SummerHaven Investment Management LLC Has $504,000 Stock Holdings in SMART Global Holdings, Inc. (NASDAQ:SGH)

SummerHaven Investment Management LLC boosted its holdings in shares of SMART Global Holdings, Inc. (NASDAQ:SGH) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,624 shares of the company’s stock after purchasing an additional 588 shares during the quarter. SummerHaven Investment Management LLC’s holdings in SMART Global were worth $504,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC raised its stake in SMART Global by 2.8% during the 4th quarter. Yousif Capital Management LLC now owns 25,499 shares of the company’s stock valued at $483,000 after purchasing an additional 695 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of SMART Global by 24.5% during the fourth quarter. New York State Common Retirement Fund now owns 23,647 shares of the company’s stock valued at $448,000 after buying an additional 4,647 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of SMART Global in the fourth quarter valued at about $1,073,000. Foundry Partners LLC grew its position in SMART Global by 9.1% during the fourth quarter. Foundry Partners LLC now owns 328,458 shares of the company’s stock worth $6,218,000 after buying an additional 27,507 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in SMART Global by 48.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,963 shares of the company’s stock valued at $245,000 after acquiring an additional 4,253 shares during the period.

SMART Global Stock Up 1.1 %

NASDAQ SGH opened at $18.55 on Tuesday. SMART Global Holdings, Inc. has a 1-year low of $12.66 and a 1-year high of $29.99. The stock’s 50 day moving average is $22.27 and its two-hundred day moving average is $19.50. The company has a quick ratio of 2.66, a current ratio of 3.30 and a debt-to-equity ratio of 1.80.

Analyst Ratings Changes

A number of analysts have commented on SGH shares. Needham & Company LLC reiterated a “buy” rating and issued a $27.00 price objective on shares of SMART Global in a research report on Monday, April 22nd. Stifel Nicolaus lifted their price target on shares of SMART Global from $26.00 to $27.50 and gave the stock a “buy” rating in a research note on Wednesday, April 10th.

Insider Buying and Selling

In other SMART Global news, Director Penny Herscher sold 2,525 shares of SMART Global stock in a transaction on Monday, February 12th. The stock was sold at an average price of $22.62, for a total transaction of $57,115.50. Following the completion of the transaction, the director now directly owns 12,713 shares of the company’s stock, valued at $287,568.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other SMART Global news, Director Penny Herscher sold 2,525 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $22.62, for a total transaction of $57,115.50. Following the sale, the director now directly owns 12,713 shares of the company’s stock, valued at $287,568.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Adams bought 10,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was purchased at an average price of $18.79 per share, with a total value of $187,900.00. Following the purchase, the chief executive officer now directly owns 29,640 shares of the company’s stock, valued at approximately $556,935.60. The disclosure for this purchase can be found here. 2.30% of the stock is owned by corporate insiders.

SMART Global Company Profile

SMART Global Holdings, Inc, a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.