Truffle Hound Capital LLC Purchases Shares of 1,000,000 Lantronix, Inc. (NASDAQ:LTRX)

Truffle Hound Capital LLC purchased a new stake in shares of Lantronix, Inc. (NASDAQ:LTRX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,000,000 shares of the technology company’s stock, valued at approximately $4,120,000. Lantronix makes up 1.4% of Truffle Hound Capital LLC’s holdings, making the stock its 21st biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Amundi purchased a new position in Lantronix during the 4th quarter valued at approximately $42,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Lantronix in the 3rd quarter worth approximately $60,000. Bank of New York Mellon Corp boosted its holdings in shares of Lantronix by 84.4% in the 4th quarter. Bank of New York Mellon Corp now owns 41,502 shares of the technology company’s stock worth $171,000 after purchasing an additional 18,996 shares during the period. Barclays PLC boosted its holdings in shares of Lantronix by 235.9% in the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock worth $257,000 after purchasing an additional 43,770 shares during the period. Finally, Walleye Capital LLC boosted its holdings in shares of Lantronix by 61.9% in the 3rd quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock worth $294,000 after purchasing an additional 27,325 shares during the period. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on LTRX. Needham & Company LLC reiterated a “buy” rating and issued a $5.50 target price on shares of Lantronix in a report on Tuesday, January 21st. Lake Street Capital dropped their target price on Lantronix from $6.00 to $5.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, Canaccord Genuity Group dropped their price objective on Lantronix from $5.00 to $4.50 and set a “buy” rating for the company in a report on Friday, February 7th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Lantronix has a consensus rating of “Buy” and an average price target of $6.00.

Lantronix Trading Down 1.8 %

Shares of NASDAQ LTRX opened at $2.71 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.56 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $3.19 and a two-hundred day simple moving average of $3.52. The firm has a market cap of $105.12 million, a PE ratio of -20.85 and a beta of 2.00. Lantronix, Inc. has a twelve month low of $2.49 and a twelve month high of $4.55.

Lantronix (NASDAQ:LTRX) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. Analysts expect that Lantronix, Inc. will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Lantronix

In related news, Director Kevin S. Palatnik purchased 20,000 shares of Lantronix stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $2.54 per share, with a total value of $50,800.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $50,800. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Saleel Awsare purchased 15,000 shares of Lantronix stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $2.53 per share, with a total value of $37,950.00. Following the completion of the transaction, the chief executive officer now owns 253,380 shares in the company, valued at approximately $641,051.40. This represents a 6.29 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 50,000 shares of company stock valued at $129,250 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

About Lantronix

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.