Mix Telematics LTD (MIXT) Position Increased by G2 Investment Partners Management Llc

MiX Telematics Limited (NYSE:MIXT) Logo

G2 Investment Partners Management Llc increased its stake in Mix Telematics Ltd (MIXT) by 82.28% based on its latest 2018Q2 regulatory filing with the SEC. G2 Investment Partners Management Llc bought 318,923 shares as the company’s stock declined 12.63% while stock markets rallied. The hedge fund held 706,551 shares of the prepackaged software company at the end of 2018Q2, valued at $12.52M, up from 387,628 at the end of the previous reported quarter. G2 Investment Partners Management Llc who had been investing in Mix Telematics Ltd for a number of months, seems to be bullish on the $398.20M market cap company. The stock decreased 0.45% or $0.08 during the last trading session, reaching $17.6. About 151,590 shares traded or 24.85% up from the average. MiX Telematics Limited (NYSE:MIXT) has risen 65.45% since December 8, 2017 and is uptrending. It has outperformed by 49.83% the S&P500.

G2 Investment Partners Management Llc, which manages about $585.42M and $302.58 million US Long portfolio, decreased its stake in Stamps Com Inc (Put) (NASDAQ:STMP) by 18,351 shares to 25,500 shares, valued at $6.45M in 2018Q2, according to the filing. It also reduced its holding in Usa Technologies Inc (NASDAQ:USAT) by 1.12 million shares in the quarter, leaving it with 1.53 million shares, and cut its stake in Intricon Corp (NASDAQ:IIN).

More notable recent MiX Telematics Limited (NYSE:MIXT) news were published by: Seekingalpha.com which released: “Mix Telematics Has Been A Great Ride – Seeking Alpha” on January 12, 2017, also Businesswire.com with their article: “Dealings in Securities by Directors and by Directors of Major Subsidiaries of MiX Telematics – Business Wire” published on November 14, 2018, Prnewswire.com published: “MiX Telematics Surpasses 700,000 Subscribers – PR Newswire” on October 10, 2018. More interesting news about MiX Telematics Limited (NYSE:MIXT) were released by: Globenewswire.com and their article: “Algerian oil & gas industry leader chooses MiX Telematics solution for its fleet management – GlobeNewswire” published on October 29, 2018 as well as Seekingalpha.com‘s news article titled: “MiX Telematics: The Million Dollar Question – Seeking Alpha” with publication date: September 14, 2016.

MiX Telematics Limited (NYSE:MIXT) Ratings Coverage

Among 2 analysts covering MiX Telematics (NYSE:MIXT), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. MiX Telematics had 2 analyst reports since June 14, 2018 according to SRatingsIntel. Canaccord Genuity maintained the shares of MIXT in report on Thursday, June 14 with “Buy” rating. Raymond James upgraded the shares of MIXT in report on Monday, August 20 to “Strong Buy” rating.

MiX Telematics Limited (NYSE:MIXT) Ratings Chart

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