Stifel Financial Corp Buys 471,258 Shares of Kopin Co. (NASDAQ:KOPN)

Stifel Financial Corp raised its position in shares of Kopin Co. (NASDAQ:KOPN - Free Report) by 303.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 626,413 shares of the company's stock after purchasing an additional 471,258 shares during the period. Stifel Financial Corp owned 0.52% of Kopin worth $457,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Royce & Associates LP grew its position in Kopin by 485.4% in the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company's stock worth $4,886,000 after acquiring an additional 5,550,000 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Kopin by 494.4% in the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company's stock worth $711,000 after purchasing an additional 703,740 shares in the last quarter. Affinity Capital Advisors LLC acquired a new position in Kopin during the third quarter worth $54,000. FMR LLC lifted its position in shares of Kopin by 101,059.6% in the third quarter. FMR LLC now owns 57,661 shares of the company's stock worth $42,000 after buying an additional 57,604 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Kopin during the 2nd quarter worth about $32,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Kopin Stock Performance

Shares of KOPN traded down $0.04 during mid-day trading on Friday, hitting $1.39. The company's stock had a trading volume of 1,767,370 shares, compared to its average volume of 1,506,613. The firm has a market capitalization of $220.73 million, a PE ratio of -3.39 and a beta of 2.72. Kopin Co. has a one year low of $0.56 and a one year high of $2.82. The stock's 50-day moving average is $1.01 and its two-hundred day moving average is $0.92.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The company had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.73 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. Analysts expect that Kopin Co. will post -0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com downgraded Kopin from a "hold" rating to a "sell" rating in a research note on Saturday, December 21st. HC Wainwright reaffirmed a "buy" rating and set a $3.00 price objective on shares of Kopin in a report on Wednesday, November 13th.

Kopin Company Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.