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Joseph R. Nerges, a ten percent owner of CSP Inc . (NASDAQ:CSPI), has recently increased his stake in the company through a series of stock purchases. According to a Form 4 filing with the Securities and Exchange Commission, Nerges acquired a total of $31,041 worth of CSP Inc. common stock. These transactions occurred between March 7 and March 11, 2025, at prices ranging from $15.05 to $15.95 per share. The stock, currently trading at $16.02, has shown significant momentum with a 31% gain over the past six months, according to InvestingPro data.
The acquisitions have increased Nerges’ total shares to 1,385,313. This move reflects a continued interest in CSP Inc., a company specializing in computer integrated systems design, headquartered in Lowell, Massachusetts. With a market capitalization of $158 million and a notably high P/E ratio, InvestingPro analysis suggests the stock is currently trading above its Fair Value. Investors can access 8 additional ProTips and comprehensive valuation metrics through InvestingPro’s detailed research report.
In other recent news, CSP Inc. reported a 17% increase in revenue for the first quarter of fiscal year 2025, totaling $15.7 million. The company’s gross profit margin improved to 29.1% from 26.6% the previous year, with net income reaching $472,000 or $0.05 per diluted share. CSP Inc. remains optimistic about its growth prospects, particularly in the cybersecurity sector, and plans to expand sales through Rockwell distribution channels. Additionally, the company announced a change in its independent registered public accounting firm, replacing RSM LLP with CBIZ (NYSE:CBZ) CPAs P.C. due to internal control issues identified in business expense reimbursement and financial reporting for income taxes. CSP Inc. has implemented a remediation plan to address these weaknesses and maintains a commitment to robust financial reporting. Furthermore, CSP Inc. confirmed no disagreements with RSM on accounting principles or practices during their tenure. These developments reflect CSP Inc.’s strategic initiatives and strong financial performance as it navigates competitive and economic challenges.
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