack VocalTec by 24.1% in the third quarter. Sterling Capital Management LLC now owns 180,371 shares of the technology company’s stock valued at $1,290,000 after purchasing an additional 35,000 shares during the period. Cutler Group LP boosted its stake in shares of magicJack VocalTec by 610.4% in the fourth quarter. Cutler Group LP now owns 45,389 shares of the technology company’s stock valued at $383,000 after purchasing an additional 39,000 shares during the period. Finally, Emancipation Management LLC boosted its stake in shares of magicJack VocalTec by 16.3% in the third quarter. Emancipation Management LLC now owns 320,422 shares of the technology company’s stock valued at $2,291,000 after purchasing an additional 45,000 shares during the period. 50.45% of the stock is owned by institutional investors and hedge funds.

magicJack VocalTec Ltd (NASDAQ CALL) opened at $8.35 on Friday. magicJack VocalTec Ltd has a 12 month low of $5.55 and a 12 month high of $8.90. The company has a market cap of $134.76, a P/E ratio of 12.10 and a beta of 0.88.

magicJack VocalTec (NASDAQ:CALL) last issued its quarterly earnings results on Thursday, November 9th. The technology company reported $0.23 earnings per share (EPS) for the quarter. magicJack VocalTec had a negative net margin of 25.78% and a positive return on equity of 26.49%. The company had revenue of $21.66 million during the quarter.

Separately, ValuEngine raised shares of magicJack VocalTec from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 9th.

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About magicJack VocalTec

magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer.

Institutional Ownership by Quarter for magicJack VocalTec (NASDAQ:CALL)

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