Verus Capital Partners LLC Takes Position in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI)

Verus Capital Partners LLC bought a new position in shares of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,600 shares of the company’s stock, valued at approximately $38,000. Verus Capital Partners LLC owned 0.07% of MultiSensor AI at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Murchinson Ltd. bought a new position in MultiSensor AI during the first quarter worth about $41,000. Sanders Morris Harris LLC increased its holdings in shares of MultiSensor AI by 644.1% during the second quarter. Sanders Morris Harris LLC now owns 3,312,701 shares of the company’s stock worth $5,433,000 after purchasing an additional 2,867,506 shares during the period. Skylands Capital LLC acquired a new stake in shares of MultiSensor AI in the second quarter valued at approximately $328,000. Connective Capital Management LLC bought a new stake in shares of MultiSensor AI in the second quarter valued at approximately $137,000. Finally, E&G Advisors LP acquired a new stake in MultiSensor AI during the third quarter worth approximately $38,000. 82.32% of the stock is owned by institutional investors and hedge funds.

MultiSensor AI Stock Performance

Shares of NASDAQ MSAI opened at $1.83 on Thursday. MultiSensor AI Holdings, Inc. has a 52 week low of $1.51 and a 52 week high of $14.00. The stock’s fifty day moving average is $2.03 and its 200 day moving average is $2.03.

MultiSensor AI (NASDAQ:MSAI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.20). MultiSensor AI had a negative net margin of 398.12% and a negative return on equity of 3,569.83%. The firm had revenue of $1.60 million during the quarter, compared to the consensus estimate of $4.50 million. On average, analysts predict that MultiSensor AI Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

About MultiSensor AI

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.