Lantronix, Inc. (NASDAQ:LTRX) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd cut its holdings in shares of Lantronix, Inc. (NASDAQ:LTRX) by 44.9% during the third quarter, Holdings Channel.com reports. The fund owned 22,248 shares of the technology company’s stock after selling 18,126 shares during the period. Quadrature Capital Ltd’s holdings in Lantronix were worth $92,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LTRX. Vanguard Group Inc. boosted its position in Lantronix by 10.3% during the first quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock worth $4,995,000 after acquiring an additional 131,476 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Lantronix by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock valued at $3,629,000 after purchasing an additional 159,671 shares in the last quarter. Herald Investment Management Ltd increased its holdings in shares of Lantronix by 17.6% in the second quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock valued at $3,550,000 after purchasing an additional 150,000 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Lantronix by 65.0% during the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock worth $3,036,000 after buying an additional 336,781 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Lantronix by 30.4% during the second quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock worth $2,323,000 after buying an additional 152,400 shares in the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Lantronix Stock Performance

Shares of LTRX stock opened at $3.61 on Friday. The firm has a 50 day moving average of $3.49 and a two-hundred day moving average of $3.66. The stock has a market capitalization of $138.89 million, a PE ratio of -25.79 and a beta of 2.04. The company has a quick ratio of 1.78, a current ratio of 2.61 and a debt-to-equity ratio of 0.16. Lantronix, Inc. has a 52 week low of $2.48 and a 52 week high of $6.95.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Canaccord Genuity Group cut their target price on Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. StockNews.com cut shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC cut their target price on Lantronix from $7.00 to $5.50 and set a “buy” rating on the stock in a research report on Monday, November 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Lantronix currently has an average rating of “Buy” and an average target price of $6.50.

Insider Activity at Lantronix

In other news, Director Hoshi Printer bought 15,000 shares of Lantronix stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of $2.90 per share, with a total value of $43,500.00. Following the acquisition, the director now owns 176,075 shares of the company’s stock, valued at approximately $510,617.50. This trade represents a 9.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Bernhard Bruscha sold 25,000 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $4.17, for a total value of $104,250.00. Following the completion of the sale, the insider now directly owns 5,218,971 shares of the company’s stock, valued at approximately $21,763,109.07. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Lantronix Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute 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 offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.