Walleye Capital LLC Has $294,000 Stake in Lantronix, Inc. (NASDAQ:LTRX)

Walleye Capital LLC lifted its stake in Lantronix, Inc. (NASDAQ:LTRX) by 61.9% in the third quarter, HoldingsChannel.com reports. The firm owned 71,467 shares of the technology company’s stock after purchasing an additional 27,325 shares during the quarter. Walleye Capital LLC’s holdings in Lantronix were worth $294,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LTRX. Vanguard Group Inc. raised its holdings in Lantronix by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock valued at $4,995,000 after acquiring an additional 131,476 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Lantronix by 18.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock worth $3,629,000 after purchasing an additional 159,671 shares during the period. Herald Investment Management Ltd increased its holdings in shares of Lantronix by 17.6% during the second quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock worth $3,550,000 after purchasing an additional 150,000 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Lantronix by 65.0% during the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock worth $3,036,000 after purchasing an additional 336,781 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Lantronix by 30.4% during the second quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock worth $2,323,000 after purchasing an additional 152,400 shares during the period. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Stock Up 4.7 %

Shares of NASDAQ LTRX opened at $3.56 on Wednesday. The stock has a market capitalization of $136.95 million, a P/E ratio of -25.43 and a beta of 2.04. The company has a 50-day moving average price of $3.50 and a 200-day moving average price of $3.66. Lantronix, Inc. has a 1 year low of $2.48 and a 1 year high of $6.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 1.78.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LTRX. StockNews.com cut shares of Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Needham & Company LLC lowered their target price on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, Canaccord Genuity Group decreased their price target on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $6.50.

Insider Activity

In other news, CEO Saleel Awsare purchased 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average cost of $2.66 per share, for a total transaction of $212,800.00. Following the completion of the acquisition, the chief executive officer now owns 233,184 shares in the company, valued at $620,269.44. This trade represents a 52.22 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hoshi Printer purchased 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average price of $2.90 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the director now owns 176,075 shares of the company’s stock, valued at $510,617.50. The trade was a 9.31 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 76,630 shares of company stock worth $322,492 over the last three months. 1.60% of the stock is currently owned by insiders.

Lantronix Profile

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.