1,000,000 Shares in Lantronix, Inc. (NASDAQ:LTRX) Purchased by Truffle Hound Capital LLC

Truffle Hound Capital LLC acquired a new stake in Lantronix, Inc. (NASDAQ:LTRX - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,000,000 shares of the technology company's stock, valued at approximately $4,120,000. Lantronix comprises approximately 1.4% of Truffle Hound Capital LLC's investment portfolio, making the stock its 21st largest position. Truffle Hound Capital LLC owned 2.60% of Lantronix at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LTRX. Amundi bought a new position in Lantronix during the 4th quarter worth $42,000. Bank of New York Mellon Corp grew its holdings in shares of Lantronix by 84.4% during the 4th quarter. Bank of New York Mellon Corp now owns 41,502 shares of the technology company's stock worth $171,000 after purchasing an additional 18,996 shares in the last quarter. Barclays PLC lifted its position in Lantronix by 235.9% during the third quarter. Barclays PLC now owns 62,321 shares of the technology company's stock worth $257,000 after purchasing an additional 43,770 shares during the period. Geode Capital Management LLC increased its holdings in Lantronix by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company's stock valued at $1,394,000 after buying an additional 10,413 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lantronix during the 3rd quarter worth approximately $60,000. Institutional investors own 39.38% of the company's stock.

Lantronix Stock Down 3.0 %

NASDAQ LTRX traded down $0.08 on Wednesday, hitting $2.61. 158,405 shares of the company were exchanged, compared to its average volume of 327,994. The company has a market cap of $101.24 million, a PE ratio of -20.08 and a beta of 2.00. The stock has a fifty day moving average of $3.16 and a 200-day moving average of $3.51. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15. Lantronix, Inc. has a 12 month low of $2.49 and a 12 month high of $4.55.

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Lantronix (NASDAQ:LTRX - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. As a group, analysts forecast that Lantronix, Inc. will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LTRX shares. Needham & Company LLC reissued a "buy" rating and set a $5.50 target price on shares of Lantronix in a research note on Tuesday, January 21st. Lake Street Capital cut their target price on shares of Lantronix from $6.00 to $5.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Finally, Canaccord Genuity Group decreased their price objective on Lantronix from $5.00 to $4.50 and set a "buy" rating for the company in a report on Friday, February 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $6.00.

Insider Transactions at Lantronix

In related news, Director Hoshi Printer purchased 15,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $2.70 per share, for a total transaction of $40,500.00. Following the purchase, the director now owns 191,425 shares of the company's stock, valued at approximately $516,847.50. This trade represents a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kevin S. Palatnik acquired 20,000 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $2.54 per share, with a total value of $50,800.00. Following the completion of the purchase, the director now owns 20,000 shares of the company's stock, valued at approximately $50,800. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 50,000 shares of company stock valued at $129,250 over the last three months. Corporate insiders own 1.60% of the company's stock.

About Lantronix

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.