November 29, 2016 - By Dolores Ford
Stock trade totalling $7,825 USD was disclosed online in a report submitted to the U.S. SEC on 29-11-2016. According to which, Paul Folino, the director of Lantronix Inc also an insider of the public company had obtained a total of 5,056 shares – ( at $1.5 for a share ). It seems he is very active lately as in the last 30 days, he quietly bought additional 19,944 shares of the company, worth $28,115 USD. Paul Folino now has 115,968 shares which make up about 0.61% of the California-based company’s market cap.
Insitutional Activity: The institutional sentiment is 1 in Q2 2016. Its the same as in 2016Q1. The ratio is the same, as 0 funds sold all Lantronix Inc shares owned while 6 reduced positions. only 0 funds bought stakes while 6 increased positions. They now own 2.15 million shares or 2.42% more from 2.10 million shares in 2016Q1.
Kennedy Cap Mngmt holds 283,788 shares or 0.01% of its portfolio. Blackrock Institutional Tru Na last reported 106,433 shares in the company. Goldman Sachs Grp last reported 0% of its portfolio in the stock. Citadel Advsr Ltd accumulated 17,477 shares or 0% of the stock. Penbrook Management Lc accumulated 0.08% or 72,339 shares. Northern, a Illinois-based fund reported 12,240 shares. Vanguard Grp, a Pennsylvania-based fund reported 380,754 shares. Ladenburg Thalmann accumulated 2,338 shares or 0% of the stock. Blackrock Fund Advsrs accumulated 0% or 1,597 shares. California Public Employees Retirement System accumulated 0% or 58,633 shares. Roanoke Asset Management New York accumulated 127,000 shares or 0.06% of the stock. Blackrock Advisors Llc has 9,095 shares for 0% of their US portfolio. Herald Inv Management Ltd holds 0.24% or 602,307 shares in its portfolio. Grt Ptnrs Ltd reported 47,651 shares or 0.01% of all its holdings. Manufacturers Life The, a Ontario – Canada-based fund reported 2,979 shares.
Insider Transactions: Since November 17, 2016, the stock had 3 insider buys, and 0 insider sales for $36,534 net activity. FOLINO PAUL F also bought $19,807 worth of Lantronix Inc (NASDAQ:LTRX) shares. On Thursday, November 17 the insider PRINTER HOSHI bought $8,419.
The stock increased 9.52% or $0.14 on November 29, hitting $1.61. About 186,934 shares traded hands or 501.27% up from the average. Lantronix Inc (NASDAQ:LTRX) has risen 32.43% since April 26, 2016 and is uptrending. It has outperformed by 27.17% the S&P500.
Lantronix, Inc. is a provider of secure data access and management solutions for Internet of things and information technology (IT) assets. The company has a market cap of $28.36 million. The Firm organizes its products and solutions into three product lines, including IoT, IT Management and Other. It currently has negative earnings. The Company’s IoT products consist of IoT Gateways and IoT Building Blocks.
According to Zacks Investment Research, “Lantronix designs, develops and markets products that enable almost any electronic device to be controlled, configured or reprogrammed over the Internet and/or intranets. The company’s products connect these electronic devices to the Internet and/or intranets by using the infrastructure already in place to connect businesses and homes to the Internet, including fiber optic, Ethernet and wireless connections. Its primary products that connect electronic devices are its Device Servers and Multiport Device Servers.”
Analysts await Lantronix Inc (NASDAQ:LTRX) to report earnings on February, 21. They expect $-0.05 earnings per share, down 25.00% or $0.01 from last year’s $-0.04 per share.
Another recent and important Lantronix Inc (NASDAQ:LTRX) news was published by Streetinsider.com which published an article titled: “Form 4 LANTRONIX INC For: Nov 23 Filed by: FOLINO PAUL F” on November 28, 2016.
Lantronix, Inc., incorporated on May 24, 2000, is a well-known provider of secure data access and management solutions for Internet of things (IoT) and information technology (IT) assets. The Firm organizes its products and solutions into three product lines: IoT, IT Management and Other. The Company’s connectivity solutions serves a range of industries, including data center, medical, security, industrial, transportation, retail, financial, environmental and government. The Company’s IoT solutions are sold to original equipment manufacturers (OEMs), original design manufacturers (ODMs), contract manufacturers and distributors. The Firm conducts its business in approximately three geographic regions, including the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific Japan (APJ).
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By Dolores Ford