AMH Equity Ltd Purchases Shares of 200,781 Lantronix, Inc. (NASDAQ:LTRX)

AMH Equity Ltd acquired a new stake in shares of Lantronix, Inc. (NASDAQ:LTRX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 200,781 shares of the technology company's stock, valued at approximately $500,000. AMH Equity Ltd owned about 0.52% of Lantronix as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of Lantronix by 84.4% during the fourth quarter. Bank of New York Mellon Corp now owns 41,502 shares of the technology company's stock valued at $171,000 after buying an additional 18,996 shares during the last quarter. Amundi acquired a new position in Lantronix during the 4th quarter worth $42,000. Truffle Hound Capital LLC bought a new position in shares of Lantronix in the fourth quarter worth $4,120,000. American Century Companies Inc. increased its holdings in shares of Lantronix by 43.9% during the fourth quarter. American Century Companies Inc. now owns 43,937 shares of the technology company's stock valued at $181,000 after purchasing an additional 13,402 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Lantronix during the fourth quarter valued at about $444,000. Institutional investors and hedge funds own 39.38% of the company's stock.

Insider Transactions at Lantronix

In other Lantronix news, CEO Saleel Awsare bought 15,011 shares of the stock in a transaction on Tuesday, May 13th. The shares were purchased at an average cost of $2.11 per share, with a total value of $31,673.21. Following the completion of the transaction, the chief executive officer directly owned 268,391 shares of the company's stock, valued at $566,305.01. This represents a 5.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased 40,011 shares of company stock valued at $88,523 in the last ninety days. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LTRX has been the subject of a number of research reports. Lake Street Capital decreased their price target on Lantronix from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Wall Street Zen cut Lantronix from a "buy" rating to a "hold" rating in a research note on Monday, May 12th. Needham & Company LLC dropped their price target on shares of Lantronix from $5.50 to $4.50 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Canaccord Genuity Group reduced their price objective on shares of Lantronix from $4.50 to $3.00 and set a "buy" rating for the company in a research report on Monday, May 12th.

Lantronix Stock Up 1.9%

Shares of NASDAQ LTRX traded up $0.06 during mid-day trading on Friday, reaching $3.25. The company had a trading volume of 256,857 shares, compared to its average volume of 331,031. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.69 and a current ratio of 2.68. Lantronix, Inc. has a twelve month low of $1.91 and a twelve month high of $4.55. The stock's 50 day moving average is $2.57 and its 200-day moving average is $2.77. The stock has a market capitalization of $126.39 million, a PE ratio of -14.77 and a beta of 1.51.

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.