Lantronix, Inc. (NASDAQ:LTRX – Get Rating) saw a significant drop in short interest in September. On September 15th, there was short interest totaling 416,700 shares, down 17.7% from the August 31st total of 506,200 shares. Based on an average daily trading volume of 153,100 shares, the short interest rate ratio is currently 2.7 days. About 1.5% of the stock’s shares are sold short.
Insider activity at Lantronix
In related news, CEO Paul H. Pickle sold 16,528 shares of Lantronix stock in a transaction on Friday, September 16. The stock sold at an average price of $5.23 for a total transaction of $86,441.44. Upon completion of the sale, the Chief Executive Officer now owns 654,241 shares of the Company, valued at $3,421,680.43. The transaction was disclosed in a filing with the Securities & Exchange Commission available at this link. In other Lantronix news, CEO Paul H. Pickle sold 5,193 shares of Lantronix stock in a transaction on Monday, August 29th. The stock sold at an average price of $6.51 for a total transaction of $33,806.43. Following the completion of the sale, the Chief Executive Officer now owns 472,403 shares of the Company, valued at $3,075,343.53. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In addition, CEO Paul H. Pickle sold 16,528 shares of Lantronix stock in a transaction on Friday, September 16th. The stock sold at an average price of $5.23 for a total value of $86,441.44. Following the sale, the Chief Executive Officer now directly owns 654,241 shares of the Company, valued at approximately $3,421,680.43. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 155,283 shares of the company’s stock for $891,685. Company insiders own 25.80% of the company’s shares.
Institutional inflows and outflows
Big investors recently changed their stock holdings. UBS Group AG increased its ownership of Lantronix shares by 95.1% in the first quarter. UBS Group AG now owns 3,901 shares of the tech company, valued at $26,000, after purchasing a further 1,901 shares during the period. The Royal Bank of Canada increased its holdings of Lantronix stock by 2,730.4% during the first quarter. The Royal Bank of Canada now owns 4,755 shares of the $32,000 tech company, having bought another 4,587 shares during the period. Mirabella Financial Services LLP acquired a new position in Lantronix stock valued at approximately $77,000 during the first quarter. White Pine Capital LLC acquired a new position in Lantronix stock valued at approximately $80,000 during the first quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings of Lantronix stock by 20.2% during the second quarter. O Shaughnessy Asset Management LLC now owns 13,031 shares of the technology company, valued at $70,000, after purchasing an additional 2,188 shares during the period. Hedge funds and other institutional investors own 33.62% of the company’s shares.
Lantronix value for money
LTRX shares fell $0.02 midday Friday to hit $4.81. 137,808 shares of the stock were exchanged compared to an average volume of 178,960. The company has a gearing ratio of 0.18, a current ratio of 2.53 and a quick ratio of 1.47. The company has a 50-day moving average price of $6.34 and a 200-day moving average price of $5.98. Lantronix has a 12-month low of $4.58 and a 12-month high of $10.25. The stock has a market cap of $169.02 million, a price to earnings ratio of -26.72 and a beta of 2.30.
Lantronix (NASDAQ:LTRX – Get Rating) last released its quarterly earnings results on Thursday, August 25th. The tech company reported earnings per share (EPS) of $0.08 for the quarter, beating the consensus estimate of $0.08. Lantronix had a negative return on equity of 7.74% and a negative net margin of 4.14%. In the same quarter last year, the company made ($0.04) earnings per share. On average, sell-side analysts expect Lantronix to post 0.07 EPS for the year to date.
Lantronix, Inc provides video surveillance, traffic management, infotainment systems, robotics, edge computing and remote environment management solutions in the Americas, Europe, the Middle East, Africa and Asia Pacific Japan. The Company’s IoT products include IoT system solutions that provide wired and wireless connections that increase the value and utility of modern electronic systems and devices through secure network connectivity, power delivery for IoT end devices through Power over Ethernet, application hosting, protocol conversion and media conversion, secure access for distributed IoT deployments and various other features; Embedded IoT modules, such as B. Application processing that provides computing power to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services provides a SaaS platform that enables customers to provision, monitor, manage and automate their global deployments through a single platform login.
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