AMH Equity Ltd Invests $500,000 in Lantronix, Inc. (NASDAQ:LTRX)

AMH Equity Ltd acquired a new stake in shares of Lantronix, Inc. (NASDAQ:LTRX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 200,781 shares of the technology company's stock, valued at approximately $500,000. AMH Equity Ltd owned approximately 0.52% of Lantronix as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Lantronix by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,971 shares of the technology company's stock valued at $5,455,000 after buying an additional 186,479 shares during the last quarter. Truffle Hound Capital LLC acquired a new stake in shares of Lantronix in the 4th quarter valued at approximately $4,120,000. Marshall Wace LLP boosted 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 buying an additional 68,669 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted 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 buying an additional 8,992 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Lantronix by 5.7% during the 4th quarter. Ameriprise Financial Inc. now owns 275,985 shares of the technology company's stock valued at $1,137,000 after purchasing an additional 14,802 shares during the last quarter. Institutional investors own 39.38% of the company's stock.

Lantronix Stock Down 1.6%

NASDAQ:LTRX traded down $0.05 during trading hours on Tuesday, reaching $3.15. 232,318 shares of the company traded hands, compared to its average volume of 330,954. The company has a current ratio of 2.68, a quick ratio of 1.69 and a debt-to-equity ratio of 0.13. Lantronix, Inc. has a 1 year low of $1.91 and a 1 year high of $4.55. The stock has a market capitalization of $122.50 million, a P/E ratio of -14.32 and a beta of 1.51. The business's 50-day moving average price is $2.61 and its two-hundred day moving average price is $2.75.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Canaccord Genuity Group cut their price target on Lantronix from $4.50 to $3.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Wall Street Zen lowered Lantronix from a "buy" rating to a "hold" rating in a research note on Monday, May 12th. Needham & Company LLC cut their price target on Lantronix from $5.50 to $4.50 and set a "buy" rating on the stock in a research note on Monday, May 12th. Finally, Lake Street Capital cut their price target on Lantronix from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Friday, May 9th.

Insider Activity at Lantronix

In related news, CEO Saleel Awsare purchased 15,011 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of $2.11 per share, with a total value of $31,673.21. Following the completion of the acquisition, the chief executive officer owned 268,391 shares of the company's stock, valued at approximately $566,305.01. This trade represents a 5.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired a total of 40,011 shares of company stock valued at $88,523 over the last three months. Insiders own 1.60% of the company's stock.

Lantronix 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.