Cornercap Investment Counsel Inc. Decreases Stock Holdings in Lantronix, Inc. (NASDAQ:LTRX)

Cornercap Investment Counsel Inc. cut its stake in shares of Lantronix, Inc. (NASDAQ:LTRX) by 47.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,945 shares of the technology company’s stock after selling 56,081 shares during the period. Cornercap Investment Counsel Inc. owned 0.16% of Lantronix worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in Lantronix by 30.4% during the 2nd quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock valued at $2,323,000 after purchasing an additional 152,400 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Lantronix by 65.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after buying an additional 336,781 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Lantronix by 18.5% in the 2nd 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 during the period. Herald Investment Management Ltd grew its position 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 period. Finally, Vanguard Group Inc. boosted its stake in Lantronix by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock worth $4,995,000 after purchasing an additional 131,476 shares during the last quarter. 39.38% of the stock is currently owned by institutional investors.

Lantronix Trading Down 2.5 %

Shares of LTRX stock opened at $2.76 on Tuesday. Lantronix, Inc. has a 1-year low of $2.48 and a 1-year high of $6.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 2.03. The firm has a market capitalization of $106.18 million, a PE ratio of -19.71 and a beta of 2.14. The business’s fifty day moving average price is $3.85 and its 200 day moving average price is $3.75.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Lantronix had a negative net margin of 3.17% and a negative return on equity of 2.91%. The business had revenue of $49.08 million during the quarter, compared to analysts’ expectations of $49.10 million. As a group, sell-side analysts forecast that Lantronix, Inc. will post -0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at Lantronix

In other news, CEO Saleel Awsare bought 80,000 shares of Lantronix stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $2.66 per share, with a total value of $212,800.00. Following the completion of the transaction, the chief executive officer now owns 233,184 shares in the company, valued at approximately $620,269.44. This trade represents a 52.22 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Bernhard Bruscha sold 8,435 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $4.00, for a total value of $33,740.00. Following the sale, the insider now owns 5,373,036 shares of the company’s stock, valued at $21,492,144. This represents a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,065 shares of company stock worth $356,232 in the last three months. Company insiders own 1.60% of the company’s stock.

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.