I.D. Systems Inc. (IDSY) Major Shareholder Lloyd I. Miller III Buys 40,296 Shares of Stock
I.D. Systems Inc. (NASDAQ:IDSY) major shareholder Lloyd I. Miller III purchased 40,296 shares of I.D. Systems stock in a transaction that occurred on Monday, September 26th. The stock was acquired at an average cost of $4.92 per share, with a total value of $198,256.32. Following the acquisition, the insider now directly owns 83,307 shares in the company, valued at approximately $409,870.44. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of I.D. Systems Inc. (NASDAQ:IDSY) opened at 5.05 on Thursday. The stock’s market capitalization is $66.92 million. I.D. Systems Inc. has a 1-year low of $3.01 and a 1-year high of $5.43. The firm’s 50-day moving average price is $5.03 and its 200 day moving average price is $4.97.
I.D. Systems (NASDAQ:IDSY) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.05. I.D. Systems had a negative return on equity of 24.78% and a negative net margin of 12.61%. Equities research analysts expect that I.D. Systems Inc. will post ($0.08) earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in IDSY. Berson & Corrado Investment Advisors LLC bought a new position in I.D. Systems during the second quarter worth about $100,000. Vanguard Group Inc. raised its position in I.D. Systems by 0.6% in the second quarter. Vanguard Group Inc. now owns 356,086 shares of the company’s stock worth $1,713,000 after buying an additional 2,200 shares in the last quarter. Finally, Cannell Capital LLC raised its position in I.D. Systems by 2.2% in the second quarter. Cannell Capital LLC now owns 1,198,276 shares of the company’s stock worth $5,764,000 after buying an additional 25,841 shares in the last quarter. 38.98% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on IDSY shares. B. Riley reaffirmed a “buy” rating and issued a $8.00 price target on shares of I.D. Systems in a report on Saturday, August 6th. Zacks Investment Research lowered I.D. Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 10th.
About I.D. Systems
I.D. Systems, Inc (I.D. Systems) develops, markets and sells wireless machine-to-machine solutions for managing and securing enterprise assets, which include industrial vehicles, such as forklifts and airport ground support equipment, rental vehicles, and transportation assets, such as dry van trailers, refrigerated trailers, railcars and containers.
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