Virtu Financial LLC Invests $26,000 in SmartRent, Inc. (NYSE:SMRT)

Virtu Financial LLC acquired a new stake in SmartRent, Inc. (NYSE:SMRT) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 14,999 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. raised its holdings in SmartRent by 27.2% during the third quarter. Citigroup Inc. now owns 10,009,518 shares of the company’s stock valued at $17,316,000 after buying an additional 2,138,797 shares in the last quarter. Long Pond Capital LP raised its stake in shares of SmartRent by 133.1% in the 2nd quarter. Long Pond Capital LP now owns 9,316,093 shares of the company’s stock valued at $22,265,000 after acquiring an additional 5,320,147 shares in the last quarter. Land & Buildings Investment Management LLC lifted its holdings in SmartRent by 82.0% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 5,658,366 shares of the company’s stock worth $13,523,000 after purchasing an additional 2,549,856 shares during the last quarter. Caprock Group LLC bought a new stake in SmartRent during the third quarter worth approximately $1,997,000. Finally, Dimensional Fund Advisors LP grew its holdings in SmartRent by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,248,368 shares of the company’s stock valued at $7,763,000 after purchasing an additional 468,619 shares during the last quarter. Institutional investors and hedge funds own 59.42% of the company’s stock.

SmartRent Stock Down 0.6 %

NYSE:SMRT opened at $1.58 on Friday. The company’s 50 day moving average is $1.69 and its 200-day moving average is $1.87. SmartRent, Inc. has a 12 month low of $1.17 and a 12 month high of $3.47. The firm has a market cap of $304.26 million, a price-to-earnings ratio of -12.15 and a beta of 1.96.

SmartRent (NYSE:SMRT) last released its earnings results on Wednesday, November 6th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $40.50 million for the quarter, compared to analyst estimates of $45.94 million. SmartRent had a negative return on equity of 6.08% and a negative net margin of 12.77%. The firm’s revenue was down 30.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. Research analysts predict that SmartRent, Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Frank Martell bought 48,204 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $1.45 per share, with a total value of $69,895.80. Following the completion of the transaction, the director now owns 248,204 shares of the company’s stock, valued at $359,895.80. The trade was a 24.10 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.00% of the stock is owned by insiders.

SmartRent Company Profile

SmartRent, Inc, an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. The company’s products and solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi.