Lantronix Inc (NASDAQ:LTRX) Director Paul F. Folino sold 32,780 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $3.40, for a total value of $111,452.00. Following the transaction, the director now owns 68,083 shares of the company’s stock, valued at $231,482.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Lantronix stock traded down $0.03 during mid-day trading on Friday, hitting $3.37. 254 shares of the company were exchanged, compared to its average volume of 96,721. Lantronix Inc has a 1-year low of $2.34 and a 1-year high of $6.47. The firm has a market capitalization of $77.49 million, a P/E ratio of 26.54 and a beta of 0.81.
Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Lantronix had a return on equity of 8.19% and a net margin of 3.70%. The firm had revenue of $12.34 million during the quarter.
A number of institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new position in Lantronix during the first quarter worth $672,000. Renaissance Technologies LLC increased its stake in shares of Lantronix by 6.8% in the first quarter. Renaissance Technologies LLC now owns 702,764 shares of the technology company’s stock valued at $2,122,000 after buying an additional 45,005 shares in the last quarter. Northern Trust Corp increased its stake in shares of Lantronix by 11.5% in the first quarter. Northern Trust Corp now owns 36,232 shares of the technology company’s stock valued at $109,000 after buying an additional 3,733 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Lantronix by 10.5% in the first quarter. Dimensional Fund Advisors LP now owns 207,714 shares of the technology company’s stock valued at $627,000 after buying an additional 19,741 shares in the last quarter. Finally, Alambic Investment Management L.P. increased its stake in shares of Lantronix by 37.2% in the first quarter. Alambic Investment Management L.P. now owns 18,163 shares of the technology company’s stock valued at $55,000 after buying an additional 4,923 shares in the last quarter. Hedge funds and other institutional investors own 17.51% of the company’s stock.
Separately, ValuEngine upgraded Lantronix from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st.
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Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.
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