Affinity Capital Advisors LLC Takes $54,000 Position in Kopin Co. (NASDAQ:KOPN)

Affinity Capital Advisors LLC bought a new position in Kopin Co. (NASDAQ:KOPN) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 74,627 shares of the company’s stock, valued at approximately $54,000. Affinity Capital Advisors LLC owned about 0.06% of Kopin at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in Kopin by 494.4% in the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock worth $711,000 after purchasing an additional 703,740 shares during the last quarter. Silverberg Bernstein Capital Management LLC lifted its stake in shares of Kopin by 8.5% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 678,204 shares of the company’s stock valued at $570,000 after acquiring an additional 53,300 shares during the last quarter. Murphy Pohlad Asset Management LLC boosted its holdings in Kopin by 80.5% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 107,600 shares of the company’s stock valued at $90,000 after acquiring an additional 48,000 shares during the period. AMG National Trust Bank grew its position in Kopin by 10.5% during the 2nd quarter. AMG National Trust Bank now owns 105,000 shares of the company’s stock worth $88,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Virtu Financial LLC increased its stake in Kopin by 329.4% in the 1st quarter. Virtu Financial LLC now owns 77,916 shares of the company’s stock worth $140,000 after purchasing an additional 59,770 shares during the period. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Kopin Stock Down 1.0 %

Shares of Kopin stock opened at $0.74 on Tuesday. The company has a market cap of $87.96 million, a PE ratio of -1.77 and a beta of 2.60. The business has a 50 day moving average of $0.86 and a 200 day moving average of $0.97. Kopin Co. has a 52 week low of $0.56 and a 52 week high of $2.82.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Kopin had a negative return on equity of 131.82% and a negative net margin of 114.11%. The company had revenue of $12.34 million during the quarter, compared to the consensus estimate of $9.32 million. During the same quarter last year, the company posted ($0.07) earnings per share. On average, research analysts anticipate that Kopin Co. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Lake Street Capital initiated coverage on shares of Kopin in a research note on Tuesday, June 18th. They issued a “buy” rating and a $2.50 target price on the stock. Stifel Nicolaus decreased their price objective on shares of Kopin from $3.00 to $2.50 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com downgraded shares of Kopin from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st.

Kopin Company Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.