Rhumbline Advisers Buys Shares of 60,339 Rekor Systems, Inc. (NASDAQ:REKR)

Rhumbline Advisers bought a new position in Rekor Systems, Inc. (NASDAQ:REKR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 60,339 shares of the company’s stock, valued at approximately $94,000. Rhumbline Advisers owned approximately 0.07% of Rekor Systems at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cantor Fitzgerald L. P. increased its position in Rekor Systems by 10.0% in the 4th quarter. Cantor Fitzgerald L. P. now owns 3,507,335 shares of the company’s stock valued at $11,679,000 after acquiring an additional 320,265 shares during the period. Vanguard Group Inc. raised its stake in Rekor Systems by 31.7% during the 1st quarter. Vanguard Group Inc. now owns 3,453,249 shares of the company’s stock valued at $7,908,000 after purchasing an additional 830,761 shares during the period. AWM Investment Company Inc. purchased a new position in Rekor Systems during the 1st quarter valued at about $3,323,000. Hood River Capital Management LLC purchased a new position in Rekor Systems during the 1st quarter valued at about $2,769,000. Finally, SG Americas Securities LLC boosted its stake in shares of Rekor Systems by 971.7% during the 2nd quarter. SG Americas Securities LLC now owns 672,424 shares of the company’s stock valued at $1,042,000 after buying an additional 609,678 shares during the period. 45.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Arctis Global Llc bought 2,275,000 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were acquired at an average cost of $1.40 per share, for a total transaction of $3,185,000.00. Following the purchase, the insider now owns 12,312,491 shares of the company’s stock, valued at approximately $17,237,487.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed an “outperform” rating on shares of Rekor Systems in a research report on Thursday, August 15th.

Rekor Systems Price Performance

Shares of NASDAQ:REKR opened at $1.18 on Tuesday. The stock has a market capitalization of $100.72 million, a P/E ratio of -1.62 and a beta of 1.95. The business has a 50-day moving average of $1.37 and a two-hundred day moving average of $1.64. Rekor Systems, Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $3.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.67.

Rekor Systems (NASDAQ:REKR) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. Rekor Systems had a negative return on equity of 112.99% and a negative net margin of 118.66%. The business had revenue of $12.43 million for the quarter, compared to the consensus estimate of $12.15 million. On average, equities research analysts predict that Rekor Systems, Inc. will post -0.49 EPS for the current fiscal year.

Rekor Systems Company Profile

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.