Globeflex Capital L P Cuts Holdings in Lantronix, Inc. (NASDAQ:LTRX)

Globeflex Capital L P decreased its position in shares of Lantronix, Inc. (NASDAQ:LTRX) by 20.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,793 shares of the technology company’s stock after selling 48,622 shares during the period. Globeflex Capital L P owned approximately 0.48% of Lantronix worth $757,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its position in Lantronix by 235.9% in the third quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock worth $257,000 after acquiring an additional 43,770 shares in the last quarter. Walleye Capital LLC boosted its position in shares of Lantronix by 61.9% during the third quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock valued at $294,000 after buying an additional 27,325 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Lantronix by 84.4% during the fourth quarter. Bank of New York Mellon Corp now owns 41,502 shares of the technology company’s stock valued at $171,000 after acquiring an additional 18,996 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lantronix during the third quarter valued at approximately $60,000. Finally, Amundi bought a new stake in shares of Lantronix during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Insider Buying and Selling at Lantronix

In other Lantronix news, CEO Saleel Awsare purchased 15,000 shares of the stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $2.53 per share, with a total value of $37,950.00. Following the completion of the acquisition, the chief executive officer now owns 253,380 shares in the company, valued at $641,051.40. This trade represents a 6.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kevin S. Palatnik purchased 20,000 shares of the stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $2.54 per share, for a total transaction of $50,800.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $50,800. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 50,000 shares of company stock valued at $129,250. 1.60% of the stock is owned by insiders.

Lantronix Price Performance

Shares of LTRX opened at $2.71 on Friday. The firm has a market capitalization of $105.12 million, a PE ratio of -20.85 and a beta of 2.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.69. Lantronix, Inc. has a 1-year low of $2.48 and a 1-year high of $4.55. The company’s fifty day moving average price is $3.35 and its 200-day moving average price is $3.55.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. On average, equities research analysts predict that Lantronix, Inc. will post -0.23 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on LTRX shares. Canaccord Genuity Group reduced their price objective on shares of Lantronix from $5.00 to $4.50 and set a “buy” rating for the company in a research note on Friday, February 7th. Lake Street Capital reduced their price objective on shares of Lantronix from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $5.50 price objective on shares of Lantronix in a research note on Tuesday, January 21st. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $6.00.

Lantronix Company 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.