Alambic Investment Management L.P. Takes $1.44 Million Position in Data I/O Co. (DAIO)

Alambic Investment Management L.P. purchased a new position in Data I/O Co. (NASDAQ:DAIO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 119,206 shares of the electronics maker’s stock, valued at approximately $1,435,000.

A number of other hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Data I/O by 6.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 347,736 shares of the electronics maker’s stock worth $3,463,000 after buying an additional 22,023 shares during the period. Vanguard Group Inc. increased its stake in Data I/O by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 272,922 shares of the electronics maker’s stock worth $2,170,000 after buying an additional 16,514 shares during the period. Acadian Asset Management LLC increased its stake in Data I/O by 4,730.7% in the 4th quarter. Acadian Asset Management LLC now owns 210,232 shares of the electronics maker’s stock worth $2,532,000 after buying an additional 205,880 shares during the period. Cable Hill Partners LLC increased its stake in Data I/O by 11.1% in the 3rd quarter. Cable Hill Partners LLC now owns 50,000 shares of the electronics maker’s stock worth $498,000 after buying an additional 5,000 shares during the period. Finally, Essex Investment Management Co. LLC increased its stake in Data I/O by 153.1% in the 3rd quarter. Essex Investment Management Co. LLC now owns 41,922 shares of the electronics maker’s stock worth $418,000 after buying an additional 25,361 shares during the period. 27.74% of the stock is currently owned by institutional investors.

Data I/O Co. (NASDAQ DAIO) opened at $10.52 on Tuesday. The company has a market cap of $91.06, a PE ratio of 19.13 and a beta of 1.22. Data I/O Co. has a 12 month low of $4.01 and a 12 month high of $16.49.

Separately, Lake Street Capital assumed coverage on shares of Data I/O in a research note on Monday, November 13th. They issued a “buy” rating and a $13.00 price target on the stock.

In other Data I/O news, Director Douglas Wells Brown sold 7,040 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $13.09, for a total transaction of $92,153.60. Following the transaction, the director now owns 31,774 shares of the company’s stock, valued at approximately $415,921.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark J. Gallenberger sold 13,036 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $11.50, for a total transaction of $149,914.00. Following the transaction, the director now directly owns 34,232 shares in the company, valued at approximately $393,668. The disclosure for this sale can be found here. Insiders sold a total of 55,780 shares of company stock worth $811,214 in the last ninety days. 8.60% of the stock is currently owned by insiders.

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Data I/O Company Profile

Data I/O Corporation provides programming and associated intellectual property management solutions. The Company’s solutions are used in the manufacturing of flash, microcontrollers and flash-memory-based intelligent devices. It designs, manufactures and sells programming systems used by designers and manufacturers of electronic products.

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Institutional Ownership by Quarter for Data I/O (NASDAQ:DAIO)

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