Lantronix (NASDAQ:LTRX) Lowered to “Hold” at ValuEngine

ValuEngine lowered shares of Lantronix (NASDAQ:LTRX) from a buy rating to a hold rating in a report released on Saturday morning, ValuEngine reports.

Shares of NASDAQ LTRX opened at $3.56 on Friday. The firm has a market capitalization of $79.57 million, a PE ratio of 27.77 and a beta of 0.73. The firm’s 50 day moving average price is $3.48. Lantronix has a 52-week low of $2.34 and a 52-week high of $6.47.

In other Lantronix news, Director Paul F. Folino sold 32,780 shares of Lantronix stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $3.40, for a total value of $111,452.00. Following the transaction, the director now owns 68,083 shares of the company’s stock, valued at $231,482.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 43.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in LTRX. LPL Financial LLC bought a new position in Lantronix in the second quarter valued at approximately $266,000. Dimensional Fund Advisors LP lifted its stake in Lantronix by 36.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 187,973 shares of the technology company’s stock valued at $553,000 after buying an additional 49,868 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Lantronix by 22.9% in the first quarter. Acadian Asset Management LLC now owns 240,860 shares of the technology company’s stock valued at $727,000 after buying an additional 44,894 shares in the last quarter. Wedbush Securities Inc. bought a new position in Lantronix in the second quarter valued at approximately $33,000. Finally, BlackRock Inc. lifted its stake in Lantronix by 7.7% in the fourth quarter. BlackRock Inc. now owns 133,221 shares of the technology company’s stock valued at $391,000 after buying an additional 9,537 shares in the last quarter. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

About Lantronix

Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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