Timothy Heydenreich Harned Buys 20,000 Shares of Vuzix Co. (NASDAQ:VUZI) Stock

Vuzix Co. (NASDAQ:VUZI) Director Timothy Heydenreich Harned bought 20,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was purchased at an average price of $1.31 per share, with a total value of $26,200.00. Following the acquisition, the director now directly owns 186,016 shares in the company, valued at approximately $243,680.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vuzix Stock Up 2.3 %

VUZI stock opened at $1.34 on Thursday. Vuzix Co. has a 12 month low of $1.10 and a 12 month high of $6.06. The firm’s 50-day moving average is $1.41 and its 200 day moving average is $2.02.

Vuzix (NASDAQ:VUZI) last posted its quarterly earnings results on Monday, April 15th. The company reported ($0.32) EPS for the quarter. The company had revenue of $1.07 million during the quarter. Vuzix had a negative return on equity of 51.52% and a negative net margin of 413.47%.

Analyst Upgrades and Downgrades

Separately, Craig Hallum lowered their target price on shares of Vuzix from $3.50 to $3.00 and set a “buy” rating for the company in a report on Tuesday, April 16th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Keel Point LLC purchased a new position in Vuzix in the 4th quarter worth about $27,000. Confluence Wealth Services Inc. purchased a new position in Vuzix during the 3rd quarter valued at about $38,000. KLCM Advisors Inc. increased its position in Vuzix by 35.9% during the 4th quarter. KLCM Advisors Inc. now owns 30,300 shares of the company’s stock valued at $63,000 after purchasing an additional 8,000 shares during the period. International Assets Investment Management LLC increased its position in Vuzix by 108.5% during the 4th quarter. International Assets Investment Management LLC now owns 33,047 shares of the company’s stock valued at $69,000 after purchasing an additional 17,197 shares during the period. Finally, Simmons Bank increased its position in Vuzix by 25.2% during the 3rd quarter. Simmons Bank now owns 19,900 shares of the company’s stock valued at $72,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors own 35.87% of the company’s stock.

Vuzix Company Profile

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, Europe, the Asia-Pacific, and internationally. It provides M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; Vuzix Shield smart glasses; Vuzix Ultralite smart glasses; and Mobilium logistics mobility software, which removes traditional middleware and supports various ERP systems, as well as custom and engineering solutions.