Virtu Financial LLC Buys New Shares in LENSAR, Inc. $LNSR

Key Points

• Virtu Financial LLC acquired 28,799 shares of LENSAR, Inc. in the first quarter, valued at approximately $407,000, representing about 0.24% of the company's stock.
• Other institutional investors, including Tabor Asset Management and Draper Asset Management, have also recently made significant purchases in LENSAR, increasing overall institutional ownership to 40.15%.
• LENSAR reported a quarterly loss of ($0.15) EPS and revenues of $11.36 million, missing analysts' estimates and reflecting a negative return on equity of 737.30%.

Virtu Financial LLC purchased a new position in shares of LENSAR, Inc. (NASDAQ:LNSR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 28,799 shares of the company's stock, valued at approximately $407,000. Virtu Financial LLC owned about 0.24% of LENSAR at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LNSR. Tabor Asset Management LP bought a new position in LENSAR during the 1st quarter worth $452,000. Draper Asset Management LLC bought a new stake in LENSAR during the 1st quarter worth $565,000. Geode Capital Management LLC lifted its holdings in LENSAR by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 106,058 shares of the company's stock worth $948,000 after buying an additional 5,627 shares during the period. Huntleigh Advisors Inc. acquired a new position in LENSAR during the 1st quarter worth about $1,069,000. Finally, Renaissance Technologies LLC lifted its holdings in LENSAR by 13.3% during the 4th quarter. Renaissance Technologies LLC now owns 348,891 shares of the company's stock worth $3,119,000 after buying an additional 40,946 shares during the period. Institutional investors own 40.15% of the company's stock.

LENSAR Stock Performance

Shares of NASDAQ:LNSR traded down $0.1850 during midday trading on Tuesday, reaching $12.5650. The company's stock had a trading volume of 29,434 shares, compared to its average volume of 130,482. The firm has a market capitalization of $150.03 million, a price-to-earnings ratio of -2.98 and a beta of 0.50. The firm has a 50 day moving average price of $12.85 and a two-hundred day moving average price of $13.12. LENSAR, Inc. has a fifty-two week low of $3.80 and a fifty-two week high of $17.31.

LENSAR (NASDAQ:LNSR - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.07). LENSAR had a negative net margin of 84.49% and a negative return on equity of 737.30%. The business had revenue of $11.36 million during the quarter, compared to analyst estimates of $16.55 million.

About LENSAR

LENSAR, Inc, a commercial-stage medical device company, focuses on designing, developing, and marketing a femtosecond laser system for the treatment of cataracts and the management of pre-existing or surgically induced corneal astigmatism. It offers LENSAR Laser System that incorporates a range of proprietary technologies designed to assist the surgeon in obtaining visual outcomes, efficiency, and reproducibility by providing imaging, procedure planning, design, and precision.