13,965 Shares in Lantronix, Inc. (NASDAQ:LTRX) Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in shares of Lantronix, Inc. (NASDAQ:LTRX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,965 shares of the technology company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LTRX. Wasatch Advisors LP increased its position in shares of Lantronix by 11.4% in the fourth quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock worth $9,507,000 after acquiring an additional 165,711 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Lantronix by 10.3% in the first quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock worth $4,995,000 after acquiring an additional 131,476 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Lantronix by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock worth $3,629,000 after acquiring an additional 159,671 shares in the last quarter. Herald Investment Management Ltd increased 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 worth $3,550,000 after acquiring an additional 150,000 shares in the last quarter. Finally, AWM Investment Company Inc. increased its position in shares of Lantronix by 29.8% in the first quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock worth $3,522,000 after acquiring an additional 227,374 shares in the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

Insider Buying and Selling at Lantronix

In other Lantronix news, major shareholder Bernhard Bruscha sold 8,435 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $4.00, for a total transaction of $33,740.00. Following the transaction, the insider now directly owns 5,373,036 shares in the company, valued at $21,492,144. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 89,014 shares of company stock worth $371,386 in the last ninety days. 17.30% of the stock is owned by insiders.

Lantronix Price Performance

Shares of LTRX stock opened at $3.75 on Wednesday. Lantronix, Inc. has a twelve month low of $3.08 and a twelve month high of $6.95. The company has a current ratio of 2.95, a quick ratio of 2.03 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $140.93 million, a PE ratio of -20.83 and a beta of 2.13. The firm has a fifty day simple moving average of $3.78 and a 200-day simple moving average of $3.68.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. The firm had revenue of $49.08 million for the quarter, compared to the consensus estimate of $49.10 million. Equities research analysts anticipate that Lantronix, Inc. will post -0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LTRX shares. Canaccord Genuity Group started coverage on shares of Lantronix in a research report on Wednesday, September 11th. They issued a “buy” rating and a $7.50 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $7.00 target price on shares of Lantronix in a research note on Friday, September 6th. StockNews.com downgraded shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 4th. Finally, Roth Mkm restated a “buy” rating and issued a $9.00 target price on shares of Lantronix in a research note on Monday, June 17th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $7.30.

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.