Mobix Labs, Inc. (NASDAQ:MOBX) Shares Sold by Focus Partners Wealth

Focus Partners Wealth decreased its holdings in shares of Mobix Labs, Inc. (NASDAQ:MOBX) by 27.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,000,000 shares of the company’s stock after selling 380,000 shares during the period. Focus Partners Wealth’s holdings in Mobix Labs were worth $1,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MOBX. Coppell Advisory Solutions LLC increased its position in Mobix Labs by 66.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 25,000 shares of the company’s stock worth $42,000 after purchasing an additional 10,000 shares during the period. Ieq Capital LLC increased its position in Mobix Labs by 73.1% during the 4th quarter. Ieq Capital LLC now owns 34,620 shares of the company’s stock worth $59,000 after purchasing an additional 14,620 shares during the period. Jane Street Group LLC acquired a new position in Mobix Labs during the 4th quarter worth approximately $93,000. Citadel Advisors LLC acquired a new position in Mobix Labs during the 4th quarter worth approximately $104,000. Finally, Geode Capital Management LLC boosted its stake in shares of Mobix Labs by 17.5% during the 4th quarter. Geode Capital Management LLC now owns 236,906 shares of the company’s stock worth $403,000 after acquiring an additional 35,328 shares in the last quarter. Institutional investors and hedge funds own 8.56% of the company’s stock.

Mobix Labs Price Performance

Shares of NASDAQ:MOBX opened at $0.80 on Friday. The business’s 50 day simple moving average is $0.81 and its 200-day simple moving average is $1.06. The firm has a market capitalization of $31.62 million, a price-to-earnings ratio of -0.60 and a beta of -0.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.13 and a quick ratio of 0.09. Mobix Labs, Inc. has a 12 month low of $0.55 and a 12 month high of $2.83.

Mobix Labs (NASDAQ:MOBX) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.52) EPS for the quarter. The firm had revenue of $3.17 million for the quarter. Mobix Labs had a negative return on equity of 866.93% and a negative net margin of 437.57%.

Insider Transactions at Mobix Labs

In other news, Director James J. Peterson sold 146,732 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $1.04, for a total transaction of $152,601.28. Following the sale, the director now owns 2,115,574 shares of the company’s stock, valued at $2,200,196.96. The trade was a 6.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 188,965 shares of company stock valued at $198,618 in the last quarter. 25.10% of the stock is currently owned by corporate insiders.

About Mobix Labs

Mobix Labs, Inc, a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chipset solutions; true xero active optical cables and related products designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles, Pro A/V, AR/VR, remote medical systems, and others; electromagnetic interference filters deployed in aerospace, military, defense, medical, and healthcare products.