Lantronix, Inc. (NASDAQ:LTRX) CEO Paul H. Pickle Sells 16,527 Shares

Lantronix, Inc. (NASDAQ:LTRXGet Rating) CEO Paul H. Pickle sold 16,527 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $5.16, for a total value of $85,279.32. Following the sale, the chief executive officer now directly owns 637,714 shares of the company’s stock, valued at approximately $3,290,604.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lantronix Stock Performance

NASDAQ:LTRX opened at $5.15 on Tuesday. The firm has a market cap of $180.96 million, a PE ratio of -28.61 and a beta of 2.30. Lantronix, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $10.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.47 and a current ratio of 2.53. The business has a 50 day moving average price of $6.41 and a 200-day moving average price of $6.09.

Lantronix (NASDAQ:LTRXGet Rating) last released its quarterly earnings data on Thursday, August 25th. The technology company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. Lantronix had a negative return on equity of 7.74% and a negative net margin of 4.14%. During the same quarter last year, the firm earned ($0.04) earnings per share. Equities research analysts predict that Lantronix, Inc. will post 0.07 earnings per share for the current year.

Hedge Funds Weigh In On Lantronix

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG raised its holdings in shares of Lantronix by 95.1% during the first quarter. UBS Group AG now owns 3,901 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,901 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Lantronix by 2,730.4% during the first quarter. Royal Bank of Canada now owns 4,755 shares of the technology company’s stock valued at $32,000 after acquiring an additional 4,587 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Lantronix by 20.2% during the second quarter. O Shaughnessy Asset Management LLC now owns 13,031 shares of the technology company’s stock valued at $70,000 after acquiring an additional 2,188 shares in the last quarter. Mirabella Financial Services LLP bought a new position in shares of Lantronix during the first quarter valued at approximately $77,000. Finally, White Pine Capital LLC bought a new position in shares of Lantronix during the first quarter valued at approximately $80,000. Institutional investors own 33.62% of the company’s stock.

About Lantronix

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Lantronix, Inc provides software as a service (SaaS), engineering services, and hardware for edge computing, the Internet of Things (IoT), and remote environment management (REM) in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT Connectivity, 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; IoT Compute, 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 IoT Telematics, which provides power efficient products designed to support communications across interfaces and industrial protocols for vehicle, fleet, and asset tracking and management.

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