First Wilshire Securities Management Inc. Buys 21,839 Shares of Aviat Networks, Inc. $AVNW

Key Points

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First Wilshire Securities Management Inc. lifted its position in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 5.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 435,031 shares of the communications equipment provider's stock after acquiring an additional 21,839 shares during the period. Aviat Networks accounts for about 2.4% of First Wilshire Securities Management Inc.'s investment portfolio, making the stock its 16th largest holding. First Wilshire Securities Management Inc. owned about 3.43% of Aviat Networks worth $8,340,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AVNW. GAMMA Investing LLC raised its position in shares of Aviat Networks by 36.9% in the 1st quarter. GAMMA Investing LLC now owns 2,592 shares of the communications equipment provider's stock worth $50,000 after acquiring an additional 699 shares in the last quarter. US Bancorp DE bought a new position in shares of Aviat Networks in the 1st quarter worth approximately $82,000. Aquatic Capital Management LLC bought a new position in shares of Aviat Networks in the 4th quarter worth approximately $106,000. Graham Capital Management L.P. bought a new position in shares of Aviat Networks in the 4th quarter worth approximately $214,000. Finally, Walleye Capital LLC bought a new position in shares of Aviat Networks in the 4th quarter worth approximately $248,000. Institutional investors own 78.62% of the company's stock.

Insiders Place Their Bets

In related news, VP Erin Boase sold 5,634 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $25.00, for a total transaction of $140,850.00. Following the completion of the transaction, the vice president owned 22,290 shares of the company's stock, valued at $557,250. This trade represents a 20.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 10,601 shares of company stock worth $255,825. 4.10% of the stock is owned by company insiders.

Aviat Networks Stock Up 6.8%

Shares of NASDAQ:AVNW traded up $1.47 during trading on Friday, hitting $23.19. The stock had a trading volume of 135,722 shares, compared to its average volume of 89,750. Aviat Networks, Inc. has a 12 month low of $12.95 and a 12 month high of $28.37. The company has a market capitalization of $295.21 million, a PE ratio of -115.95 and a beta of 1.56. The firm's fifty day moving average is $22.98 and its 200 day moving average is $21.01. The company has a quick ratio of 1.29, a current ratio of 1.62 and a debt-to-equity ratio of 0.27.

Aviat Networks Profile

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.