Tejara Capital Ltd Has $2.84 Million Stock Holdings in Rekor Systems, Inc. $REKR

Key Points

• Tejara Capital Ltd reduced its holdings in Rekor Systems, Inc. by 11.2%, owning approximately 3.2 million shares worth about $2.84 million after selling 403,737 shares in the first quarter.
• Rekor Systems has a market capitalization of $140.23 million and reported a loss of ($0.07) earnings per share in its most recent quarterly earnings, missing expectations by ($0.01).
• About 45.71% of Rekor Systems' stock is owned by institutional investors and hedge funds, indicating significant market interest despite recent share selling.

Tejara Capital Ltd lowered its position in shares of Rekor Systems, Inc. (NASDAQ:REKR - Free Report) by 11.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,207,722 shares of the company's stock after selling 403,737 shares during the quarter. Rekor Systems accounts for about 1.1% of Tejara Capital Ltd's holdings, making the stock its 26th largest position. Tejara Capital Ltd owned approximately 2.89% of Rekor Systems worth $2,844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in Rekor Systems in the first quarter worth approximately $85,000. Virtu Financial LLC bought a new stake in shares of Rekor Systems during the 1st quarter worth $152,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Rekor Systems by 9.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 208,087 shares of the company's stock worth $185,000 after buying an additional 18,639 shares during the period. Moloney Securities Asset Management LLC boosted its holdings in shares of Rekor Systems by 42.8% during the 1st quarter. Moloney Securities Asset Management LLC now owns 173,777 shares of the company's stock worth $154,000 after buying an additional 52,125 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Rekor Systems by 21.1% during the 1st quarter. Bank of New York Mellon Corp now owns 171,883 shares of the company's stock worth $152,000 after buying an additional 30,000 shares during the period. 45.71% of the stock is owned by hedge funds and other institutional investors.

Rekor Systems Stock Performance

Shares of NASDAQ REKR traded down $0.03 during trading hours on Friday, hitting $1.08. 1,655,287 shares of the stock were exchanged, compared to its average volume of 2,439,120. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 1.10. The company's 50 day moving average is $1.21 and its 200 day moving average is $1.21. The firm has a market capitalization of $136.44 million, a P/E ratio of -2.04 and a beta of 2.26. Rekor Systems, Inc. has a one year low of $0.62 and a one year high of $2.67.

Rekor Systems (NASDAQ:REKR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $12.36 million for the quarter, compared to the consensus estimate of $12.36 million. Rekor Systems had a negative return on equity of 146.71% and a negative net margin of 115.76%. On average, research analysts expect that Rekor Systems, Inc. will post -0.57 EPS for the current year.

Rekor Systems Profile

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.