Insider Buying: Lantronix, Inc. (NASDAQ:LTRX) Director Purchases 15,000 Shares of Stock

Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $2.70 per share, with a total value of $40,500.00. Following the transaction, the director now directly owns 191,425 shares in the company, valued at $516,847.50. This represents a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Lantronix Price Performance

LTRX stock opened at $2.70 on Thursday. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15. Lantronix, Inc. has a one year low of $2.48 and a one year high of $4.55. The firm has a market capitalization of $104.73 million, a PE ratio of -20.77 and a beta of 1.94. The firm has a 50-day moving average of $3.52 and a two-hundred day moving average of $3.59.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. On average, analysts forecast that Lantronix, Inc. will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

LTRX has been the subject of a number of research analyst reports. Canaccord Genuity Group cut their price target on shares of Lantronix from $5.00 to $4.50 and set a “buy” rating for the company in a report on Friday, February 7th. StockNews.com downgraded shares of Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Needham & Company LLC reissued a “buy” rating and issued a $5.50 price target on shares of Lantronix in a report on Tuesday, January 21st. Finally, Lake Street Capital cut their price target on shares of Lantronix from $6.00 to $5.00 and set a “buy” rating for the company in a report on Friday, February 7th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $6.00.

Institutional Trading of Lantronix

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Lantronix by 16.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,323,971 shares of the technology company’s stock valued at $5,455,000 after purchasing an additional 186,479 shares during the period. Truffle Hound Capital LLC acquired a new position in shares of Lantronix in the 4th quarter valued at about $4,120,000. Marshall Wace LLP increased its holdings in shares of Lantronix by 16.5% in the 4th quarter. Marshall Wace LLP now owns 483,868 shares of the technology company’s stock valued at $1,994,000 after purchasing an additional 68,669 shares during the period. Geode Capital Management LLC increased its holdings in shares of Lantronix by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock valued at $1,394,000 after purchasing an additional 10,413 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Lantronix by 3.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 284,108 shares of the technology company’s stock valued at $1,171,000 after purchasing an additional 8,992 shares during the period. 39.38% of the stock is owned by hedge funds and other institutional investors.

About Lantronix

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.